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2017 February Blog Posts

By First American Merchant

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Online Small-Business Lenders Display Loan Prices

One of the online lending industry’s most conspicuous endeavors to demonstrate it can manage itself has recently been introduced: 3 small-business loan providers disclosed an institutionalized approach to show the costs of their credits. Industry critics have noted it isn’t easy to assess what online loan specialists charge small businesses to borrow. They have additionally noted challenges in drawing a parallel among the cost of term loans, merchant cash advances and other online loan products to support more careful regulatory-based observation. Short-term online loans can offer yearly percentage rates that reach 100% or more. These forms of financings confront few […]

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3 Things You Can Do To Keep Your Business Thriving

One of the key things that can kill your small business is lack of business capital in the early stages of development. It’s no stretch to say you may face something unexpected in your way. These could be sudden construction costs or something related to ensuring your business is due to existing industry regulations. Such unexpected things will almost always result in extra costs. Have Enough Capital When Launching Your Company When starting your business, you should do your best to have enough resources so to be able to overcome hindrances that may appear in your way. Lack of capital […]

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20 Striking Facts Business Leaders Should Think About

Business is evolving and undergoing fundamental changes. Big data, Artificial Intelligence, platform businesses and sharing economy, 3D printing, intelligent robots and other leadership challenges have completely changed the traditional world of business. Below you can find interesting facts that show how all these things are important in the modern business world. To start your business successfully and grow, consider turning to FAM for low-cost and reliable business funding. is a reputable business loan provider and payment processor that specializes in the high risk industry. The amount of data created during 2015 and 2016 exceeded the amount having been created […]

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Starting A Business Requires Your Full Commitment

Today, more businesses are being built than before. Overall, this has its positive impact on humanity and the economy. However, it becomes more challenging to build a powerful business and stand out from the rest in such situation. To start a business, you should put all your efforts in building and developing it. 100% of Your Time This doesn’t mean a business can’t start as a “side project.” In fact, it’s a great idea to start your business as a “side project.” Then, you can fully commit to your project to further develop it. The thing is that when your […]

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Why Is It Challenging For Women Entrepreneurs To Get Business Funding?

Compared to men entrepreneurs, women business owners face more challenges when getting approved for business funding. Since access to business capital is necessary for business growth, this is a serious problem. Disadvantages for Women Entrepreneurs Women get approved for business loans less often as compared to men. Women entrepreneurs get approved for only 16% of all conventional business loans made in the United States every year. Women only get 80% of the capital men do. This means, to make new products, hire employees and expand their business, women have 20% less capital to use. No matter what type of loan […]

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What You Need To Establish A Good Credit Score

It’s no stretch to say that the right business funding plays an immense role in making your small business a success. If you need to get approved for a great a business loan, often you’ll be required to provide a good credit score. A good credit score is based on certain important issues that you can find below. Keep Your Business and Personal Finances Apart After establishing a business line of credit, don’t dip into your personal finances to have your business subsidized. Keep them apart as this way you won’t be obliged to put your personal credit on the […]

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US Veterans Make Successful Entrepreneurs

The people who serve the US are among the most trusted individuals in the society. According to the Gallup poll, 73% of citizens trust people who serve the country. US Veterans as Business Owners Military service members make great leaders and achieve remarkable success in the field of entrepreneurship. Veterans have traditionally been great at establishing businesses. Nearly 50% of veterans established their business after WWII. US veterans have the world’s best leadership training. With a background focused on integrity and characteristics helping them to successfully fulfill their mission in life, they have the most important traits one needs for […]

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The Growth Of Hispanic Business Owners

The Census Bureau reports nearly 55 million Hispanics live in the United States, which represents almost 17% of the US population. The number of businesses owned by Hispanics throughout the country reaches over 4 million. The revenue raised by these businesses accounts for over $660 billion as Hispanic Chamber of Commerce states. Hispanic entrepreneurs have been starting businesses at a pace 15 times the national average over the past 10 years. Over 1/4 of the country’s Hispanic-owned businesses or 1.057.301 companies are found in the Census Bureau’s Pacific region ─ Alaska, California, Oregon, and Washington. The South Atlantic region represents […]

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Business Funding Opportunities For Minority- And Women-Owned Businesses

New businesses give rise to new jobs. 2015 research by the Brookings Institute shows 40% of the new jobs created in the past 20 years were the result of new businesses emerged. Small businesses gave birth to nearly 2 million of the 3 million jobs appeared in the private sector in 2014. Women and minorities are creating more and more new jobs. From 1997 to 2007, the number of small businesses owned by minorities grew by more than 25%. The number of businesses owned by women increased by 7%. The number of businesses that weren’t owned by minorities rose by […]

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Why Banks Deny Loans To Many Small Businesses

Growing a small business is not easy and may be rather challenging sometimes. Business owners regularly face problems that may put their companies at risk. Of course, to take their business off the ground and start growing, entrepreneurs should secure business financing. Though there exist a wider variety of funding options, finding one can be rather problematic. Below you can read important statistics concerning the fact why you may get refused when applying for a bank loan or credit line. According to the Small Business American Dream Gap Report, about 3 out of 10 small businesses had more difficulty to […]

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