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2018 April Blog Posts

By First American Merchant

Feel free to give us a call for more info 1-800-210-5649

Capital and Cash Partner Accounts

What Capital and Cash Partners Need to Know About Capital Accounts If you want to borrow money to help start your business, when you go to a lender, they  will want to know you are invested in your new venture. Opening and maintaining a capital account proves to lenders that you have a stake in your business and you and your capital and cash partners aren’t likely to borrow money and not pay it back. Whether you are planning to establish a business as a sole proprietorship or a limited liability corporation, it makes sense to begin contributing to a […]

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What You Need to Know About Collateral Based Loan Products

Collateral is an asset one can use to secure a loan. When you go borrowing, you agree that your lender can hold something and trade it to repay their cash if you fail to pay back. It is through collateral that you can get huge loans, and better your chances of approval if getting a loan is proving difficult. Anytime you put some collateral on the line your lender reduces liability meaning you’re likely to enjoy better rates. How Does Collateral Work? Most times collateral is required when a lender needs assurance that in the worst case scenario, they won’t […]

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E-commerce Experiences And Cryptocurrency Payments

Merchant’s suffered when Stripe recently decided to pull out their support for taking Bitcoin in e-commerce transactions. And now, Coinbase has come in to offer online retailers a means to accept cryptocurrencies. The famed payment service provider Stripe made public their plans to terminate Bitcoin support last month. And the crypto exchange expert Coinbase is now stepping up to fill the gap by providing a new option for web-based merchants. Coinbase Commerce is best known for converting fiat into Ethereum, Bitcoin, Bitcoin cash or Litecoin. The company is currently valued at a whopping $1.6 billion, up from last year’s $100 […]

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I Have Bad credit, What Business Funding Options Do I Have?

In the world of finance, your credit score means everything! The higher a person’s credit score, the higher their chances of qualifying for great credit offers from multiple financial providers. The opposite happens if your FICO rating is low—or if you’ve done nothing to build credit. But due to the tricky nature of life, it is difficult to run away from a low score, at some point, you’ll find yourself below the line.  So the remedy is to fund your company using means that will better your score when you’re good to push your business a level higher. Here are […]

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What Happens If I Don’t Pay Back My Cash Advance | Delinquent Cash Advance

Unexpected financial problems may strike you when you just can’t get your hands on immediate cash. But a cash advance may come to your rescue. This is a form of short-term funding that enables borrowers to access quick money. Quick-fix cash advance loans or simply payday loans may bring about negative consequences if not settled. Here’s what happens if you fail to pay a cash advance: You Accrue Interest One negative impact of not paying back your cash advances on time promptly is that you accrue interest on the owed amount. And with the sky-high interest rates on loans, failing […]

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Why You Should Rethink the Merchant Cash Advance

For many, the merchant cash advance is surrounded by questions a reputation for high fees – a business’ last option. But experts are saying it is time for businesses and lenders to take another look at the merchant cash advance. It might be more helpful than was previously believed. The Lending World Has Changed “The merchant cash industry first started as a product for unbankable clients,” explained Andrew Mallinger, COO of PIRS Capital, in a recent interview with PYMNTS. “It was for restaurants that didn’t have collateral or the credit score to apply for a bank loan.” However, the rise […]

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5 Bad Money Habits You Must Break Starting Today

Once a habit is created, it can be very difficult to break. Has your financial situation become a vicious cycle of debt and spending? Consider the following 5 bad money habits you need to break today to regain financial freedom: 1.      Spending more than you earn According to research from the National Financial Capability Study, one in five Americans spend more than they earn and 38 percent break even. The difference between those who struggle with debt continuously and those who stay in control of their finances is spending more than they can afford. Living an excessive lifestyle […]

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