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2018 June Blog Posts

By First American Merchant

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

Start a Trucking Company on the Fast Track In 7 Steps

Trucks move about 71% of the nation’s freight by weight, according to the American Trucking Associations. The trucking industry generated $738.9 billion in gross freight, representing 81.5% of the nation’s freight bill in 2016. Whether you are an owner-operator looking to start a trucking company, these numbers show this is an industry that offers great potential. It will take hard work and planning, but if you follow these 7 steps you will be on the road to building a successful trucking business. 1.    Create a Business Plan Before you start a trucking company, you will need to know your […]

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Understanding How a Business Line of Credit Works

Businesses, especially smaller, newer ones, need to be prepared for uneven cash flows, unexpected expenses, and changes in customer buying habits. A business line of credit provides you with safety net for these types of expenses. Get to know how a business line of credit works and how it can work for your business. What is a Business Line of Credit? A business line of credit is neither a small business loan or a business credit card. But, they are all similar in some ways. Like a small business loan, a line of credit does not require collateral and you […]

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The Key to Getting Business Loans for Women Entrepreneurs

During the past 20 years, women-owned businesses have grown by leaps and bounds, accounting for nearly four-in-10 of the firms in the U.S. There were an estimated 11.6 million women-owned businesses in the U.S. in January 2017, according to the 2017 State of Women-Owned Businesses Report commissioned by American Express. Additionally, their businesses generated more than $1.7 trillion. Despite these statistics, women still have a more difficult time getting approved for loans than their fellow male entrepreneurs. It is not easy to explain why funding access is unequal. But, what women can do is research and focus on business loans […]

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The Pros and Cons of Collateral Based Loans

If you want to grow your business or need help covering daily expenses, using your assets is a great way to get the capital you need. Collateral Based Loans Explained This type of lending is referred to as collateral based loans or asset-based financing. A collateral based loan is when a financial institution allows you to borrow money based on your assets, which may include equipment, inventory, or accounts receivable. Depending on the loan, you may be required to secure the financing with one asset. However, some lenders may only allow you to borrow based on multiple assets combined. When […]

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Boost Sales With a Merchant Cash Advance ISO Program

Merchant cash advances are popular, short-term funding options that are perfect for small businesses and high-risk merchants. However, since some merchant cash advances are fairly new type of financing to some merchants, they are cautious about applying for this type of funding online. They don’t know much about merchant cash advances or how they work. Then, there are those clients that you do manage to get on board with merchant cash advances only to find the financial provider declines their applications. Needless to say, if you are going at these sales alone, it’s challenging. Due to the nuances that come […]

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Revive Your Business with a Merchant Loan Regardless of Credit

Especially in the early years, money is tight for small businesses. When their owners want to grow their firms, buy extra inventory, hire personnel, or fund a marketing campaign, they often need to borrow the money. Accessing financing can is tough when a business is small and new, and it can seem impossible if its owners also have poor credit. In 2016, 45% of small businesses applied for some type of financing, according to the 2016 Small Business Credit Survey, released by the Federal Reserve. Of those applicants, only 40% received the full amount they requested. Bad credit, which is […]

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Medical Factoring: Financing for the Healthcare Industry

The healthcare industry is one of those sectors where there is a long wait between the time patients receive medical treatments or services and the when the medical facilities get paid. In most cases, it takes up to 120 days for insurance to pay medical claims. Eventually, slow payments take a toll on the cash flows of hospital and medical facilities, specifically new and startup businesses. When lulls become too much, many healthcare providers and medical professionals turn to medical factoring. Medical factoring is a type of financing that provide you with quick payments for your medical claims. Medical Factoring […]

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Business Loans Without Collateral? Yep!

Are you in need of funding for your business? What’s the biggest obstacle on your way? Is it the lack of collateral? How can you obtain business loans without collateral? This article will give answers to your questions. Business Loans Without Collateral The absence of collateral is one of the biggest obstacles standing between small business owners and lenders. If this is your case, you’d better look for a funding provider that won’t require collateral to get you the necessary funds. The majority of small business loans require borrowers to provide personal collateral. As a result, they get a peace […]

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Apply For Business Lines of Credit

Business funding is important for any type of business. Business financing can help you adapt to changes in the field, especially in times of growth or uneven cash flow. If you need ready access to cash and flexible terms that’ll allow you to repay borrowed funds, business lines of credit can often be the best option to choose. Just read below and you’ll learn more. Business Lines of Credit It’s critical for small businesses to keep operations going smoothly while experiencing ups and downs of sales. This also refers to seasonal changes and occasional cash flow shortages. Many businesses choose […]

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Merchant Funding From a Reputable Provider

Are you looking for ways to fund your business quickly and affordably? How to get approved for business funding fast and easily? Read below and you’ll find out. Merchant Funding: Where to Find? What’s merchant financing? The term says all you need to know: this is financing for merchants. This term refers to any business funding that any business with a merchant storefront (the credit card processing system is required) can fund with. By saying merchant financing, many people think of a merchant cash advance (MCA). In fact, the term can refer to any type of business financing that collects […]

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