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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

Ways Bad Credit Effects Small Businesses | Merchant Cash Advance

Is your business struggling with bad credit? There are many ways bad credit can affect your business and your personal life. Find out the top ways bad credit can hurt your plans, and where to find quick access to funds to boost working capital. How Bad Credit Can Hurt You Personally Higher down payments – When you need to borrow money for a car or house, for example, it will more than likely require a down payment. If you suffer from bad credit, the required down payment will probably be higher (the bank will view you as a high credit […]

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Credit Repair Merchant Account | How To Apply

Is your business a part of the credit repair industry? Are you planning to start a credit repair company in the future? If so, the following information will tell you everything you need to know about the credit repair industry and credit repair merchants accounts. The Credit Repair Industry Profile The credit repair industry is almost entirely comprised of small businesses, with no single company accounting for more than 5.0% of credit repair industry revenue. In 2015, there was 35,701 people employed in the industry, and over 123,010 credit repair businesses. Despite the industry having shrunk by 5.2% over the […]

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Digital Marketing | 5 Reasons Why Your Small Business Needs It

Are you planning to start a business soon? Or do you already have a successful business that is ready to attract new customers and expand? Either way, you will need a great marketing strategy. Digital marketing continues to gain momentum as businesses seek ways to build their brand and online presence. The following list includes 5 reasons why you need to add online marketing to your growth strategy: 1.      Level the online playing field When it comes to resources, small businesses typically struggle to keep up with large corporations, especially when it comes to time and money. Digital […]

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Construction Loans and How to Qualify

No single sector has benefited more than the construction industry during the comeback of the U.S economy following the 2008 financial crisis. Construction in the U.S. is a multi-billion-dollar industry, with over 650,000 employers and over 6 million employees. The increasing activity in the home builders sector has led to high demand for financing. One of the ways home builders are securing the financing they need is through construction loans. It is important to note that construction loans differ from mortgage loans. If you are unsure of what a construction loan entails, the following information should clear up any questions […]

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Quotes from Successful Business Owners

Starting and building a business requires ambition, hard work, inspiration, motivation and perseverance. However, it is normal to go through periods of uncertainty and doubt. Are you making the right decisions? Is the business headed in the right direction? Words of successful business owners can inspire you and shed some light on how they tackled business challenges. Whether you need motivation, inspiration, or encouragement, the following top business owner quotes compiled by our team at First American Merchant will help you continue to move in the right direction: Entrepreneurship requires determination and ambition “Your time is limited, so don’t waste […]

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Business Capital Loans Application Process

Working capital loans or business capital loans are a great option for those in need of a quick and easy funding solution that doesn’t require a lot of paperwork and excellent renewal options. One of the great things about working capital loans is that you can obtain them even if your credit score isn’t perfect. Let’s read below and see how you can get one without challenges. Business Capital Loans: Where to Get Them? A working or business capital loan can be characterized as a type of loan that can be used to finance your company’s everyday operations. You can’t […]

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Prepare for Change of Business Ownership

When you are an entrepreneur, you should not only be able to stay ahead of your budget and keep your eye on emerging trends in your industry, but anticipate and be prepared to handle changes. Owners retire, partners pass away, and new stakeholders get added to accommodate growth during business growing pains. Though everyone knows about these transitions, most people are never really prepared for a change of ownership business. The best way to handle this type of change is to prepare and develop a plan. Since a business’ corporate structure and the reason for an ownership change are factors […]

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Enhance Your Business with ACH eCheck Services

Accept electronic check payments, increase sales, and reduce the costs that come with paper check processing by using ACH eCheck services. Using these services not only boosts customer satisfaction, but, it allows you to grow your revenue because you are giving customers another payment option by offering check and ACH transactions. The Beauty of ACH eCheck Services To understand the benefits, you must understand ACH, which stands for the Automated Clearing House, and eCheck services. ACH refers to the main network that processes most of the electronic payments in the United States. On the other hand, electronic checks are a […]

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High Risk Business Loans From FAM

These days there’s a lot more to business loans than applying and qualifying with your local bank that a newbie merchant may need thorough advice when it comes to seeking out one. With traditional lenders only willing to partner with retailers in low risk niches; you stand no chance if your new venture is high-risk. You will likely stumble upon the category “high risk business loan” in your desperate hunt for a micro-business loan. And from what you’ve heard; it is not likely the best product to settle for. But what factors make it a less-than-ideal commercial funding product, and […]

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Obtaining A Merchant Account with Bad Credit

Bad credit or not; business must go on! And if you expect to accept credit cards from your buyers, then a merchant account is a basic necessity for you. A merchant processor receives your credit card sales for a fee and links transactions to your business checking account. Every processor has their unique criteria for merchant account approval. Most of them will look at your credit. Luckily, some account processors will offer you a bad credit merchant account. Here are things to take into consideration when seeking a processor. Your Business Structure For C-corporations with an EIN (employer identification number) […]

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