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Michael Hollis Blog Posts

By First American Merchant

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

20 Tools to Run Your Small Business Remotely

Working from home is a trend that’s here to stay. Today, there’s a proliferation of software apps and tools designed to make it easy for small business owners to run their business from home or anywhere. Which tools to choose? How to find best merchant cash advance companies for your business? This article will help you go with the right tools and find a reputable merchant cash advance provider to turn to. Be Present on Social Media Social media engagement is too important these days. LinkedIn and Facebook can help you connect with a community or an online forum virtually. […]

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Applying for Merchant Funding? Lending Terms to Know

Have you decided to pursue financing for your business? What type of merchant funding are you interested in? Whatever it is, you should be aware of some important terms before applying for a business loan. Knowing the essential terms, you’ll be able to make an informed decision about financing your business. Also, the process will prove to be much more comfortable for you. Here are several key business lending terms to know: Business Credit Score Business credit scores, also called commercial credit scores, vary from 0 to 100. These scores help your potential lender determine whether your business is worth […]

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How To Get An Adult Merchant Account

Are you an adult business owner? Are you on the lookout for a reliable and affordable adult merchant account? Just keep on reading this article and you’ll get answers to your questions. Payment Processing for Your Adult Business The adult entertainment industry is growing and turning into a more profitable industry. So, it’s no wonder that merchants take a big interest in this sector, hoping to become part of this quite lucrative market. The internet has made everything easier and more convenient. Nowadays, users can pay for adult websites through their credit cards. Only, adult businesses are classified as high […]

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Turn Your Cash Advance Declines Into Revenue

Do you need quick access to working capital? Have you tried a merchant cash advance (MCA)? Are looking for portals for a cash advance ISO? Just keep on reading this article and you’ll know how to get the best for your business needs. Fed Up With Cash Advance Declines? Are you dealing with cash advance declines? What’s the way out? How can you get revenue instead of ending up with declines? First of all, let’s see what a cash advance is. There’s a widespread belief that an MCA is a loan. It’s not true: a merchant cash advance is simply […]

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When All You Need Is An Offshore Merchant Account

Do you need an offshore merchant account? Do you think working offshore can be tricky? How to open this type of merchant account without challenges and with the best possible terms? Just read this article and you’ll get answers to your questions. What Is an Offshore Merchant Account? An offshore merchant account is also called an international merchant account or “off shore” merchant account. This is an option for payment processing. It’s available to merchants with high risk businesses, a history of chargebacks or fraud, or bad credit. Thanks to offshore credit card processing, merchants who can’t be approved for […]

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Easy Business Loans for Small Merchants and Startups

When you are a small or new business, you likely don’t have too much extra capital to start a new project, grow your inventory, or easily pay your monthly operational expenses. Money is tight and, sometimes, the only real option to get ahead or stay afloat is to borrow. Unfortunately, since the 2008 Great Recession, banks have had to get stricter with their lending regulations. Therefore, it’s not easy to get a loan or financing if you don’t have a good credit score and you are still strengthening your revenue streams. If you don’t have personal assets to use as […]

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The Pros and Cons of Unsecured Business Loans

When you are a small merchant, an unsecured business loan can seem like a blessing and a curse. It is not rare to seek an unsecured business loan when your new business is still having growing pains or you are still building or recovering your credit. It gives you the small burst of cash you need quickly to get whatever hurdle your faces. However, before you jump in and apply for a loan, weigh the pros and cons. The Pros Pro: No Collateral Unlike secured loans, this type of loan doesn’t require collateral to qualify for financing. Therefore, if you […]

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How Your Business Can Benefit from Bond Financing

When budget time rolls around in your city or town, you many have heard your elected officials agreeing to “float a bond” to construct a new park or to funnel money into an affordable housing program. But, what does that really mean? In a nutshell, bond financing is a way for businesses to get the money they need to pay operational costs or fund other projects. Understanding Bond Financing Bond financing is a type of long-term borrowing in which companies and governments issue bonds to raise money to cover the costs of daily operations, infrastructure improvements, and long-term capital projects. […]

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Loan-to-Own an Option When Defaulting on a Merchant Cash Advance Loan

For years, a merchant cash advance was reserved for business that earned its profits mostly from credit and debit card transactions. When more businesses became more unqualified for loans following the fallout of the Great Recession during the late-2000s, other businesses that didn’t rely heavily on sales that were paid for with plastic began taking advantage of merchant cash advances. Many small businesses, especially, turned to merchant cash advance loan, sometimes taking on three-digit interest rates. With rates so high, it was no surprise when merchants began defaulting on merchant cash advance loans. But, what happens when you can no […]

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How to Get a Merchant Loan, Regardless of Bad Credit

Bad credit can have affect your life in many ways. It can make it hard to rent an apartment, get the job you want and even prevent you from getting a cell phone contract. For the aspiring entrepreneur, poor credit can halt business plans altogether. Bad credit can not only lead to higher rates and more restrictive terms on approved loans, but also affect your ability to be approved at all. Fortunately, the creativity and flexibility of alternative providers have made it much easier for business owners with bad credit to secure the working capital they need. High-Risk Providers A […]

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