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Michael Hollis Blog Posts

By First American Merchant

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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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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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