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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

5 Ways to Control Your Finances in 2022

What does the future hold for personal finances? The financial landscape is changing all the time, but these changes will see our pockets feel the pinch, and some of us could be battling to stay afloat. Trying to forecast the financial future is hard, but we can make some educated guesses, based on what’s happening right now. With that in mind, here are six ways your finances could change in 2022. Tips to Better Your Finances this Year 1.  Watch your credit score  Your credit score shows key factors such as how long it has been since you used certain […]

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4 Warning Signs You’re About to Make a Poor Business Decision

Thinking about making a business decision, but not sure whether it is the right one? It may be time to take a step back. Trying to make decisions without researching can have negative, long-term consequences for companies. When making decisions about significant changes or purchases, these four warning signs indicate you need to slow down and do more thinking before proceeding: 4 Red flags Your Decision May Hurt Your Business 1.  You have not done enough research about it.  If you are making a major business decision and have not researched much about it, you might be making the wrong […]

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Is a Merchant Cash Advance Right For Your Business?

A merchant cash advance (MCA) is a type of alternative funding for your business. The question is whether it’s right for you or not. With an MCA, you can receive an upfront sum of cash in exchange for part of your future sales.  Merchant Cash Advance (MCA) An MCA has traditionally been meant for businesses that generate revenue mainly from credit/debit card sales. These businesses include restaurants, retail shops, and not only. Today, MCAs are also great for businesses that don’t merely rely on credit/debit card sales. The MCA provider will automatically deduct a percentage of your future sales until […]

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The Supply Chain Crisis Persists: How Can US Small Businesses Survive the Situation?

Many American firms, both big and small, depend on items manufactured in Asia and other nations. Because China and other nations are experiencing supply chain constraints triggered by the global health crisis, the United States and other nations are suffering.  How the Supply Chain Crisis is Affecting Small Businesses  Besides the bottlenecks in the processing of raw materials and goods that US businesses require, there are also repercussions across the retail market. Cargo ships are stranded at ports, not able to deliver goods.  The industry is also experiencing a truck driver shortage. These staffing shortages, along with occasional closures during […]

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6 Common Financial Mistakes to Avoid

This article is about the key financial mistakes that can get you in trouble if you don’t avoid them. Let’s see how you can stay away from these mistakes and where you can get a reliable and cheap merchant cash advance to sidestep an economic hardship. Common Financial Mistakes: How to Avoid Them  Wrong money management can cause you a lot of trouble. It’s vital to be able to avoid committing financial mistakes. This is essential for all individuals, including business owners. Successful money management means proper evaluation of your income and expenditure, weighing your financial needs, and spending money […]

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Business Cash Advance: Alternative for Bad Credit Merchants

A business cash advance enables borrowers to get financing against their future earnings. If you need fast financing and have poor credit, this is a go-for option for you. Let’s discover more about this type of financing and see where you can get a reliable cash advance.  Business Cash Advance for Bad Credit Merchants A business cash advance also called a merchant cash advance or MCA, allows merchants to get funds against their future sales. This type of financing doesn’t require you to provide collateral: it’s unsecured.  Businesses with bad credit or no credit at all, e.g., starters, can apply […]

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Time Is Money: Get a Business Loan Fast

You can’t take your business off the ground or move to new heights if you lack enough financing. How can you obtain a business loan fast? Thankfully, there are reliable providers of business funding so you won’t have to wait weeks for a bank to process your loan application. When You Need Access to a Business Loan Obtaining a business loan can sometimes prove to be a long and complex process. Let’s take SBA loans. Don’t expect to get them fast. Typically, they require you to wait a few months to go through. So, they can’t be the best solution […]

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E-commerce Growing With Merchant Cash Advance Funding

According to McKinsey & Company, the US e-Commerce penetration experienced 10 years’ worth of growth in a matter of 3 months, replacing physical channels along the way. And all of this occurred during the height of the Coronavirus pandemic.  More business owners are turning to online channels to sell their wares. In fact, Shopify has reported that the number of stores launched on their platform grew by 71% in the second quarter of 2020, compared to the first quarter.  The unfortunate reality is that many new businesses will fail. The main reason is the lack of money management. A recent […]

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6 Steps to Get a Business Loan With Bad Credit

Have you heard taking out a business loan with bad credit is impossible? That’s not right. It’s difficult, but it’s possible. You just need to know what steps to take and turn to a reputable high-risk merchant funding provider in your field. Getting a Business Loan With Bad Credit Let’s start with the minimum credit score, the most famous FICO score. Usually, lenders take into account different factors when determining your eligibility, and different lenders set different minimum credit scores for borrowers. However, they usually require you to provide a minimum personal credit score of at least 600. This is […]

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How to Accept Credit Card Payments for Your Small Business

Nowadays, card payments have become so much widespread that it’s uncommon to see businesses accepting only cash. Card payments allow businesses to provide multiple payment options for their customers, which results in increased sales and boosts customer satisfaction. How can you, as a small business, accept card payments? Accepting Card Payments Did you know that about 80% of U.S. consumers keep at least one credit card in their wallet? Credit cards were used to complete over 1/4 of all payments completed in 2020.  Credit card payments enable businesses to increase sales and enjoy quicker and easier payment transactions, as compared […]

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