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First American Merchant Staff Blog Posts

By First American Merchant

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

Small Businesses You Can Start Now

Want to start a business, but are not sure you are stable enough to quit your full-time job? This happens to many people, and it can leave them dropping their ideas of opening their own business. This should not happen. There are many small business options that you can do part-time, and then one day can turn them into full time careers. Some of these small businesses can also be started quickly, with a low start-up cost, if any at all. Below are 10 small business ideas that you can start right now. 1:  Buying and selling (and reselling) on […]

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Tips on Starting a New Business with Bad Credit

Getting a new business off the ground requires a ton of capital. Money doesn’t grow on trees; so new business owners often have to result to business loans. However, this is entirely dependant upon your credit score. With a bad credit file, getting approved for a business loan is next to impossible. Lenders don’t want to put their trust into someone that has a bad credit file or no credit history at all for that matter. This doesn’t mean you should give up on your dreams of starting a new business. There alternative ways that you can get funds to […]

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Increase Sales by Using Online Payment Solutions

Shopping is completely different than it used to be; we search for products online, we shop around for the best prices and then we pay online. We don’t even need to leave the comfort of our own home. It’s quick, easy and allows consumers to get literally any product. However, many small business owners don’t take the time to setup online payment solutions. Not providing online payment options does two things: Reduces sales Pushes customers towards your competitors In this day and age, it’s crucial for all businesses to be able to accept online payments. Being able to accept credit […]

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Getting a Loan Even When the Bank Rejects You

When in need of a business loan, most people head straight to the nearest bank. Banks are the ‘go-to’ place when you need a business loan, but they don’t always approve all loan requests. Depending on your credit score and history, you may not be eligible for a loan from a bank. However, that doesn’t mean you can’t secure funds for your business. Banks aren’t the only lenders Fortunately, we live in an age that provides alternative solutions for all issues. Banks are no longer the only lenders around. With First American Merchant, you can get your hands on merchant […]

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Turning Receivables into Cash Flow

Businesses generally generate cash by selling goods and services. However, when you are a small business, you may need a more steady cash flow than your customers can provide. Customers often buy goods and services on credit, and it takes them some time to pay their bills. There are other ways to use these receivables to generate cash if a business is in need of a short term cash solution. Below are three common high risk cash advance options used to turn receivables into cash flow. Line of Credit. Banks, merchants, and other financial institutions often offer businesses a line […]

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Benefits of Corporate Summer Outings

Company outings are a great way to give employees a break, and summer is an ideal time to do that. Employees tend to get anxious when they cannot get outside in the summer to enjoy the sunshine. Curbing this anxiety is easier with corporate outings. They also offer some other benefits as well. Keep in mind that planning a corporate outing can be expensive. Small businesses may be restricted from having company outings because they do not have the up-front funds to foot the bill. Companies do have the option of getting a cash advance from their merchant account to […]

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ACH Business Loans: The Basics

An automated clearing house is a large electronic network that processes credit and debit transactions in extensive batches. An ACH (automated clearing house) business loan is similar to a merchant cash advance. The difference is that an ACH loan is generally a “cash flow” loan while a merchant cash advance is an advance on regular and predictable credit card transactions. The ACH loan lender will look at the business’s average daily, monthly, or quarterly balance of the business’s checking account instead of the amount of credit card transactions that are likely to occur within a certain period. An ACH loan […]

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How to Get a Cash Advance Regardless of Having Bad Credit

The last few years have been extremely tough for many small business owners. A tough economy means slow business, a loss in revenue, falling behind and even defaulting on payments. Any one of these can result in bad credit for a business owner. When a business owner then goes to apply for additional business capital, they will discover that they have been rejected. The big problem for businesses that have bad credit is that they are now considered a risk in the eyes of traditional lenders. If your credit score is less than stellar, securing a loan will be extremely […]

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Starting Your Business with the Help of a Merchant Cash Advance

Starting and running a business is never a perfect, smooth process. Obstacles will pop up all along the way, and opportunities will unexpectedly be dropped on your doorstep. These unplanned and unexpected situations are when you will need funds the most. Having the funds you need will determine whether or not an opportunity passes you by and whether or not you sail smoothly through a rough patch. You might not be able to secure additional funding from a traditional source for different reasons. Your business may be considered high risk due to the nature of the business or simply because […]

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Alternative Funding Options for Businesses Suffering from Bad Credit Issues

It is true that a number dictates whether or not you can receive funding for your business. Your credit score, good or bad, determines your eligibility for financing. High scores mean finding funding sources will not only be easier, but you will also have a variety to choose from. However, if your score is low the variety narrows significantly – options can even become nonexistent. Unfortunately, you can’t treat your credit score like an etch-a-sketch and simply swipe and start over. You are stuck with it. It is possible, however, to fund you’re your business in ways that will actually […]

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