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Business Funding Blog Posts

By First American Merchant

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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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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 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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Merchant Loans | Where to Find an Alternative Business Loan

Are you seeking an alternative to the traditional small business loan? A merchant cash advance (MCA) might be the cash solution you have been looking for. Consider the following helpful tips on merchant loans and how to decide if this financing option is right for your business. What is a Merchant Cash Advance? A cash advance involves the lender purchasing a slice of your business’ future credit card sales. In exchange, your business receives a cash advance as a lump sum payment. An increasingly sought-after alternative to traditional funding, a cash advance also provides a flexible payment process. The payments […]

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How to Get Alternative Business Loans for Contractors

Contractors work on projects that are very time sensitive. Access to the necessary working capital is critical to contractors trying to complete their projects, which may require machinery, materials, laborers, and other things during an intensive period. If you’re interested in alternative business loans for contractors, just read this article. Alternative Loans for Businesses Business owners in industries like development and contracting who have applied for loans through traditional banks are well aware of the troubles associated with loan approvals. Loans from traditional banks require insurmountable requirements, as well as a long process of getting approved. On the other hand, […]

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The Best Bad Credit Business Funding Options

Your business needs to hire a few more employees and purchase new equipment, but you have run into an obstacle. You need to boost your cash-flow to do so, but do not have the credit score you need to qualify for a small business loan. If you have found yourself in this situation, you are not alone. Many small business owners that have less than stellar credit struggle to find a lender willing to work with them. This can make day-to-day tasks incredibly difficult to fund, not to mention lack of capital can push your business into a dangerous cash-flow […]

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Choosing a Merchant Cash Advance Over a Business Loan

As of 2016, there were 28.8 million small businesses in the US, which represented 99.7% of US businesses. Only about 24.1% of small business loans were approved by big banks, and smaller banks approved about 48.9%. Alternative lenders approved 58.2% of loan requests. In less than 20 years, the merchant cash advance (MCA) industry has gone from $0 to $10.7 billion by 2015, and is expected to account for $15.3 billion in 2017. Are you faced with the problem of whether you should take out a business loan or a merchant cash advance? Below you can find some important information […]

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Best Protection from Cyber War on Small Business

The 2016 State of SMB Cybersecurity Report shows that from April 2016 to April 2017, hackers have breached half of all small businesses in the US. A bill making its way through the US Senate proposes to create a set of resources and guidelines that can be used by small businesses for the purpose of protecting themselves from cyber attacks, which are steadily increasing in number. Cyber Attacks Are on the Rise According to a recent survey, 87% of small business owners don’t feel they’re at risk of a cybersecurity attack. 1 in 3 small businesses doesn’t use the necessary […]

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How You Can Grow Your Woman-Owned Business

Woman-owned businesses are making more and more economic contributions at rates that are higher than the national average. As of 2016, there were over 11.3 million woman-owned businesses in the US (a 45% increase since 2007), according to The 2016 State of Women-Owned Businesses Report from American Express. These businesses employed about 9 million people and generated more than $1.6 trillion in revenues. Getting officially certified as a woman-owned business has its advantages. For female business owners, there are certifications like the Woman-Owned Small Business (WOSB) and Economically Disadvantaged Woman-Owned Small Business (EDWOSB), which give women entrepreneurs access to resources […]

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