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Business Funding Blog Posts

By First American Merchant

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

Short Term Loans Defined

Short term loans are ideal for those who have a temporary funding need for personal/business purposes. For more information about this type of business financing and an exceptional provider, keep on reading the lines below.  Short Term Loan Definition If you need to obtain this type of credit, be aware you’ll be required to pay it back by within a certain period of time (typically a year from getting the funds). This means you must pay back the debt quickly, from where we have the name “short term.” Other loan types with longer terms are known as medium or long […]

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Business Loan Terms to Know When Applying for Funding

Different business loans come with different requirements. To be able to choose the right business funding for your business, you should be well equipped with the knowledge, including business loan terms, before entering the world of business financing.  Business Loan Terms & Funding to Know All merchants are looking for easy access to small business financing at the cheapest possible rates. No one likes long applications, complex repayment options, difficult-to-manage accounts, and a slow funding process. To avoid falling into a misleading situation where you can’t make the right choice, it’s important to learn business loan terminology. Annual Percentage Rate […]

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Business Loans to Overcome Hard Times & Crises

If you need working capital to overcome challenging times like the COVID-19-related situation, you can find more than one loan option to apply for. The right loan for your business can help you survive and move to the next level even when passing through hard economic times. So, if you need help with business loans from a reputable merchant services provider, keep on reading this post.  Business Loans to Survive Hard Times Almost all business owners face difficulties when trying to obtain access to working capital during critical times, let alone the high risk ones. The Federal Reserve’s 2019 Small […]

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Where Businesses Can Turn for Capital – And Which Option is Right for You

Moving into the second half of 2020, so many business owners are in need of extra working capital. It has been a tough year, to say the least, and now we’re moving into the bustle of the holiday season. If you’re planning on launching a business soon, you are in even greater need of sources of financing. So, where’s the best place to find additional working capital? And how do you know which one is right for your business’ unique needs? Here are some of the top sources of small business financing, along with important questions you should ask to […]

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Difference Between a Grant and Business Loan + Alternative Funding

Running a business isn’t a simple thing, especially during challenging times. Business loans help you expand your company and take it to the next level successfully. In this article, you’ll see the difference between a grant and business loan so to come up with the best solution for your business.  Business Loans, Grants & Alternative Business Funding Options  Think of a business loan as funds that you can obtain from a bank, credit union, or another financing institution. This is an opportunity to get temporary access to working capital that you’ll be required to pay back over time and with interest.  When […]

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How to Prepare Adequately for a Business Loan Application

You never know the critical role of business loans until your company falls between a rock and a hard place, and an injection of funding is your only haven. And of course, no one wants to plunge into a debt cycle in the name of saving their business. So you want to use some sure sources of commercial funding— loan products that can help drive success. Proper preparation is the key. Hurried borrowing can lead to business-threatening debt traps. And here’s the catch; if you (the borrower) can make a higher return on the lender’s loan fees, then the product […]

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The Benefits of Merchant Funding

If you are looking for more funds for your business, you may have come across the term merchant funding or merchant financing. This might be just what you need to pay for your expenses, pursue new investments, and position your business for future growth. What Is Merchant Funding? Merchant funding or merchant financing is basically financing for merchants. It is a general term that refers to any business financing for any merchant with a “credit card processing system”. Often, merchant financing can be referenced as merchant cash advances. This funding type takes repayment automatically via your credit card processing system.  […]

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Calculating PPP Loan Forgiveness and Applying

The Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act) was passed into law on March 27, 2020. It was known as the secondary response to the devastating economic effects of COVID-19. This new law provided benefits to both individuals and small business owners nationwide.  One of its main components was the Paycheck Protection Program or PPP. This program offers loans that are forgivable for small business owners and to keep their employees on the payroll.  Guidelines For Loan Forgiveness In order for these loans to be “fully forgivable”, borrowers need to ensure that they do […]

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11 Ways to Ensure Successful Business Post-COVID-19

Are you interested in how you can successfully rebuild your small business after COVID-19? After all, economic activity has undergone massive changes, which have severely affected businesses worldwide. This article will help you with recovering your business post-COVID-19. Successful Business Post-COVID-19 COVID-19 has led to shifts in consumer behavior. The way people live and work has changed to an incredible degree. So, it’s no wonder that businesses are facing the outcomes of these changes and have the right strategy for the world after COVID-19. Apart from healthcare readiness, you should also: Focus on reinvention by paying more attention to digital […]

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10 Tips to Strengthen Your Loan Application

Are you applying for a loan? Do you need to know how you can improve your loan application so to have more chances of getting approved? No need to worry. Just follow the lines below and you’ll know. How to Improve Your Loan Application Loans can play a vital role in meeting the financial shortages that prevent you from reaching your financial goals. Below, you can read how you can boost your chances of getting approved for merchant funding: Check your credit report. You can get it for free by just visiting AnnualCreditReport.com. In case you find any inaccurate information […]

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