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Business Funding 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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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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Alternative Business Loans: Funding When The Bank Says No

Which funding product have you been going for lately? Is it working for your business or do you feel like you need a better option? Well, there are alternative business loans to go for. Have you heard of MCAs, also known as Merchant Cash Advances? Well, you must be curious to understand why this new-age business financing option is taking over other popular forms of micro-business funding and why merchants are increasingly choosing merchant cash advances over small business loans. Many retailers mistake a merchant cash advance for a short-term loan, or maybe a high-interest advance. But in reality, it […]

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Apply for a Business Loan Online

Technology has revolutionized all the spheres of life. Everything is changed. The way you apply for a small business loan couldn’t be an exception. Today, you’re given an opportunity to apply for a business online. How can you do this in the best way? Just read below and you’ll know. Apply for a Business Loan Online Access to business funding is a highly important component for your business growth. If you lack the necessary working capital, you won’t be able to thrive. Thankfully, apart from traditional banks and financial institutions, there’re alternative online lenders as well in our modern days. […]

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Business Funding for Women Entrepreneurs

Women own more than 11.6 million of the firms in the United States, employ nearly 9 million people, and generate $1.7 trillion in sales, according to the 2017 State of Women-Owned Businesses Report, which was commissioned by American Express Open. Each year the number of women entrepreneurs grows and projections expect the numbers to continue to climb. Despite this, getting business funding for women entrepreneurs can be a real challenge. Only slightly more than 4% of dollars lent to small businesses each year are companies owned by women, according to a report prepared for the U.S. Small Business Administration and […]

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Capital and Cash Partner Accounts

What Capital and Cash Partners Need to Know About Capital Accounts If you want to borrow money to help start your business, when you go to a lender, they  will want to know you are invested in your new venture. Opening and maintaining a capital account proves to lenders that you have a stake in your business and you and your capital and cash partners aren’t likely to borrow money and not pay it back. Whether you are planning to establish a business as a sole proprietorship or a limited liability corporation, it makes sense to begin contributing to a […]

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What You Need to Know About Collateral Based Loan Products

Collateral is an asset one can use to secure a loan. When you go borrowing, you agree that your lender can hold something and trade it to repay their cash if you fail to pay back. It is through collateral that you can get huge loans, and better your chances of approval if getting a loan is proving difficult. Anytime you put some collateral on the line your lender reduces liability meaning you’re likely to enjoy better rates. How Does Collateral Work? Most times collateral is required when a lender needs assurance that in the worst case scenario, they won’t […]

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I Have Bad credit, What Business Funding Options Do I Have?

In the world of finance, your credit score means everything! The higher a person’s credit score, the higher their chances of qualifying for great credit offers from multiple financial providers. The opposite happens if your FICO rating is low—or if you’ve done nothing to build credit. But due to the tricky nature of life, it is difficult to run away from a low score, at some point, you’ll find yourself below the line.  So the remedy is to fund your company using means that will better your score when you’re good to push your business a level higher. Here are […]

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Say ‘No’ to the Bank: Where to Find Alternative Small Business Loans

While the small business lending atmosphere has been improving in the last few years, it is still a chore for these businesses to secure the funding they need. At first glance, traditional bank loans seem like the most obvious method of financing. However, more than 82 percent of small business loan applicants are denied business funding by banks. Banks have strict requirements that make it very difficult to be approved. Applicants must have a stellar credit score and collateral. Seemingly endless financial statements and records and a certain amount of time in business requirements also make the process lengthy and […]

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How Much Money Does Your Small Business Need to Succeed?

Cash is king when it comes to running a successful small business. To operate smoothly, you will need cash to pay salaries, fund marketing programs, purchase supplies and inventory, cover rent and invest in equipment, along with all other day-to-day expenses. But how do you know how much cash your business really needs? Do you have enough in reserve to weather unexpected financial situations and seasonal fluctuations? The following questions will help you analyze your current cash-flow and determine how much cash you really need: What does your cash-flow statement say? To find out how much cash your business has […]

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