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Business Funding Blog Posts

By First American Merchant

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3 Ways the Government Shutdown Affected Small Businesses

Much has been said about who has been harmed by the recent government shutdown – the longest shutdown in U.S. history. The shutdown began Dec. 22, 2018 and ended 35 days later. Hundreds of thousands of Federal workers who had missed two paychecks during the partial government shutdown were finally informed they would receive their back pay. In the midst of the shutdown and in the days after, not much was said about how the partial shutdown affected small businesses. Countless small business owners were also negatively impacted by the shutdown. The following are the top three consequences small businesses […]

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What are Alternative Small Business Loans?

What if you could secure the funding you need for your business from a source other than a traditional bank? Just 10 years ago, the options businesses had for funding were incredibly limited. For certain business types and industries, it was next to impossible to secure the cash they needed. Today, the phrase “alternative lending” is much more common and has begun to really mean something to small business owners. It has become a very important part of the business financing industry. But what are alternative small business loans? Alternative lending is a broad term that includes many new small […]

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2 Forms of Business Funding You Can Acquire in 24 hours

All small merchants need a reliable source of instant cash. Whether you’re sure you’ll meet bank loan requirements or not, nothing gives you financial confidence like knowing you can secure financing in as fast as 24 hours. Some opportunities are time-bound, so you won’t have the leisure of waiting for your bank to go through their long processes as you wait for a response— which may also be positive or disappointing. So where do you search when desperate for immediate financial backing? What are some forms of commercial funding that will work for your situation? 1-A Line of credit Lines […]

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Why Your Merchant Funding Request Was Rejected

For businesses operating on a tight financial situation, it is very frustrating to have a bank refuse your loan application. But it can also be the opportune time to rethink your submission strategy, learn your mistakes and come back prepared next time. The first thing a savvy business loan applicant does is to find out why the bank rejected them. Legally, your commercial finance provider should send you a denial notice and explain in it their reason(s) for taking that path, but only a few bankers go by the book. Nevertheless, these are the most common whys your submission didn’t […]

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How a Micro Business Can Network On a Tight Schedule and Budget

Savvy micro business owners can never overlook the significance of small business networking in making the critical connections they need to expand their firms. Interrelating with would-be business partners, shareholders, or clients promotes loyalty and a strong business rapport which later open up new doors. And so far, we’ve discovered lack of time as the major stumbling block preventing micro business owners from networking—it’s hard to spare some hours to attend conferences or events when you have a buzz of activities going on in the office. But because you can’t do without networking, here are great ways to make sure […]

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Online Lending Supervision: What DFS Recommends

New York’s Department of Financial Services or DFS proposed new rules and regulations in 2018. The aim was to significantly affect online lending. If you’re interested in all these new rules and regulations, as well as reliable and affordable lending over the internet, just read below. DFS on Online Lending Small business lending is developing with each year. The results of various surveys speak of this as well. Overall, online lenders are a striking source of business funding for merchants who aren’t found eligible for loans from traditional banks or other financial institutions. In 2018, the DFS introduced a report […]

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Bad Credit Loan: Poor Credit Isn’t the End of Your Business

Your dedication, passion, and hard work aren’t enough for growing your business. Having access to the necessary working capital is no less important. So, what can you do if you have a less-than-stellar credit score but are in need of reliable and affordable bad credit loan?  Here’s what you can do. Bad Credit Business Funding Business loans are among the most common funding sources for merchants all over the world. However, this doesn’t mean that all merchants can get easily approved for them. If you have poor credit, expect to meet some challenges when trying to get approved for business […]

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Business Funding for Landscape Business

Are you trying to figure out the best growth strategy for your landscaping business? What are the main tasks you’ll need to do in this regard? If you want to know how you can apply a more finessed approach to your business and where you can find business funding for landscaping business, just read below. Steps to Take When Growing Your Landscaping Business The landscape services industry boasts an annual revenue of billions of dollars. If you own a landscaping business and want to develop a successful strategy for growth, read the following tips: Start your landscaping business by acquiring […]

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Enhance Your Shop with Mom and Pop Business Funding

In a nutshell, risk is what stands between smaller businesses from borrowing money to increase staff, add new products, or buy a necessary piece of equipment. So, how does a smaller or less-established merchant, get the money they need. First, apply to alternative lenders instead of banks. They are not willing to accept the risk that comes with these types of businesses because they do not have collateral, enough good credit, and are too likely to go bankrupt. Due to these challenges, smaller businesses should pursue alternative lenders that are willing to help you fund the growth of your company. […]

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Get a Small Business Loan No Credit Check

Getting a small business without having to face a credit check is possible just do not expect to get the financing from a traditional lender, like a bank. Approving financing for a speculative business without collateral and good credit is something banks do not want to risk. Banks consider merchants in these categories as “high risk,” which basically means a number of factors, such as a reputation for excessive chargebacks or their industries, they may be less likely to pay back the money borrowed. Therefore, the best way to get a small business loan no credit check I to apply […]

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