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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

Is Your Loan Provider Selling You What They Marketed? | Small Business Financing

How would you feel if you found out that the financing you’ve wound up with isn’t what your lender promised? From MCAs to business credit lines, lenders have designed a long list of funding products for small and medium businesses. But not all products are okay for every financial need. Speaking to PYMNTS, Flo Capital Co-founder Ryan Ridgway feels there’s often a bait-and-switch trick that most lenders use to lure business. How Bait-&-Switch Works According to him, loan providers can “dangle the carrot” with a particular product, only to sadly offer a retailer a different product, which might not fit […]

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4 Steps to Get Your Small Business Loan Fast Financing

Running a business is one thing. Sustaining it is a whole other challenge. It requires meticulous cash flow management and availability of capital. At one point or another, every business finds itself in a tight financial situation. Sometimes, at no fault of their own. Whether it was uncontrollable economic changes or slow-paying customers, there comes a time when it is necessary to seek outside funding to keep operations running smoothly. Many business owners first turn to a bank loan. However, there are many alternative lending options today that business owners should consider. Before setting your sights on any one option, […]

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6 Important Loan Types for Your Business & Purchases

Do you have a striving business? Maybe you’re just starting or trying to move your existing business to the next level and you need to make urgent purchases, aren’t you? Whatever it is, access to additional working capital in the form of business loans, student loans, etc. is something almost all businesses and many people need at some point in their life. Let’s go through several options and find a reputable business funding provider in the U.S. Business Loans & Funding Options  Working capital can make or break your business. This is also true of people in need of financial […]

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PPP Loan Forgiveness Guide

Every business owner who applied for PPP funding had loan forgiveness in mind when they hopped on board. But up until now, only a handful know the leniency criteria and how to apply for it. With poor communication from loan providers and limited resources to refer to, most entrepreneurs now rely on incomplete info from their business counterparts or online sources. This guide will take you through everything you should know about leniency and the Paycheck Protection Program. What Requirements Must You Meet to Enjoy Leniency? PPP loans were disbursed in two phases but the loan leniency requirements are similar […]

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Minorities Claim It’s Harder To Launch And Grow A Business

According to a report by the US Federal Reserve, less than 47% of loan applications filed by African American business owners are approved. It was also found that more than 50% of companies owned by African Americans were actually rejected for business loans.  Although “black-owned firms” were more likely to seek financial help from banks, less than 47% of these applications were “fully funded”. Even more surprising, when black business owners did get approved for a business loan, the “rate of failure” to obtain financing in its full amount was the highest in all categories, exceeding 10%.  The rejection of […]

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6 Tips to Help Your Struggling Business Get Back on Track

Owning and operating a small business has always been challenging. From insufficient cash flow and poor business practices to a disengaged team and no customers, there are many reasons why a business might find itself on the road of no return. Regardless of the cause, if you’ve found yourself on this path, it’s time to get some guidance. You’ve now started the real test of entrepreneurship: the ability to make it through tough times – and we are definitely living in a time of uncertainty and obstacles. If this year has left you with a struggling enterprise, here are six […]

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Quick Financing Options for Small Business Owners

You encounter the real money challenges of running a business when you’re short of finances and in a tight situation that threatens to halt operations on your premises. Business financing is your safety during such times, and the quicker it comes, the faster you can fix the situation before it escalates into tragedy. So what are some of the fastest ways to get commercial funding to survive unexpected business expenses like equipment breakdowns, a pandemic, cash flow problems, or funding sudden growth opportunities? Invoice Financing Invoice financing is acquiring finances in exchange for your pending invoices. A business can finance […]

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Are Unpaid Invoices & Customer Debts Slowing You Down?

Monitoring and maintaining cash flow is an essential part of running a thriving business. Unpaid invoices and bad debts can lead to a business’s downfall. You need money to maintain operations, replenish stocks, and so on. A slight delay in cash flow can cause financial constraints and interrupt activities. The ongoing pandemic has further resulted in many cash flow hitches. Firms are struggling to stay open. And to counter these challenges, businesses have begun paying closer attention to cash flow issues by prompting their clients to pay on time.   A business is more likely to reduce bad debts by developing […]

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Prepping Your Restaurant, Pub or Bar to Thrive in the Post-Pandemic Era

Restaurant and pub businesses have long suffered under a year-long pandemic that seems to be commencing a second wave. The business environment has revolutionized so much that failure to notice the ongoing changes is almost bottom-line threatening. Now, brands in these sectors must make a complete transition from where they seek commercial funding to how they search, attract, and serve customers. According to a July poll by UK’s Food Standards Agency, 31 percent of consumers admitted they wouldn’t eat at a restaurant “for the foreseeable future.” That result marks a significant increase from June’s 25 percent.  Consumers are gradually switching […]

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Using Tax Relief to Your Advantage When Loans & Investments Take the Wrong Turn

What do you do when investments take the wrong turn and irrecoverable loans threaten to ruin your financial bottom line? Most people hardly think of tax relief, yet this is one of the best ways to recoup from such financial problems. COVID-19, for instance, has presented unprecedented financial challenges to businesses. Even the different relief programs and alternative sources haven’t held the fort for business owners who weren’t prepared for a sudden economic recession. If a business winds up in a catch-22 where it has to permanently reconsider its size and type of dealings – or quit the business altogether–many […]

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