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business lines of credit Blog Posts

By First American Merchant

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The Best Places to start a business in 2022

You feel it’s the right time to start a business, yet you find it hard to decide where to locate the business. As an entrepreneur, you will need a  place that inspires you and gives you space to grow over time.  When you finally get your idea, identify your capital financing option, and formulate a dedicated business plan, opportunities and places to start the business are limitless. We will look at three easy places to start any business. At home Starting a business at home is much easier today than in the past years. Globalization and technology have tremendously improved […]

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Your Business Credit Score Sucks. Here’s What To Do About It

Business credit scores, also known as commercial credit scores, are those used by lenders to determine whether you will be financially responsible enough to pay back a loan. Usually, these scores fall between 300 and 850, and they go up as you prove yourself as a dependable borrower. How Do Credit Agencies Determine Business Credit Scores? Business credit scores like personal FICO scores are determined by the three main credit reporting agencies, TransUnion, Equifax, and Experian. These companies collect data about all consumers and businesses in the United States.  The information these agencies gather includes public records, court filings, liens, […]

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Merchant Cash Advance: Everything Your Small Business Needs to Know

Unpredictable events, changing consumer trends and unexpected costs. It’s safe to say business owners today have a long list of challenges stacked against them. With few business financing options available, many companies are turning to alternative cash solutions like the merchant cash advance. What is a Merchant Cash Advance? If you’re unfamiliar with this financing tool, a merchant cash advance (MCA) provides businesses with quick cash – much faster than a traditional lender is able. An MCA provides your company with a lump sum of cash in exchange for a portion of future credit and debit card sales. The repayment […]

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Business vs. Personal Loan: 4 Reasons to Opt for Business Loans

At one point or another, every entrepreneur and established business owner faces the issue of funding. There is a long list of reasons why a company may need additional capital, from rapid growth and expansion needs to unexpected costs and new trends. The big question is, should they turn to a personal loan, or should they reach out to a business lender?  Some business owners shy away from traditional and alternative business loans because of the perceived risk, debt and interest involved. In reality, there are many advantages in using the right lending option for start-ups, small businesses, and large […]

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The Differences Between Unsecured, Secured and Prepaid Business Credit Cards

Just like when seeking a merchant loan, credit experts strongly advise that you compare your options carefully before placing a finger on the business credit card to use for your company. Therefore, the best credit card for your small business depends on your business’s needs. The most common commercial credit card types are unsecured, secured course, and prepaid business credit cards. Discover the differences between these three card types below. 1-Unsecured Business Credit Card Unsecured credit cards like unsecured loans are issued by card providers, e.g., Visa, American Express, or MasterCard to offer retailers a collateral-free line of credit. Your […]

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Understanding How a Business Line of Credit Works

Businesses, especially smaller, newer ones, need to be prepared for uneven cash flows, unexpected expenses, and changes in customer buying habits. A business line of credit provides you with safety net for these types of expenses. Get to know how a business line of credit works and how it can work for your business. What is a Business Line of Credit? A business line of credit is neither a small business loan or a business credit card. But, they are all similar in some ways. Like a small business loan, a line of credit does not require collateral and you […]

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Apply For Business Lines of Credit

Business funding is important for any type of business. Business financing can help you adapt to changes in the field, especially in times of growth or uneven cash flow. If you need ready access to cash and flexible terms that’ll allow you to repay borrowed funds, business lines of credit can often be the best option to choose. Just read below and you’ll learn more. Business Lines of Credit It’s critical for small businesses to keep operations going smoothly while experiencing ups and downs of sales. This also refers to seasonal changes and occasional cash flow shortages. Many businesses choose […]

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