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Equipment Loans Blog Posts

By First American Merchant

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

Equipment Financing vs. Leasing, What You Need to Know

Are you confused about the differences between equipment financing and leasing? Are you unsure which assets are considered “equipment”? The following information will answer the important questions you have, and help you determine which option is right for your business. Equipment Financing Equipment loans are available from a variety of sources, including: commercial banks, credit unions, online lenders and government-backed SBA loans. You might be able to use the equipment itself for collateral, depending on the nature of the equipment and the lender. In some cases – depending on the type and cost of the equipment being purchased – equipment […]

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Equipment Leasing Financing

Optimize Cash Flow with Equipment Leasing Financing If you are ready to maximize the potential of your assets and you own heavy equipment and machinery, you may want to consider entering into an equipment leasing financing agreement. This type of loan is a great way to free up working capital or unload some debt. When you enter into this type of agreement, you sell your equipment with a finance company, which then allows you to rent your equipment back to you for an agreed upon monthly payment. Your use of the equipment is not interrupted when you enter into the […]

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What is a Lease Purchase?

At times buying big ticket products, e.g. furniture or computers may not fit into your tight budget or timeline. But you don’t have to fret now that lease purchases are now available. The lease to purchase allows you to lease an item, with an option to buy, for an affordable weekly, bi-weekly or even monthly payment. In a nutshell, you only need to pay a processing fee. No credit or down payment is required which makes it a more accessible option for those that find it hard to access loans with a poor credit score or a fluctuating income history. […]

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How To Make a Merchant Cash Advance Work To Your Advantage

Merchant cash advances are among the most popular methods of raising quick capital for business. By definition, an advance is an immediate financial advancement, which is given to a merchant in exchange for a share of future credit and debit card receivables. A MCA shares a few similarities to a loan, most importantly the aspect of paying back the money borrowed by the end of a stipulated time. However, it’s often a great alternative to a bank loan because it allows for much needed financial flexibility, provides immediate funding, and is quickly processed. Nevertheless, MCAs still need repaying. Before applying […]

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Business Loans Without a Credit Check. Don’t Lose Your Chance!

Have you got bad credit? Don’t fall into desperation! Bad credit doesn’t mean you have no chances getting approved for business funding. You can obtain a loan even if you have bad credit. All you need is to find a reputable business loan provider that offers loans for your bad credit or without credit check. Consider turning to firstamericanmerchant.com, an award-winning business loan provider and a payment processor that specializes in the high risk sector and has an A+ rating with the BBB. Are You a High Risk Business or Have Got Bad Credit? Even though your bad credit can […]

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The Best Merchant Cash Advance Loan

To get access to working capital, you should find a reliable and trustworthy business loan provider to turn to. If you’re interested in merchant cash advance companies, consider applying to firstamericanmerchant.com. First American Merchant is a reputable and award-winning business loan provider and high risk processor that can help you take your business to new heights. First American Merchant offers: Merchant Cash Advance ACH Program High Risk Business Funding Consumer Financing With FAM, you can enjoy the following benefits of merchant funding: Fast Funding – You can have funds in your bank in as little as 72 hours. No Hassle […]

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Need Cash For Marketing? New Inventory? You Need a Merchant Cash Advance!

If you’re like many online business owners, you dream of receiving a chunk of money to fuel your success. But, the question is what do you really do with an infusion of cash? With the economy gaining traction and more opportunities for obtaining a loan or a business cash advance than ever before including First American Merchant, peer-to-peer lending, and crowdfunding, business owners definitely have the ability to obtain funding. How borrowed money is used can literally make or break your business. Spent wisely, it can be the key to generating more profits and taking operations to the next level. […]

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4 Important Reasons You May Need Business Funding

As an entrepreneur, you may need business funding to grow and expand your business since your success is based on your growth. Below you can find 4 reasons your startup may need business financing. Get More Help If you’ve started your business alone and you’re playing every role in your company, you are likely to need more people on board who will help you with your business, otherwise, you won’t have time to pay enough attention to your overall business vision. With the help of a new staff, you’ll reduce the number of tasks you embark on and will be […]

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8 Negative Factors Banks Will Focus On When Issuing A Loan

When applying to a bank for business funding, you should be aware of all the factors that may cause a bank to reject you. If you think there are factors that will make it difficult to get approved for a loan, take the necessary steps before applying for it. Poor Credit or Lack of Credit You should have a good credit history when applying for a bank loan. As a rule, you’ll get approved for a bank loan if you have a personal credit score between 680-720. Also, you should prove you can manage your budget appropriately by showing, e.g., […]

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Does Your Business Have Cash Flow Problems? Here’s How a Merchant Cash Advance Can Help

Cash flow impediment is one of the biggest problems businesses, especially young ones, face every day. A merchant can have slow cash flow because of several factors, some of which are outlined below. Weak sales Traders who are not selling enough to satisfy their target and meet expenses are already experiencing cash flow issues. Reasons for a reduction in the number of daily transactions can range from poor business management to an unexpected change in the market, such as the entry of a dominant competitor. It is also common for new businesses to suffer low sales in the first few […]

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