Give us a call for more info 1-800-210-5649

Equipment Loans Blog Posts

By First American Merchant

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

The Pros and Cons of Equipment Leasing for Small Business Owners

A new year. The perfect time to assess where your business sits today, what went well last year, what didn’t go as planned, and how you can do better going forward. If you’re currently looking at the objectives for 2022, you are likely looking at your business finances as well. Any moves, big or small, typically involve working capital. For example, are you looking at buying new equipment to take your business to the next level and take on multiple or larger orders? If so, you’re likely going to need some financing for such a large purchase. As you look […]

Read More…

How to Secure an Equipment Loan with Bad Credit

The lack of equipment funding can be critical to keeping your business functioning. You may need it for expanding your business or keeping up with the latest trends in your field and being able to meet growing demand. However, what can you do if your credit makes it impossible or challenging for you to obtain an equipment loan from a traditional source? Let’s see.  Equipment Loan Thanks to working capital for equipment, you can obtain essential items without the need to pay large amounts upfront and using the last cash you have. However, there is a thing to focus on […]

Read More…

Buy or Lease: Which Way to Go When Seeking Business Equipment?

Should you buy or rent the business equipment? Well, opinions differ on which approach is best, but the decision is yours to make as the business owner. Many factors influence the decision to purchase or lease equipment; and entrepreneurs must never ignore these driving forces. That’s because each decision has its set of advantages and disadvantages. And some specific business situations may benefit from one approach than the other.  The Underlying Differences The key difference between purchasing and renting equipment is that the latter means temporary ownership which only lasts as long as the deal lives. Buying or purchasing, however, […]

Read More…

No Credit Check Equipment Financing: Are They a Reality or a Rumor?

It’s “all smiles” for the business owner when cash flow is perfect, and cash reserves are enough to fix any unanticipated financial problems. But a time comes when you hit rock bottom and seeking funding is your only way out. And when you begin the quest, one thing that clearly dawns on you is that credit score is a primary determining factor of your company’s financial fate. Most loan providers assess credit performance as part of their underwriting process before they accept your funding request. Fortunately, the rapid changes in the micro-business funding space have brought more business loan alternatives […]

Read More…

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 […]

Read More…

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 […]

Read More…

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. […]

Read More…

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 […]

Read More…

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, 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 […]

Read More…

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 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 […]

Read More…