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Equipment Loans Blog Posts

By First American Merchant

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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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Looking for a Business Loan?

Small business owners are increasingly looking for reliable sources of financing that meet their business needs and can help them extend their capital to business ventures with greater potential. If it’s difficult for you to find the right business funding for your startup, you should turn to true professionals in the field who understand the challenges associated with finding business financing. It’s critical for merchant seeking business capital to turn to a reputable business loan provider like First American Merchant can help you sustain and grow your business. With FAM, you can enjoy secure and reliable payment processing. First […]

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Get Realistic About Small Business Loans

Entrepreneurs who look for business funding to fuel their business ideas should be quite realistic about this. If you’re a business owner with low budget who is seeking a business loan, you have to make a 180-degree attitude adjustment about how you were approaching your lender strategy. First, you have to cut every cost that don’t make any sense and you can’t cover personally. If you see there is no room for empty expenses, you should get your costs way down. So you won’t be obliged to apply for a large sum of money. Second, your own money habits indicate […]

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Where To Look For Small Business Funding

Some business owners use their own resources to finance their startups. Others need additional capital from an outside source. Modern lending landscape is constantly developing, and there are more financing options available to small-business owners nowadays than ever before. Today, non-bank online lenders offer more choices to business owners. It is important to evaluate the pricing, terms and rates offered by each lender and make the right decision. Below you can find the top things to take into account when evaluating lenders: Comprehensive Small Business Offerings Research and assess all the available options. Look for resources that will help you […]

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When To Seek Funding For Your Business?

Timing is everything for your business. You, as a business, should figure out when it’s time to get business financing and what should be done for this. Here are several important points to focus on when applying for business funding: Good Personal Financial Track Record Make sure all your bank statements reflect fiscal responsibility. Your financial history is important for most lenders. Have a track record to show a consistent payment record. A Realistic Business Plan with Projections for Expansion When it comes to your business plan, prepare a solid business plan that demonstrates how you’re planning to navigate your […]

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What to Look For Small Business Funding Options

Some business owners use their own savings or finances to fund their startup, others may need additional resources from an outside source. Happily, small business owners have a myriad of small business funding opportunities nowadays, and the landscape goes on evolving with rapid advances. Alternative or non-bank online lenders provide more choices for business owners in recent years. It has become extremely important for entrepreneurs to evaluate the terms offered by lenders so to choose the right option for their business. Below you can find several important factors that can help you evaluate your potential lender. Speed and convenience are […]

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Can Your Industry Benefit From Equipment Loans?

When companies fail, many business owners blame a lack of funds. Companies need working capital in order to benefit from opportunities that can be used to grow and expand their businesses. Working capital is necessary for the acquisition and maintenance of new equipment. If your industry is sure capital investments can always save the situation, a lack of capital might be the greatest threat to your company. Can Your Business Benefit from an Equipment Loan? Some businesses can be classified as more capital-intensive. Others tend to take advantage of equipment business loans offered by platform lenders. To obtain quick business […]

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