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High Risk Loans Blog Posts

By First American Merchant

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Small Business Tasks You Can Outsource

Outsourcing is a great means for startups or small businesses to reduce costs so to shift more revenue to operational growth and free up time. Outsourcing can account for continuity, and help you control your operational expenses and risks. Here are 12 tasks you can easily outsource to avoid making a critical mistake, save time, and focus your attention on your core business. Administrative Tasks: Appointments, Scheduling, and Answering Phones Small tasks can take most of your time each day. Outsource your administrative tasks so to be able to focus on the core processes of your business growth. Bookkeeping Avoid […]

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11 Business Development Tactics for Your Small Business

Who doesn’t want to control a large portion of the market, and wield much influence and power? There are several important growth strategies that small businesses can apply to expand their operations and occupy a larger share of the market. Here they are: Having a Strong Plan You’re the owner of your business and you have the necessary information about operations, finances, market conditions and other important issues related to your company. This knowledge can help you determine when and how your business should expand. By building a strong plan, you can avoid the negative effects of poorly managed growth. […]

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Hard Vs Soft Credit Inquiries. Do They Impact Your Credit?

Those who have applied for a small business loan, taken out a mortgage, or signed up for a business credit card, know what credit check or credit inquiry is. A credit inquiry helps lenders and financial entities determine whether you can be eligible for loans or whether they can approve you for home rental, credit card, and so on. Credit Inquiries and Credit Scores Credit inquiries stay on credit reports for a maximum of 24 months (2 years). They’ll only affect your FICO credit score for a maximum of 12 months. To get a better idea of how credit inquiries […]

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Loans Vs Cash Advances Vs Factoring

Are you looking for a financial product for your small business? Make sure to choose the right financing option so to get the best for your business needs. With a carefully chosen financial product, you’ll be able to make your situation better and take your business to new heights. Let’s see how small business financing options differ from each other so that you can make the right decision. Small Business Loans Small business loans report to the credit bureaus about the credit of your business They require a good FICO score You can be required to use all your company […]

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How to Keep Your Business and Personal Credits Separate | Why Is This Important?

Many small business owners don’t keep their business and personal credits separate and use personal credit to run their business. In fact, acting like this could put you at risk if your business sinks. Moreover, today, many creditors don’t rely only on personal credit when judging a business’s financial health. The thing is that personal credit doesn’t serve as an ideal indicator of business behavior. So, from the aspect of legal liability, it’s important to separate your personal and business finances. Building a credit profile for your company, separate from your personal credit history, can help you access 10 to […]

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Low Risk vs. High-Risk Business Funding

How to get funding is often at the top of any entrepreneur’s list of challenges. From getting a business off the ground to attracting customers to hiring staff and expanding, an enterprise is almost always in need of capital. Thankfully, the last few years have seen a tremendous increase in the number of financing options for both new and existing businesses. Today, the bank isn’t the only choice of funding at a merchant’s disposal. That said, not all business owners find it easy to acquire funding. Small businesses, in particular, are known to suffer rejections by lending institutions, while other […]

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