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High Risk Loans Blog Posts

By First American Merchant

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

Business Owners Optimism Rocks! Get a High Risk Business Loan

Business owner optimism is the highest its been since 2004 US small business owners have never been so much away from pessimism over the 15 year in the history of the Wells Fargo/Gallup Small Business Index. What about you? Are you optimistic about your business? Do you need high risk business loans to avoid running into obstacles? This article will help you get easily funded and provide more info on the topic. Business Owner Optimism The Wells Fargo/Gallup Small Business Index survey is based on open-ended question that small business owners answer concerning their business. The quarterly survey held recently […]

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Eligibility Criteria For a Micro-Business Loan

There are three core types of business loans available for small businesses: bank loans sponsored by the Small Business Administration, loans from web-based lenders and microloans from nonprofits. Before you apply for any of these products, it helps to find out if your firm meets the lender’s criteria: Bank loan You need good personal and business credit to make the grade for an SBA-sponsored bank loan.  However, the SBA offers business loans ($5,000 to $5 million) through banks with the 7(a) loan program. To qualify, you’ll need to present: Span of Operation: Many online lenders require at least a year […]

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Millennial Entrepreneurs Hiring: High Risk Business Loans

The number of millennials considering themselves “entrepreneurial” is increasing all over the world. Millennials have the potential to alter everything in the workplace. So, hiring is a highly important aspect to focus on. This article will tell what millennial business owners need to know about hiring a great team. Also, you’d learn where to obtain high risk business loans easily so to grow your business. Tips to Hire a Great Team and Get High Risk Business Loans Millennials are on the fast track towards changing today’s workforce for the better. They’re more focused on work/life balance and like spending less […]

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High Risk Business Loans From FAM

These days there’s a lot more to business loans than applying and qualifying with your local bank that a newbie merchant may need thorough advice when it comes to seeking out one. With traditional lenders only willing to partner with retailers in low risk niches; you stand no chance if your new venture is high-risk. You will likely stumble upon the category “high risk business loan” in your desperate hunt for a micro-business loan. And from what you’ve heard; it is not likely the best product to settle for. But what factors make it a less-than-ideal commercial funding product, and […]

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What it Means to be a High-Risk Business

When you need cash for your company or business startup, your first thought is probably to apply for a business loan at your local bank. However, when your get there, you might have been surprised to find out that they are unwilling to work with you. You have all the necessary paperwork and a strong business plan, so why have they closed the door in your face? After asking a few more questions, you find out that your business is considered “too risky”. What is a high-risk business, and what does this label mean for your business funding needs? What […]

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How to Find a Small Business Loan with Bad Credit

While there are many reasons why a company might be categorized as “high-risk”, this typically means the business is operating within a high-risk industry and/or a risk of financial failure exists. High chargeback rates and limited time in business will also push a business into this category. If you are struggling with bad credit, your business will definitely be considered “too risky” to extend a small business loan to. So where can you go from here? How to Get a Loan with Bad Credit Depending on how bad your credit score is, it will be very difficult – if not […]

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Tips for Finding a High-Risk Business Loan for Your Small Business

If you have been searching for small business loans, you have probably run across the term “high-risk business loans”. Confused? What is the difference between the two, and how do you know which one is right for your business? Small business loans are very hard to secure. Applying for one with a traditional lender will likely involve extensive documentation requirements, collateral, financials, and long wait periods. For many, it is hours spent compiling information only to find out after waiting weeks (or even months) that they have been denied. One of the biggest reasons a business is turned down by […]

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Alternative to High Risk Business Loans

High risk classification puts small business owners in a situation where it’s rather challenging to get approved for business funding, especially from traditional banks and financial institutions. High risk lending options feature long wait for approval, requirements of collateral that could be repossessed in the event of a default, and a detailed business plan that borrowers should submit. Thankfully, there are reputable alternative online lenders like firstamericanmerchant.com that offer alternatives to small business loans. These alternative funding options are flexible, fast, and have fewer requirements. High Risk Business Loan Alternative A merchant cash advance (MCA), which is surging in popularity […]

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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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