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Merchant Cash Advance Blog Posts

By First American Merchant

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The Recession: Is it Good For US Small Businesses?

The recession, as we call it, is a time of opportunity for some and a time of trial for others.  For the daring entrepreneur, it is an opportunity to start a business. For others, it is a time to wind down and take a break from entrepreneurship. And this makes sense because businesses cannot always get the resources they need to run operations and fuel growth. Most retailers don’t understand how a recession can be a good thing.  Yet it gives a business owner a chance to test their company’s strengths and weaknesses during difficult economic times. Why a Recession […]

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When is the Right Time to Seek Business Funding?

The moment you decide to go out and seek funding for your business is a significant milestone in your entrepreneurial journey.  It’s easy to get caught up in the excitement of starting a new venture, but it’s crucial that you take the time to consider how seeking funding will help or hurt you.  You want to ensure that your business has the best chance at success, so you must weigh all of your options and make an informed decision about what kind of funding is right for your company. When is the Right Time to Seek Business Funding 1. Your […]

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New to Merchant Cash Advances? Here’s Everything to Know

Merchant Cash Advance (MCA) is a loan alternative that allows you to get funding without getting approved for a conventional loan. If you’re money-hungry and need quick cash, an MCA may be the product for you. For those new to the world of merchant cash advances, the following is a basic introduction to the funding product.  Cash Advance: What is it? How Does it Work? An MCA is not a loan. It is an advance on your future sales.  A merchant cash advance is a type of funding where a merchant agrees to sell a portion of their future sales […]

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Merchant Cash Advance: Definition, How it Works, Types & Possible Downsides

Merchant Cash Advance(MCA) is a term used to describe a type of loan that allows you to use your cash flow to make purchases for your business.  These are small-dollar loans, typically with an interest rate between 15% and 24%. You can take out as little as $5,000, but some providers give out much larger amounts. How Do Merchant Cash Advances work? This type of loan works similarly to a credit card advance, but instead of using your credit card balance as collateral, you use the current value of your daily/weekly sales as collateral. Merchant cash advances are typically paid […]

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Is Instant Approval a Real Option for Merchant Cash Advances

When it comes to choosing a merchant account provider, it really is a game of the sooner the better. This is why many business owners are tempted to jump at claims of “instant approval”. These claims are often made by high-risk merchant providers dedicated to providing fast services that help small business owners. But should you be swayed by these claims? Will they really provide the quick solution you’ve been needing to operate smoothly? To determine if this option is right for you, let’s take a closer look at what this term really means and how it can impact your […]

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The Struggle for Women and Business Funding

Things have come a long way for aspiring women entrepreneurs in terms of business funding and financial freedom. Even so, there is still a significant gender gap that causes challenges for women hoping to launch their business ventures and fuel growth.  In fact, until 1988, women entrepreneurs were required to have a male co-signer to take out a business loan. Fast forward to today, 49 percent of all businesses in the U.S. are owned by women – yet women business owners account for just 27 percent of business loan applications as of 2020.  Women-owned businesses are also known to receive […]

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3 Tips to Boost Your ISO Merchant Cash Advance Sales

Within the business lending space, ISOs and agents work as an intermediary between business owners and the funding companies that provide capital directly to them. ISOs offer several different financing options, from short-term loans and merchant cash advances to lines of credit. ISOs have played a vital role in the growth of the small business lending industry, serving as the eyes and ears of funding companies. Our team has put together a guide intended to help ISOs secure the information they need to succeed: Strong Sales Methods for ISOs As with any venture, getting qualified leads is the first step […]

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Merchant Cash Advance. Is It Right for Your Business?

The merchant cash advance industry is growing. The number of business owners choosing this type of funding solution over other financing options is on the rise. In fact, an MCA isn’t a loan: it’s a purchase of your future sales. If you want to learn more about MCAs and discover the right MCA provider in the U.S., stay on the page.  Merchant Cash Advance (MCA): What It Is and How It Works Thanks to an MCA, you receive financing based on your future credit card receipts. The MCA provider takes a portion of your future credit card sales on a […]

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To Get a Merchant Cash Advance or Not. That’s the Question.

As an alternative funding option, a merchant cash advance (MCA) is ideal for those who need quick access to working capital and lack good credit history. Let’s reveal more about MCAs and see who can best help you with a reliable and affordable cash advance.  Merchant Cash Advance: How It Works When applying for an MCA, you receive a lump-sum payment for a specific amount. To make repayments, you should give the MCA provider the right to participate in your business’s credit card sales.  The part that the MCA provider takes is known as the “holdback.” The latter’s amount gets […]

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Why Business Loans are Difficult to Get

Getting a merchant loan is one thing, but getting the loan denied is devastating. Several factors keep you from getting a business loan, and bad credit is the major problem, though they are preventable.  Ways of boosting your credit score and enhancing your approval chances  If your credit history reveals that you cannot repay your debts, you will have difficulty obtaining a business loan. If you have recently filed for bankruptcy, you may find it hard to secure a company loan because you have no history of repaying bills. Your creditors will hesitate to offer you money when you file […]

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