68% of shoppers looking for financing prefer researching it online. Only 49% of shoppers know they can obtain financing in-store. According to 77% of consumers, financing influences where they shop. About 100 million Americans have less-than-prime credit scores. Consumer Finance Loan What is a consumer finance loan or CFL? It’s a type of subprime loan that borrowers get from consumer finance companies. Consumer finance loans are designed for those who have less than perfect credit. Also, those who have difficulty obtaining credit to purchase something that is out of their monetary range can apply for a consumer finance loan. Thanks […]

As a businessperson looking to set up a card payment service, you might view your account provider as only a vendor that provides business solutions and charges a fee. But these companies are more than just payment processors. Both the merchant and the provider shake hands with the same goal in mind: to realize more credit card purchases. For the payment service company to be successful, the merchant has to be successful. This shared focus means that both sides have to work together. A merchant account relationship is, therefore, built on more than just a signed document. It is a […]

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 […]

Without money, you can never take your business off the ground and make your dreams come true. First of all, you should find the necessary business capital to fund your startup so to be able to focus on product development and marketing. If you’re interested in how you could get business financing for your startup, consider one of the options mentioned below. Before you’ll go through all these options, consider turning to a reputable business loan provider like firstamericanmerchant.com. First American Merchant (FAM) offers the best business funding opportunities in the field. As a reliable payment processor, FAM specializes in […]

Nearly all businesses of the same scale have the same key goals across different industries. According to a 2016 Q4 survey, small businesses want to see improvement in business efficiencies, increase profitability, spend less time on the actual business and generally see business growth. A small percentage of these businesses are already actively employing measures to attain the desired growth. A larger percentage of them are however aware of what they need but are yet to make any notable steps toward achieving the same. They need to make changes that will enable them to either expand their customer base or […]