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Working Capital Blog Posts

By First American Merchant

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Any Idea What’s In Your Business Credit File?

Do you have blank credit files? This can create challenges for you as a small business or startup owner. If you think there isn’t anything negative in a blank credit file, it’s not true: empty credit files are as bad as bad credit ones, as Erik Simon, director of marketing and communications for Dun & Bradstreet Credibility Corp, a business-credit monitoring service provider, notes. Business credit information can play a crucial role since many companies, including lenders and insurance companies, take it into account while making decisions. So, your business credit, like your personal one, can help you when borrowing […]

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What You Need To Know About Payroll Loans

A payroll loan is also called a payday loan, payday advance, salary loan, small dollar loan, or a short-term loan. It’s a small, short-term unsecured loan. A payroll loan can be of great help when you need to access cash quickly and conveniently. A payroll loan can be described as a cash advance that a borrower can receive based on his/her employment status and income. The reason a payroll loan is also called a payday loan is that the amount the amount of the loan is typically scheduled for repayment upon getting paid by an employer. Things to Know Before […]

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Why Banks are Rejecting Your Application for a Small Business Loan

Whether they’re in need of startup financing or cash to cover expenses, the first place an entrepreneur typically looks is their local bank. Unfortunately, securing small business financing is a much more complicated task than many realize. According to the NSBA’s 2016 Year-End Economic Report, “Despite a significant shift in outlook, small business access to capital remains stubbornly unchanged with just 69 percent of small firms able to get adequate financing.” Many business owners fulfill seemingly endless requirements, only to find out weeks (or even months) later that they’ve been turned down. Setting them back to square one. Meanwhile, their […]

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What You Should Know About a Working Capital Loan

A working capital loan can be defined as a type of loan that aims to finance your company’s everyday operations. It’s not meant for purchasing long-term assets or investments. A working capital is designed for covering accounts payable, wages, and more. Working Capital Loans Usually, a working capital loan is the right option for those businesses that feature cyclical sales or have high seasonality. A working capital loan can be of great help during periods with reduced business activity. You should consider applying for a working capital loan if you need financing to cover your company’s short-term operational costs. It […]

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Getting Certified as a Minority Owned Business

Are you a minority business owner? If yes, consider becoming certified as a minority owned business. Government agencies and corporations are willing to conduct business and buy from minority owned companies, so being certified will make your business more appealing. The reason why corporations are willing to do business with minority owned businesses is that they realize that US minorities have great purchasing power. It’s no surprise that minority business owners may have a difficult time obtaining access to working capital to grow and expand their business. Fortunately,, a reputable business loan provider and high risk payment processor, offers […]

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Working Capital Loans | Pros and Cons

Working capital loans give businesses a great opportunity to generate capital and focus on business growth and expansion. To achieve success and take your business to the next level, it’s vitally important to have capital on hand so to be able to cover marketing costs, payroll, and any other financial expenses that you may come across within the daily operations of your business. Working Capital Loans A working capital loan can be defined as a specialized loan type that your business can receive. It can help you meet the everyday financial needs of running your business. If you draw a […]

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