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alternative small business loans Blog Posts

By First American Merchant

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Banks Losing Ground to Alternative Small Business Loans

It’s no more a surprise that alternative lenders are a striking alternative to big banks and are working on attracting more and more low and high risk merchants. Where can find low cost and reliable alternative small business loans for your company? If you’re interested in all these, this article is right for you. Alternative Lenders Are on the Rise New alternative lenders have emerged since the global credit crisis and are still emerging in the payments space. The non-bank or alternative finance field is an established source of funding for both low and high risk businesses. This is a […]

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What are Alternative Small Business Loans?

What if you could secure the funding you need for your business from a source other than a traditional bank? Just 10 years ago, the options businesses had for funding were incredibly limited. For certain business types and industries, it was next to impossible to secure the cash they needed. Today, the phrase “alternative lending” is much more common and has begun to really mean something to small business owners. It has become a very important part of the business financing industry. But what are alternative small business loans? Alternative lending is a broad term that includes many new small […]

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Common Methods of Financing Small Businesses

At one point or another, every business will encounter a situation in which they need more cash. Even the most successful, dedicated small business owner will face periods where there is not enough working capital to cover day-to-day expenses. Purchasing new equipment, supplies and inventory will also be difficult, if not impossible. This is where small business financing comes into play. It’s important to note that not all small business financing options are created equal. Your credit, time in business, available collateral, financials, business type and industry are just a few of the factors that will determine which option is […]

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A Business Owner’s Guide to Improving Time Management

Proper time management is a habit you develop gradually. There’s often more work than the time to complete tasks. And those who run a business know this better. We have work, households, friends, family, business and civic commitments, and the once in a while vacation, yet there’s never enough time to achieve everything we need and wish to do. Entrepreneurs are frequent victims of this situation. They often have to do more work with less time, and that’s the case for every budding company. Here’s a guide to help you keep operations going without straining. Do away with time wasters […]

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Alternative Small Business Loans Better Thank Bank Loans

Today, the world has become much more commercial than ever before. Sometimes, getting a loan for your small business may be of a challenge, especially if you’re a high risk merchant. What’s the advantage of applying for alternative small business loans? Let’s move forward and see. Why Are Alternative Small Business Loans Better Than Bank Loans? If you lack the necessary finances for your business, your business will stop growing. Also, it can push your business backward. Where to find the necessary funds for your business? Historically, business owners in need of working capital used to go to a local […]

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Say ‘No’ to the Bank: Where to Find Alternative Small Business Loans

While the small business lending atmosphere has been improving in the last few years, it is still a chore for these businesses to secure the funding they need. At first glance, traditional bank loans seem like the most obvious method of financing. However, more than 82 percent of small business loan applicants are denied business funding by banks. Banks have strict requirements that make it very difficult to be approved. Applicants must have a stellar credit score and collateral. Seemingly endless financial statements and records and a certain amount of time in business requirements also make the process lengthy and […]

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Holiday Product Trends and Loans for Your Retail Business

The holiday shopping season doesn’t technically begin until Black Friday, so it’s never too early for you, as a retailer, to discover what new and exciting retail trends are waiting for you in the 2017 holiday season. Black Friday and Cyber Monday offer a huge business opportunity. Online shoppers spent about $3 billion on Black Friday weekend in 2016, including almost $1 billion in mobile sales alone. In 2017, the top 3 retail trends that will impact the holiday shopping season are: Shopping from home The mall as you once knew is gone Companies are focusing on customer senses to […]

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Retail Inventory Management Tips for the Holidays

The holiday season accounts for 20% of the retail industry’s annual sales. It’s often responsible for up to 30% of some individual retailer’s sale. Based on 2016 ecommerce statistics, gift cards are the most desired holiday gifts. The biggest days of sales for retailers and ecommerce businesses are on the 22nd and 23rd of December. According to the National Retail Federation (NRF), holiday sales are projected to increase 3.6% – 4% for a total of $678.75 billion to $682 billion in 2017. This is up from $655.8 billion in 2016. Since holidays are such an important time of year that […]

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Why Was I Denied A Small Business Loan?

Receiving a rejection letter for a business loan you were counting on can be discouraging. Data from the Small Business Administration (SBA) reveals that nearly 50% of small business loan applications are rejected for a variety of reasons. Understanding the most common reasons banks decline loan applications can be useful for your own business endeavors. 1. You applied for the wrong loan product Some banks may specialize in a certain type of lending or industry. For example, a lender may choose to fund large corporations that reach a certain revenue threshold or carry a specific number of assets. Other banks […]

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How a Merchant Cash Advance Can Boost Your Business Esteem

So, you are a small business owner. You have committed your whole life in propelling your business forward. But as you might have noticed that it has become increasingly difficult to attain capital to grow your business in this day and age. Banks are becoming tyrants instead of actually helping businesses, they always seem to have a problem with everything. They will make you sign a dozen documents, put many restrictions on the use of the money you will get from them, and even after you are done with all the formalities, you still have to wait a while before […]

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