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business funding options Blog Posts

By First American Merchant

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The Best Bad Credit Business Funding Options

Your business needs to hire a few more employees and purchase new equipment, but you have run into an obstacle. You need to boost your cash-flow to do so, but do not have the credit score you need to qualify for a small business loan. If you have found yourself in this situation, you are not alone. Many small business owners that have less than stellar credit struggle to find a lender willing to work with them. This can make day-to-day tasks incredibly difficult to fund, not to mention lack of capital can push your business into a dangerous cash-flow […]

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Four Things a Bank Won’t Let You Know When Applying For A Business Loan

Applying for business loans is one way to fix disturbing issues and keep operations running in your business. As an entrepreneur, having supplementary funding can help you move forward and set things straight in areas where you face challenges. However, it is wise to weigh different options when looking for lenders and financing options. While going for traditional banks may look like a feasible possibility, it is important to inquire the details of their loan options, application procedure and the overall process. Find out a few things a bank will not share with you when discussing a loan. On top […]

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Small Business Loans with No Credit Checks Do Exist

Are you interested in a startup business loan? Do you know what’s your credit score? Or maybe you don’t have a credit history? What about small business startup loans with no credit? Credit Scores Many Americans aren’t even aware of their credit score. In fact, apart from your Social Security number, your credit score is one of the key numbers you need to know. Your credit score determines whether you can be eligible for loans and what interest rates you’ll be required to pay. Issued by Fair Isaac Co., FICO scores are the gold standard of credit scores. As of […]

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Business Funding Options For Low Credit Score Holders: What is Out There For You

For many traders, bad credit is nearly impossible to avoid. Because a business relies on customer revenue, its loans and bills are rarely paid on time. And although the lenders and billing companies often give the merchant a few more days before branding it a late payment and invoking additional fees, credit reporting agencies usually update your credit file the minute you extend your stay with a loan or bill. That said, a merchant can’t afford to get frustrated when their credit score makes it hard to acquire funding. The best option is to look for alternative ways of raising […]

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Four Steps to Take When Your Customers Don’t Pay Their Bills on Time

Late payment is a problem that plagues the cash flow of many merchants and is one of the fastest ways to go out of business. Regardless of how successful or established, a major part of your job as a trader is to ensure that all transactions are completed on time. Of course, the billing policy you’ll employ will depend on your type of business. If you run a large-scale enterprise, for example, your clients will likely expect to be given at least a few weeks to pay their invoices. And although you’re often left with no choice, agreeing to their […]

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The Step-by-Step Guide To Business Funding Online

When trying to expand, ensuring cash flow, or investing in new equipment, you might want to obtain small business funding. You can apply for a traditional bank loan or look for alternative online lending options. Below you can read what you should take into account when looking for online business funding: When applying for business funding, be well prepared to explain the reason you need a loan. Prove you can pay back the loan. Both personal and business collateral can be of great help. Keep all your documents in order. Figure out which loan type best suits your business needs: […]

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Your Business Funding Success. Consider A Merchant Cash Advance

Undoubtedly, getting approved for traditional business funding is not easy. More than half of business owners who apply for a traditional business loan get rejected. Fortunately, alternative lenders have become popular in the recent years and provide a great opportunity for you to get the necessary capital for your business. Alternative lenders offer quicker access to capital. You can get your loan through an online application and transfer process. Based on your credit score, you can be approved for business financing in minutes and get your money within a day or two. Consider applying to for low-cost and reliable […]

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Where To Look For Small Business Funding

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 […]

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Choosing Alternative Funding Options For Your Small Business

With small business funding landscaping changing with rapid advances, modern business owners have more opportunities than ever before. Alternative lending has become quite popular in recent years. Nearly half to 2/3 of the businesses try to get business capital from non-bank sources and other places. The most important thing in this concern is to find the right option that will best suit your business needs. How Can Alternative Lending Help You? If you have financial challenges or there is a new opportunity for you to grow, alternative lending can be the best answer to the question. It gives you flexibility […]

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Staring A Business With (Almost) No Money

Starting a business is an exciting endeavor. Being fascinated with the idea of launching your product or service is not enough: you need to have enough finances. What if you don’t have the necessary resources? Even if it seems a major problem to you, you should find the best way out and focus on pursuing your dreams. Different businesses require different approaches. The important thing is to know how much you need before starting to find an alternative method to finance your business. Take into account the following factors: Do you need licenses and permits to operate? Are you going […]

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