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business loans Blog Posts

By First American Merchant

Feel free to give us a call for more info 1-800-210-5649

Business Loan Terms to Know When Applying for Funding

Different business loans come with different requirements. To be able to choose the right business funding for your business, you should be well equipped with the knowledge, including business loan terms, before entering the world of business financing.  Business Loan Terms & Funding to Know All merchants are looking for easy access to small business financing at the cheapest possible rates. No one likes long applications, complex repayment options, difficult-to-manage accounts, and a slow funding process. To avoid falling into a misleading situation where you can’t make the right choice, it’s important to learn business loan terminology. Annual Percentage Rate […]

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Business Loans to Overcome Hard Times & Crises

If you need working capital to overcome challenging times like the COVID-19-related situation, you can find more than one loan option to apply for. The right loan for your business can help you survive and move to the next level even when passing through hard economic times. So, if you need help with business loans from a reputable merchant services provider, keep on reading this post.  Business Loans to Survive Hard Times Almost all business owners face difficulties when trying to obtain access to working capital during critical times, let alone the high risk ones. The Federal Reserve’s 2019 Small […]

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The Benefits of Merchant Funding

If you are looking for more funds for your business, you may have come across the term merchant funding or merchant financing. This might be just what you need to pay for your expenses, pursue new investments, and position your business for future growth. What Is Merchant Funding? Merchant funding or merchant financing is basically financing for merchants. It is a general term that refers to any business financing for any merchant with a “credit card processing system”. Often, merchant financing can be referenced as merchant cash advances. This funding type takes repayment automatically via your credit card processing system.  […]

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Clever Ways to Finance Business Costs Not Included in SBA Coronavirus Relief Loans

During their inception, SBA Covid-19 relief loans were seen as the perfect tool to survive this unusual pandemic. But many business owners are coming to terms with the harsh reality as applications get rejected and loan terms get clearer. The CARES Act provided Coronavirus Relief Funding through two programs; the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). With possible federal loan forgiveness, the two funding programs seemed like the perfect deal until business owners realized that their terms can be unforgiving. For instance, small businesses have reported difficulties getting access to PPP loans. And those who are […]

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10 Strategic Hotel Financing Options During COVID-19

The hotel industry among others has felt the greatest negative impact of the COVID-19 crisis. Unfortunately, the economic uncertainties are still ahead. If you need financing for your hotel business, this article will help you with some hotel financing options during COVID-19. Hotel Financing Options During COVID-19 The decision to close hotels and several other businesses has brought a disruptive effect of the travel ecosystem. So, the tourism industry worldwide has been hurt a lot. The Federal Reserve has recently lowered the interest rates to a significant extent, and the prime rate was 3.25% as of March 20, 2020. This […]

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What Businesses Receive Alternative Small Business Loans, and Where to Turn for Help

At some point during the business startup process, business funding crosses every entrepreneur’s mind. Needing extra capital isn’t a matter of if, but when. Some business owners seek support from friends and family at first, but as their business grows, they find themselves in need of larger sums of cash to fund opportunities and expand their operation. Unfortunately, securing funding is easier said than done. There is a long list of business types and industries that struggle to secure funding for one reason or another. In fact, according to recent small business lending statistics, nearly half of all small businesses […]

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The Cares Act SBA Relief Loan Program | Paycheck Protection Program (PPP) Information

Take advantage of the Cares Act SBA Relief Loan Program The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and Employee and compensation levels are maintained. Payroll costs are capped at $100,000 on an annualized basis for each employee. Due […]

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What Is A Working Capital Loan?

Working Capital Loans are loans that are used to fund the everyday operations of a business. The purpose of these loans are not used to purchase major items like “long-term assets” or even investments, instead they are used exclusively for operational needs such as paying the rent, any debt, and payroll. They are considered “corporate debt borrowings”. Working capital loans are accessible in many forms. Some of them include: a term loan, a business line of credit, business credit cards that allow business owners to earn rewards, and invoice financing which is a type of short-term borrowing based on unpaid […]

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Tips to Avoid Anxiety While Running a Business

Running a business is stressful, and this is something all business owners face. So, the sooner you learn how to deal with stress and anxiety, the better. Let’s see how you can do it. Running a Business Isn’t Without Stress Owning a business can’t be without stress and anxiety. This is quite normal. In fact, anxiety represents one of the most common mental health-related conditions for business owners. If left in ignorance, anxiety in leadership can harm not only productivity but also the bottom-line revenues of your company. Stress management is of immense importance. However, having access to the right […]

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Merchant Cash Advances Explained

SME financing is an excellent way to deal with unanticipated business expenses or fund a project that will expand your bottom line. But funding alternatives are different in features, terms, and costs, and some options may suit your requirements better than others. An MCA, for instance, is a form of financing built to offer funding to a micro-business. Merchant cash advances are, in most cases, easy to win than conventional business loans, but they work differently than the latter. They are not even controlled by the same rules that regulate business loans. Even worse, there exist no rules governing the […]

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