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business loans Blog Posts

By First American Merchant

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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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The 5 Benefits of Merchant Cash Advances

If you are a small business in need of capital, you may have noticed that your options for securing extra financing are greatly limited. It is generally standard for new small to medium-sized businesses to have great difficulty in finding a bank willing to lend them money.  New businesses simply don’t have the credentials and track record that lenders require to prove their trustworthiness. However, there is one solution that can be worth considering if you have been denied a business loan, and that is a merchant cash advance. A merchant cash advance (MCA) is a cash advance based on […]

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4 Things to Consider Before Getting a Business Loan

Taking out a business loan can feel almost like a leap of faith. Business owners can be hesitant to pursue this option because of a worry that they won’t be able to handle the payments, a negative connotation of receiving outside help for their business or just an aversion to the whole process. It’s true that you shouldn’t go into taking out a loan blindly, but with the right planning, a business loan can go a long way in increasing your profits. In fact, NDP Analytics’ report on The Economic Benefits of Online Lending to Small Businesses found that for […]

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A Guide to Merchant Cash Advances

If you are in urgent need of commercial financing to keep your small or medium business on its feet, you should choose from the many flexible alternative types of financing to help address your specific needs. A merchant cash advance is one such innovative way to acquire funding. The product hasn’t been around for too long— at least not as long as loans and credit lines, but savvy merchants are already making the most of it. Cash advances are comparatively easy to acquire; they offer hassle-free settlement terms and can help you bridge the gaps left by other forms of […]

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Guide to No Credit Check Business Loans or Funding

Modern businesses are often faced with economic ebbs and flows and enormous changes. This makes even established companies end up with less than perfect credit scores. Though it’s not easy to find a business lender that doesn’t check your credit, it’s not the end of the world. With a reputable business funding provider, you can enjoy no credit check business loans that can help you grow easily. Business Funding Landscape: No Credit Check The small business lending landscape is no longer the same as it was years ago.  Of course, not all challenges are eliminated. However, today’s merchants are in […]

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