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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

6 Important Loan Types for Your Business & Purchases

Do you have a striving business? Maybe you’re just starting or trying to move your existing business to the next level and you need to make urgent purchases, aren’t you? Whatever it is, access to additional working capital in the form of business loans, student loans, etc. is something almost all businesses and many people need at some point in their life. Let’s go through several options and find a reputable business funding provider in the U.S. Business Loans & Funding Options  Working capital can make or break your business. This is also true of people in need of financial […]

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PPP Loan Forgiveness Guide

Every business owner who applied for PPP funding had loan forgiveness in mind when they hopped on board. But up until now, only a handful know the leniency criteria and how to apply for it. With poor communication from loan providers and limited resources to refer to, most entrepreneurs now rely on incomplete info from their business counterparts or online sources. This guide will take you through everything you should know about leniency and the Paycheck Protection Program. What Requirements Must You Meet to Enjoy Leniency? PPP loans were disbursed in two phases but the loan leniency requirements are similar […]

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Minorities Claim It’s Harder To Launch And Grow A Business

According to a report by the US Federal Reserve, less than 47% of loan applications filed by African American business owners are approved. It was also found that more than 50% of companies owned by African Americans were actually rejected for business loans.  Although “black-owned firms” were more likely to seek financial help from banks, less than 47% of these applications were “fully funded”. Even more surprising, when black business owners did get approved for a business loan, the “rate of failure” to obtain financing in its full amount was the highest in all categories, exceeding 10%.  The rejection of […]

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Quick Financing Options for Small Business Owners

You encounter the real money challenges of running a business when you’re short of finances and in a tight situation that threatens to halt operations on your premises. Business financing is your safety during such times, and the quicker it comes, the faster you can fix the situation before it escalates into tragedy. So what are some of the fastest ways to get commercial funding to survive unexpected business expenses like equipment breakdowns, a pandemic, cash flow problems, or funding sudden growth opportunities? Invoice Financing Invoice financing is acquiring finances in exchange for your pending invoices. A business can finance […]

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PPP loans That Were Not Prioritized | Underserved Small Business Markets

In the crescendo of the pandemic, as businesses struggled to stay afloat despite tough economic times, most hoped the federal relief packages—the Paycheck Protection Program (PPP), in particular—would come to their rescue. But that wasn’t the case, according to KB and Katie Brown’s print business in Minneapolis. Even after applying with three lenders, they never received any Coronavirus relief loans disbursed between April and August. “It just doesn’t seem like the program was built to support small businesses,” lamented KB Brown, who is witnessing small companies in his Black-dominated and low-income communities suffer to their closure. “It’s bullshit.” Congress’s instructions […]

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Using Tax Relief to Your Advantage When Loans & Investments Take the Wrong Turn

What do you do when investments take the wrong turn and irrecoverable loans threaten to ruin your financial bottom line? Most people hardly think of tax relief, yet this is one of the best ways to recoup from such financial problems. COVID-19, for instance, has presented unprecedented financial challenges to businesses. Even the different relief programs and alternative sources haven’t held the fort for business owners who weren’t prepared for a sudden economic recession. If a business winds up in a catch-22 where it has to permanently reconsider its size and type of dealings – or quit the business altogether–many […]

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Top Business Financing Options that Allow You to Get Cash Fast

From unexpected expenses and cash flow gaps to new opportunities and growing pains, there are so many reasons why a business might need quick cash. In these situations, waiting weeks or even months simply isn’t possible. Due to their requirements and processing times, traditional lenders will not be able to meet your immediate needs. So, where should you turn? The answer is alternative lenders. While these lenders often have higher interest rates and fees compared to traditional options, they are much easier to qualify for. You won’t run into the stringent credit, documentation and collateral requirements. In fact, these lenders […]

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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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