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cash advance Blog Posts

By First American Merchant

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From Restaurant to Food Truck | Get a Cash Advance

Are you planning to start a food truck business? Why not join the food truck craze that some of the biggest brands have already done? Why not follow TGI Fridays, McDonald’s, and In-N-Out Burger? This article will tell you the nuances associated with food truck businesses. Also, you’ll learn where to get exceptional funding like a cash advance for your business. Expanding Your Restaurant into a Food Truck You may have heard that lots of restaurants have taken their first steps as food trucks and then chosen a physical location for them. Did you know that the opposite trend offers […]

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A Merchant Cash Advance Isn’t a Business Loan

Are you a small business owner in need of capital now? Does a merchant cash advance (MCA) look like a good deal? What is an MCA? How can it help your business? This article will tell you about this. What Is a Merchant Cash Advance? Merchant Cash Advances (MCAs) date back to the 1990’s. Businesses in the MCA sector became the pioneers in the alternative lending field. Thanks to an MCA, you obtain upfront working capital in exchange for a percentage of your future credit card sales. The advance is covered through the automatically deducted percentage (a set percentage) of […]

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Having Problems Closing Cash Advance Deals Because of Declines?

Merchant cash advance (MCA), a highly popular alternative to traditional business funding, is a form of online lending. Much of the selling of MCAs happens offline by brokers who call and visit clients. Merchant cash advance lenders aren’t the only ones who choose to work with brokers to connect with customers. Financing companies offering short-term small-business loans rely on the same independent broker networks as well. Merchant Cash Advance There’s a popular belief that a merchant cash advance is a short-term loan or a high-interest advance. In fact, it’s not true: an MCA is simply a sale or a purchase […]

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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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Online Lending Industry Regulation

Top federal bank regulator Thomas Curry, US Comptroller of the Currency, last year told marketplace lenders in Washington D.C. to expect a tougher regulatory framework for the industry. The Office of the Comptroller of the Currency would be collaborating with other regulators. Tougher Regulatory Guidelines Tougher guidelines are in line with those that govern the rest of US banking. Calls for such guidelines followed an explosive expansion in the online lending industry and a series of high-profile missteps. The OCC reports, in 2015, so-called marketplace lenders generated about US$29bn of consumer loans, which was a six-fold increase from 2013. Some […]

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Loans Vs Cash Advances Vs Factoring

Are you looking for a financial product for your small business? Make sure to choose the right financing option so to get the best for your business needs. With a carefully chosen financial product, you’ll be able to make your situation better and take your business to new heights. Let’s see how small business financing options differ from each other so that you can make the right decision. Small Business Loans Small business loans report to the credit bureaus about the credit of your business They require a good FICO score You can be required to use all your company […]

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5 Truths about Working Capital and Small Businesses You Need to Know

Working capital is the lifeblood of every business, big or small. However, it isn’t always easy to know where to find it – or is it? Consider the following five truths about working capital. You might be pleasantly surprised to discover how simple it can be to find and secure working capital for your small business. Banks are not your only – or even best – solution Banks are rarely an effective solution for small businesses in need of financing. In reality, banks are routinely reducing the lines of credit they are willing to extend to small businesses. Even if […]

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Need Small Business Financing? Apply Online in Minutes

It never really seems to be a question of if your business could use extra funds; it’s usually more about how it could benefit from extra funds, when your business needs it the most and where you can get it. There are many different ways to externally fund your business, but not all of them will suit your specific needs and situation. Consider the two ways you can externally fund your business: debt and equity. If you choose to use debt, you will retain ownership of your company with an obligation to repay the investor. If you choose equity, you […]

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Working Capital Solutions: 4 Financing Options for Small Businesses

The need for extra working capital often hits you when you least expect it. Unfortunately, securing funds is not always easy for the small business. Traditional lenders involve long wait times for funding and seemingly endless documentation requirements. If your business type or industry is categorized as “high-risk”, the bank might refuse to work with you before you even get started. Thankfully, there are more alternative financing options than ever before. The option you choose should cater to your specific needs; such as, your business’ unique situation, how much capital you need and how quickly you need it. If you […]

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What YOU Need To Know Before Getting a Cash Advance

There are plenty of good things about a cash advance… and a few bad ones. Below are the key things you need to know before obtaining a cash advance. Fixed Fee (also called the Buy Rate or Factor Rate): This number is how much you’ll eventually have to pay back. Generally it’s written with a decimal point (ex: 1.30), but you might also see it as a percentage (30%). The math is pretty simple: you get the number you’ll have to pay back by multiplying the cost of your advance with the fixed fee. For example, on a $1,000 loan, […]

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