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high risk business loan Blog Posts

By First American Merchant

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

Where to Get a High Risk Business Loan

If you’re labeled as a high risk merchant, you can still explore high risk business lending solutions for your company. Today, there’s a myriad of alternative high risk business loan options that you can use to get the necessary financing for your high risk business. Let’s move forward to find out more. Where to Get a High Risk Business Loan Having easy access to the necessary funds is among the top issues any business owner can face. This is especially true of merchants tabbed as high risk. High-risk business financing options such as merchant cash advances (MCAs) are a great […]

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A High-Risk Classification Should Not Stop You from Expanding Your Bottom Line

What setbacks do a business listed as ‘high-risk’ face? In truth, the downsides of being categorized as a high-risk company are numerous. But it is not always your mistake— the authorities consider these sectors as risky because of the nature of activities or products they handle. But these merchants, like their low-risk counterparts, are just business owners looking to venture into a niche they find unexploited and make profits out of their efforts. Among the growing pains of a high-risk entity is payment processing because processors are unwilling to onboard these merchants. Payment processors would rather stay away from these […]

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How to Effectively Manage Being a High Risk Business

You’ve recently found out that your business is considered “high-risk”. Suddenly, many doors that were open to you are closing. The task of running your small business just became even more challenging. But what does it really mean to be high-risk? And is there anything you can do about it? In some cases, being categorized as high risk is not the result of anything you have done. In other cases, it is. Some industries are simply riskier than others, which causes many banks and traditional lenders to turn you away. If your business is new, it can also place you […]

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Need Funding with Bad Credit? High Risk Business Loan 2019

You need low cost, flexible funding options, don’t you? Well, what to do if your credit is far from being excellent? This article will show that obtaining a bad credit business loan or funding isn’t as frustrating as you may think. Also, you’ll know how you can get a high risk business loan with ease. Small Business Funding with Poor Credit Serving as a calling card for your business, your credit score shows you haven’t been an excellent “manager” of your finances. The truth is that 500 – 550 (FICO score) will definitely put some rocks on your way. However, […]

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Get a High Risk Business Loan Before Interest Rates Climb

In September, the Federal Reserve raised the interest rate for the third time this year to between 2 percent and 2.25 percent. Officials expect it rise again in December, and at least two more times in 2019. See, the Fed shifts the rates whenever it wants to trigger a change in the economy. The hikes are a good sign that the central banks have confidence in the economy. The Fed plans to raise the rates again to a neutral level that seeks to neither spur nor slow economic growth. As the economy expands, unemployment rates drop, and inflation running at […]

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Eligibility Criteria For a Micro-Business Loan

There are three core types of business loans available for small businesses: bank loans sponsored by the Small Business Administration, loans from web-based lenders and microloans from nonprofits. Before you apply for any of these products, it helps to find out if your firm meets the lender’s criteria: Bank loan You need good personal and business credit to make the grade for an SBA-sponsored bank loan.  However, the SBA offers business loans ($5,000 to $5 million) through banks with the 7(a) loan program. To qualify, you’ll need to present: Span of Operation: Many online lenders require at least a year […]

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High Risk Business Loans From FAM

These days there’s a lot more to business loans than applying and qualifying with your local bank that a newbie merchant may need thorough advice when it comes to seeking out one. With traditional lenders only willing to partner with retailers in low risk niches; you stand no chance if your new venture is high-risk. You will likely stumble upon the category “high risk business loan” in your desperate hunt for a micro-business loan. And from what you’ve heard; it is not likely the best product to settle for. But what factors make it a less-than-ideal commercial funding product, and […]

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How to Find a Small Business Loan with Bad Credit

While there are many reasons why a company might be categorized as “high-risk”, this typically means the business is operating within a high-risk industry and/or a risk of financial failure exists. High chargeback rates and limited time in business will also push a business into this category. If you are struggling with bad credit, your business will definitely be considered “too risky” to extend a small business loan to. So where can you go from here? How to Get a Loan with Bad Credit Depending on how bad your credit score is, it will be very difficult – if not […]

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Alternative to High Risk Business Loans

High risk classification puts small business owners in a situation where it’s rather challenging to get approved for business funding, especially from traditional banks and financial institutions. High risk lending options feature long wait for approval, requirements of collateral that could be repossessed in the event of a default, and a detailed business plan that borrowers should submit. Thankfully, there are reputable alternative online lenders like firstamericanmerchant.com that offer alternatives to small business loans. These alternative funding options are flexible, fast, and have fewer requirements. High Risk Business Loan Alternative A merchant cash advance (MCA), which is surging in popularity […]

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What You Should Know About Estimated Taxes

Estimated taxes are periodic advance payment of taxes based on the amount of income you earned and the amount of estimated tax liability to be incurred as a result. Assessment of estimated taxes is based on income that isn’t subject to any type of withholding such as self-employment income, dividend income, rental income, interest income, and capital gains. As a rule, you’ll be required to pay estimated taxes on a quarterly basis. Paying Estimated Taxes Individuals such as sole proprietors, partners, and S corporation shareholders, are generally required to pay estimated taxes if they anticipate owing tax of $1.000 or […]

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