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merchant cash advance Blog Posts

By First American Merchant

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Merchant Cash Advance: A Bad Credit Borrower’s Best Option

Of the 28 million small businesses operating across the United States, 39 percent are owned by women, according to the Score’s The Megaphone of Main Street: Women’s Entrepreneurship, Spring 2018 report. Though the number of women-owned businesses continues to rise, only 25% of women seek financing for their businesses. The truth is that most new entrepreneurs have trouble getting banks to lend them money. But, women find it even more difficult to seek and obtain financing. If a woman has bad credit, as well, she can expect her lending options to become even more scarce. To keep business’ running and […]

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What are Unsecured Business Loans

Are you a small business owner in need of cash? Have you been comparing business loans, but are unsure which option is right for you? You’ve come to the right place. It’s true that not all business loans are created equal. Let’s go over the differences between a traditional loan and an unsecured loan. Find out if an unsecured business loan is right for your business, or if an alternative loan option is better suited to your needs. What is an Unsecured Loan? A traditional business loan is a secured business loan. This means that it is secured by some […]

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Small Business Funding for Veterans: Merchant Cash Advance

Are you a veteran running a small business? Do you need to get working capital like a merchant cash advance (MCA) for your business to build a profitable company? What are your choices for loan alternatives and small business funding for veterans? Just read below to find them. Small Business Loan Options for Veterans: Merchant Cash Advance Here’re several small business funding options that you, as a veteran, can obtain so to grow your business successfully: SBA (Small Business Administration) VA (Veterans Advantage) Loans Veterans can apply for a VA loan from the Small Business Administration. Thanks to the Veterans […]

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5 Reasons Small retailers should use MCAs with caution

Retailers continue to send MCA applications amid the increase in the potential dangers of using Merchant cash advances as an aid to get through cash flow crises or obtain extra finances for any other reason. So what are the red flags a micro-business owner should watch out for when in search of MCAs? 1-You could end up with a triple-digit APR Some of the merchant cash advance offers in the market have triple-digit annual percentage rates. It is the total cost of borrowing per year plus all related fees and interest, typically ranging from 40% to 350% but varies depending […]

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Ways to Market Your Business to Millennials

There are 71 million millennials, aged 20 to 35. This unique group looks for marketing approaches that are much different than what previous generations responded to. As you put together your small business marketing strategy, make sure you also consider the following tips: Optimize content for social media Nowadays, there is so much content on the internet. The key to keeping your millennial customers’ attention is to share great, personalized content. It is especially important to focus on optimizing content for social media. When it comes to millennials, social media is the new SEO. Reach out to millennials via social […]

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Weighing the Pros and Cons of a Merchant Cash Advance

When a small startup has cash flow problems, it can be difficult financing. A lack of business history, collateral, and nonexistent business credit make it difficult for small businesses to get traditional loans. If a business is looking for a short-term financing fix to buy more inventory before a busy season, unroll a new product, or pay for an emergency equipment, it should consider a merchant cash advance. Advances offer quick access to funds, a simple approval process, and it doesn’t require collateral. A merchant cash advance is paid back with the business’ cash flow, so there is no need […]

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Get Cash in Three Days with a Merchant Cash Advance

The merchant cash advance industry extended capital to small businesses, taking in $3 to $5 billion in revenue in 2015, according to the Center for Financial Services Innovation’s 2016 Financially Undeserved Market Size Study. The Great Recession, which was caused by the financial crisis that started in 2007 and the subprime mortgage crisis in the U.S. that continued through 2009, ended with the collapse of the world economy’s banks and a severe loss of valuable assets. Due to the recession, bank regulations became stricter and fewer people, especially small businesses, had a more difficult time getting loans, mortgages, and credit. […]

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Get a Merchant Cash Advance to Pay Expenses

If you have good credit card sales but your business hasn’t established itself long enough to qualify for a traditional loan or you need cash and you don’t have great credit, consider a merchant cash advance . A merchant cash advance (MCA) is a quick way for small businesses to get the capital they need. If you are looking for a convenient way to grow your business or temporarily sustain cash flow, get a merchant cash advance. How a Merchant Cash Advance Works A MCA is an advanced payment against the future credit cards sales of your business. It is […]

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Why You Should Rethink the Merchant Cash Advance

For many, the merchant cash advance is surrounded by questions a reputation for high fees – a business’ last option. But experts are saying it is time for businesses and lenders to take another look at the merchant cash advance. It might be more helpful than was previously believed. The Lending World Has Changed “The merchant cash industry first started as a product for unbankable clients,” explained Andrew Mallinger, COO of PIRS Capital, in a recent interview with PYMNTS. “It was for restaurants that didn’t have collateral or the credit score to apply for a bank loan.” However, the rise […]

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The Truth About Merchant Cash Advances

Startups need capital to expand, but getting funds isn’t very easy for a starting business. Fortunately, today enterprises have the alternative of acquiring capital through financing firms like firstamericanmerchant.com. One product we gladly offer is the merchant cash advance. An MCA is technically a business loan, but more of an advance. The lender uses your oncoming future credit card sales as an asset. Therefore, you simply get an advance amount which you pay back as a portion of your firm’s day-to-day credit card revenue. So there are no collateral requirements for this loan because already a percentage of your debit/credit […]

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