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merchant cash advance Blog Posts

By First American Merchant

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Top Hidden Costs of Running a Small Business and How to Cope

If there is one truth you can rely on in running a business, it is to expect the unexpected. Unfortunately, many business startups fail to prepare for the very real barriers to growth. If a business is not careful, many of these “hidden” costs can result in delayed profitability or, worst case, shutting down the possibility. Consider the following common unspoken expenses many businesses overlook, so your business can avoid being one of the many new establishments that closes before they hit the 5-year mark. 1.      Permits and Licenses For many business types, it all starts with permits […]

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Merchant Cash Advance Or A Business Loan?

Business loans and Merchant cash advances are the two primary commercial financing options assisting micro-businesses with working capital today. And while each of them can be a great way to obtain business funding, the two products have very different structures. To help you draw the line between cash advances and small business loans, here’s an in-depth comparison of the two. The Fundamental Differences Business Loan – just like you would seek funds for a new automobile or home, there are also loans meant for business. They usually have fixed repayment terms (say monthly installments) and pre-determined interest rates. A Merchant […]

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Is an MCA a good Funding Option for Your Business?

Sometimes following trends may incur you avoidable expenses. For example; the sudden increase in the number of companies applying (and qualifying) for merchant cash advances may push you into making rush borrowing decisions you might later regret. These quick cash options are known to cost merchants dearly if not well scrutinized during selection. Merchant Cash Advances, for instance, carry triple-digit annual percentage rates (APRs) — which is the gross cost of a loan, plus all fees. These added charges along with the daily repayment schedule often affect cash flow. And in worst cases, you may end up in a debt […]

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Looking for a Business Cash Advance? Watch Out For Scammers!

The news is everywhere on the internet; how online lenders are providing quick micro-businesses funding to all companies including those with bad credit but have steady cash flows. Yes, it’s true, web-based funding institutions are now giving cash advances to the broad group of small businesses that formerly found a difficult time meeting the criteria for business bank loans. However, not all shiny-looking deals will mean golden offers. This kind of business financing is most times doubtingly ethical and very expensive. So how do you win a business cash advance deal without getting ripped off? Many lenders in this new-fangled […]

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When Is a Merchant Cash Advance the Best Choice?

Taking a small business to the next level isn’t easy at all. No matter how experienced you are, you have to overcome several challenges on your way so to be able to grow and expand your business. Access to working capital such as a cash advance is one of the most important things in this regard. This article will tell you when a Merchant Cash Advance (MCA) can be the right option for you to choose. What Is a Merchant Cash Advance (MCA)? An MCA isn’t a loan as many think. In fact, an MCA is simply a sale. The […]

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Merchant Cash Advance: What Is It and When Should Your Small Business Use One?

Since the Great Recession, it has been extremely difficult for small business owners and business startups to find traditional lenders willing to work with them. This has made it very challenging for businesses fund growth, and for entrepreneurs to turn their business idea into a reality. Over the last few years, the merchant cash advance (MCA) has become a go-to alternative business funding option – and continues to gain popularity. What is a merchant cash advance? Contrary to popular belief, a merchant cash advance – also known as a business cash advance – is not a loan. It is a […]

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Turn Cash Advance Declines Into Dollars

Are you an ISO agent in search of a financial institution that will turn cash advance deal declines into dollars? Well, First American Merchant is a popular online funding provider that works with all types of businesses regardless of type and may have your solution, to help close those hard to fund deals. Though merchants can directly come to us for funding, most MCA sales are the efforts of ISO agents who visit potential clients and link the bridge. The Problem Most times cash advance deals get turned down because the agent is dealing with a lender who is less […]

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Tips for Finding a High-Risk Business Loan for Your Small Business

If you have been searching for small business loans, you have probably run across the term “high-risk business loans”. Confused? What is the difference between the two, and how do you know which one is right for your business? Small business loans are very hard to secure. Applying for one with a traditional lender will likely involve extensive documentation requirements, collateral, financials, and long wait periods. For many, it is hours spent compiling information only to find out after waiting weeks (or even months) that they have been denied. One of the biggest reasons a business is turned down by […]

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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 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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Choosing a Merchant Cash Advance Over a Business Loan

As of 2016, there were 28.8 million small businesses in the US, which represented 99.7% of US businesses. Only about 24.1% of small business loans were approved by big banks, and smaller banks approved about 48.9%. Alternative lenders approved 58.2% of loan requests. In less than 20 years, the merchant cash advance (MCA) industry has gone from $0 to $10.7 billion by 2015, and is expected to account for $15.3 billion in 2017. Are you faced with the problem of whether you should take out a business loan or a merchant cash advance? Below you can find some important information […]

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