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merchant cash advance bad credit Blog Posts

By First American Merchant

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Business Credit Remains a Determiner For Business Success in 2019

If you’re going to own a business in America, you must be ready to face almost as many challenges as the opportunities you are looking forward to. One headache you must be prepared for is managing your business’ credit status. Like personal credit that tells a lot about an individual, business credit is more or less an indication of your company’s financial standing and capacity to manage debt. Lenders scrutinize credit when underwriting a company for microbusiness loans, credit lines, or business credit cards. Credit scores for businesses are based on several different factors and may differ considerably from one […]

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3 Questions to Ask Before Signing Up for a Balance Transfer

Many business owners find that business credit cards are a great way to manage their company’s expenses. They also allow them to take advantage of benefits and rewards. However, this method of financing can obviously get out of control and rack up a lot of debt in the process. This is where a balance transfer comes into play. What is a balance transfer? While some business cards seem attractive because they offer 0% APR initially to get you started, this can quickly jump to charging an APR upwards of 20%. This can cost your business hundreds or even thousands of […]

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Merchant Cash Advance Bad Credit: Funding to Rely On Regardless of Your Credit Performance

Today business owners want almost instant funding and loans they can get hands on without having to go through several thorough checks (credit performance in particular) and complicated underwriting procedures. New-age merchants also like to borrow from alternative lenders who best understand their needs and allow them to settle loans without putting a strain on their finances. Furthermore, the online shift is changing the borrower’s expectations by the day, and it so happens that most alternative lenders can have you apply, scrutinize you and offer you funding over the internet. Merchant Cash Advances Perhaps that explains why more and more […]

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Ways Bad Credit Effects Small Businesses | Merchant Cash Advance

Is your business struggling with bad credit? There are many ways bad credit can affect your business and your personal life. Find out the top ways bad credit can hurt your plans, and where to find quick access to funds to boost working capital. How Bad Credit Can Hurt You Personally Higher down payments – When you need to borrow money for a car or house, for example, it will more than likely require a down payment. If you suffer from bad credit, the required down payment will probably be higher (the bank will view you as a high credit […]

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How to Secure a Cash Advance for Your Business, Regardless of Credit Score

Bad credit is a huge red flag for traditional lenders. In their eyes, a bad credit score implies that you have not managed your finances wisely in the past. Ten years ago, having less-than-stellar credit would have made it completely impossible to secure business funding. Today, thanks to the ever-growing online lending industry, there are more options than ever before for bad credit business loans. The Search for Business Funding If you have bad credit and your searching for small business funding, you should know that getting financing from a bank will simply not be an option. While financial institutions […]

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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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Get a Merchant Cash Advance Without Being Scammed

A merchant cash advance can be described as purchases of future credit card sales receivables or short-term business loans. The demand for merchant cash advances (MCAs) is growing with rapid advances. The MCA industry came into existence as one of the most important sources for non-bank loans for many small businesses. Today, you can find many online funders that offer cash advances to small businesses that wouldn’t have historically been approved for a business loan from a traditional bank. It’s important to note that the industry is largely unregulated, so you shouldn’t trust all the companies offering a merchant cash […]

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Merchant Cash Advance – Right for Your Business or Not?

A merchant cash advance (MCA) has been surging in popularity in recent years. However, the industry is relatively young and dates back to 1998. The MCA industry was a response to a decline in small business lending from traditional banks. MCA has gone from $0 to $10.7 billion in 2015, and is expected to account for $15.3 billion in 2017. Getting a Merchant Cash Advance (MCA) Merchant cash advance companies can advance you a certain amount of cash depending on the amount of your monthly revenue. You agree to pay back that advance and a fee by letting the MCA […]

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Tips to Help You Manage Your Construction Business Expenses in the Winter

With expenditures accounting for more than 1.162 billion US dollars, the US is among the largest construction markets around the globe. Within the US, the majority of new construction projects are coming on stream in New York, which leads the list concerning construction expenditure in American cities. As a rule, construction works drop off in the fall and don’t continue till it’s spring. During the offseason, construction firms still need funds to pay overhead and provide an income for employees and owners. Here are tips to use for managing expenses during the offseason. Plan How You’re Going to Handle Your […]

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Payroll Tools and Business Funding for Your Construction Business

The global human resource software market is expected to reach $9.2 billion in value by 2022, and payroll makes up only a small portion of that growth. Your employees must be paid accurately and on time. That’s where payroll management solutions come into play. Happily, they’re becoming more advanced and affordable. Consider using them for your construction business. If you’re interested in business funding for your company, consider turning to a reputable high risk business funding provider like First American Merchant. Firstamericanmerchnat.com (FAM) offers unique business funding opportunities, including a merchant cash advance bad credit. Below you can find a […]

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