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Merchant Cash Advances Blog Posts

By First American Merchant

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Top Ways To Use A Business Line of Credit

A line of credit is a good option for small businesses as they can use it to fund a variety of needs. The latter include building a credit history for future financing and having a great deal of flexibility as compared with other financing options. Also, a such business funding allows for accessing your credit whenever needed, paying down the balance as your cash flow permits, and using it again and again. Below you can read how to use a business line of credit correctly. Building Up Credit Scores You can use a business line of credit to build up […]

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What Is A Merchant Cash Advance And How Does It Work?

A merchant cash advance can be characterized as an alternative financing option. You will be provided with financing upfront and will pay for the advance with a percentage of your business’s daily sales. This a good business funding option for small business owners who receive payments through cash, credit cards or checks, have a high volume of sales, and need to get the financing for their business quickly. Also, merchant cash advances are good for those cannot qualify for traditional bank loans. A Merchant Cash Advance: How Does It Work? Small business owners can apply for a merchant cash advance […]

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Cash Advance or Bust: What to Do If You Cannot Find a Small Business Loan

Loans are tricky. From home loans, to car loans, and even small business loans, there are many catches to obtaining one. Small business loans may be the worst when it comes to a denial rating – which may end up being a good thing for your business. The “cons” often outweigh the “pros” when it comes to a small business loan, so being turned down is not necessarily bad. However, it can be bad when you do not know about any other funding options available. So, what do you do? It is not like you can petition the bank to […]

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Temasek Scrambles to Fight Challenging Market Conditions

Temasek Holdings, Singapore’s state-owned investment company, experienced a dramatic portfolio decline of about 24 billion Singapore dollars ($14 billion) in the year to March 31. This just after the company’s stock fell to S$242 billion ($180 billion), last fiscal year, from around S$266 billion ($194 billion). Temasek’s financial instability has many in the region unsure about the market’s stability, but company leaders are poised to keep the fund on track. In a recent presentation to reporters, Temasek attempted to reassure the public and investors by pointing out that the company outpaced the benchmark indexes in both Singapore and Hong Kong. […]

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Are Merchant Cash Advances the Best Option for Merchants?

Many high risk merchant account providers tout merchant cash advances as the only option for their high risk merchants. While it is a popular way to obtain business funds fast, many may wonder if it is truly the best option. Below you will learn of the pros and cons of merchant cash advances, so you can decide for yourself. Pro: Quick Funding. Funds are made available in as little as three business days, which helps struggling merchants get ahead. Pro:  Little Paperwork. Little paperwork is needed, because your merchant account provider already has your financial documents. Pro:  Low FICO’s are […]

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Merchant Cash Advances Give Businesses Breathing Room

For Andy Fiscella, owner of the Dime, a bar and lounge in Los Angeles, merchant cash advances have saved his small business on more than one occasion. Fiscella, also an actor, compares running his small business to being a player on the Hollywood scene. One day you are in demand, and the next you are seriously struggling. It’s hard to know when you’re going to take a major hit. Fiscella’s bar was one of many businesses that was hit hard after the financial crisis of 2008. However, Fiscella found a way to not only save his business, but to help […]

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Getting a Loan Even When the Bank Rejects You

When in need of a business loan, most people head straight to the nearest bank. Banks are the ‘go-to’ place when you need a business loan, but they don’t always approve all loan requests. Depending on your credit score and history, you may not be eligible for a loan from a bank. However, that doesn’t mean you can’t secure funds for your business. Banks aren’t the only lenders Fortunately, we live in an age that provides alternative solutions for all issues. Banks are no longer the only lenders around. With First American Merchant, you can get your hands on merchant […]

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Starting Your Business with the Help of a Merchant Cash Advance

Starting and running a business is never a perfect, smooth process. Obstacles will pop up all along the way, and opportunities will unexpectedly be dropped on your doorstep. These unplanned and unexpected situations are when you will need funds the most. Having the funds you need will determine whether or not an opportunity passes you by and whether or not you sail smoothly through a rough patch. You might not be able to secure additional funding from a traditional source for different reasons. Your business may be considered high risk due to the nature of the business or simply because […]

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How Small Companies can Compete with the Big Guys

When starting or thinking of starting your own business, the idea of competing with big companies as a small business owner can seem overwhelming. In fact, many assume that small businesses operate at an extreme disadvantage when competing with big companies. Big companies have it all…or do they? Yes, it is true that big companies have large budgets that allow them to advertise on a large scale. They can do things much faster and can offer their products/services at a much lower cost. A cost that small business cannot match. After hearing all of this, you might be wondering how […]

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First American Merchant Funding Popular Choice for Small Businesses

Do you want to start a small business, but can’t qualify for a conventional loan? You are not alone. Since the recession, traditional lenders have declined to give lines of credit to businesses who may be inexperienced, have bad credit, or are considered “high risk.” Luckily there are a few legitimate alternatives for small businesses to obtain merchant cash advances. Credit Unions. Credit unions are member-owned and not-for-profit organizations that provide financial and credit services. They also offer lower loan rates than traditional lenders. Credit unions are quickly becoming the preferred loan avenue for small businesses. Many offer flexible payment […]

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