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Merchant Funding Blog Posts

By First American Merchant

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

Where Businesses Can Turn for Capital – And Which Option is Right for You

Moving into the second half of 2020, so many business owners are in need of extra working capital. It has been a tough year, to say the least, and now we’re moving into the bustle of the holiday season. If you’re planning on launching a business soon, you are in even greater need of sources of financing. So, where’s the best place to find additional working capital? And how do you know which one is right for your business’ unique needs? Here are some of the top sources of small business financing, along with important questions you should ask to […]

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The Benefits of Merchant Funding

If you are looking for more funds for your business, you may have come across the term merchant funding or merchant financing. This might be just what you need to pay for your expenses, pursue new investments, and position your business for future growth. What Is Merchant Funding? Merchant funding or merchant financing is basically financing for merchants. It is a general term that refers to any business financing for any merchant with a “credit card processing system”. Often, merchant financing can be referenced as merchant cash advances. This funding type takes repayment automatically via your credit card processing system.  […]

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Increased Risk From Stimulus & PPP Payments

There’s a growing risk associated with stimulus and PPP payments. This article is here to tell you more details concerning the situation and the PPP payments. Stimulus & PPP Payments       Under the CARES Act, more than 2 trillion dollars went into the American economy. Mostly, the money has been going directly to individuals: these are the very stimulus checks. The money has also been going to small businesses in the form of Paycheck Protection Program (PPP) loans. Consumers are spending their stimulus payments, and the PPP loan recipients are looking for forgiveness of their loans under the CARES Act. This […]

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Small Business Merchant Funding

The rise of alternative lenders has made it so much easier for small business owners like you to obtain the necessary working capital. This article is about merchant funding, specifically, a merchant cash advance (MCA) and where you can get it without challenges. Merchant Funding: Merchant Cash Advance (MCA) What’s the concept behind an MCA? It’s simple. The provider advances you funds that you’ll need to pay back over time based on your business sales. Importantly, an MCA isn’t a loan: it’s just a sale. Namely, you get an opportunity to effectively pre-sell your future debit/credit card sales at a […]

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How Can Construction Contractors Prepare for Natural Disasters?

Natural disasters can take a toll on your construction business with the exposure and severity levels varying largely based on your physical location. According to researchers, the US experiences nearly seven hurricanes every four years. But there has been a significant increase over the past few years. High-impact earthquakes happen less often, but they could also affect your business negatively. US-based businesses must also be prepared for Inland flooding, which is turning into a more common catastrophe. And while most of the above are flood forms of disaster, drought in some parts, more so the West leads to costly wildfires. […]

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Discovering What Your Customers Want and How Merchant Funding Can Help

When marketing your business, you should anticipate and acknowledge your customer’s needs even before they know what they really need. If done correctly, this impacts positively on your business progress and profits. Customers are usually deficient in determining what they want. Their inability to express their desires makes it hard for you as a marketer to really know what they need. You can get around this problem by asking the customers what they don’t want. An old notion has been going around for years that the best way to know what the customer wants is by asking them what they […]

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Why Your Merchant Funding Request Was Rejected

For businesses operating on a tight financial situation, it is very frustrating to have a bank refuse your loan application. But it can also be the opportune time to rethink your submission strategy, learn your mistakes and come back prepared next time. The first thing a savvy business loan applicant does is to find out why the bank rejected them. Legally, your commercial finance provider should send you a denial notice and explain in it their reason(s) for taking that path, but only a few bankers go by the book. Nevertheless, these are the most common whys your submission didn’t […]

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Need Merchant Funding? Why Not Get an MCA?

Are you planning to take out a business loan or merchant cash advance (MCA)? What’s the best type of merchant funding for business owners who lack the necessary cash on hand? This article is here to help you with this. Merchant Funding to Grow Your Business In the modern world of business, you can’t grow your business if you lack the necessary capital, especially if you’re an eCommerce business. Working with a reputable business funding provider like First American Merchant, which has an A+ rating with the Better Business Bureau, you can make your life easier. FAM, goes above and […]

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Top Cash Flow Challenges for Contractors Solved | Merchant Funding

Where’s the cash? Where do I get cash? These questions are all too common in the construction industry. Even profitable construction companies can find themselves in a tight cash flow situation. For years, cash flow management has been a huge contributor to the number of insolvencies in the industry. If you have been operating in the construction industry for even a short amount of time, you probably already know how much cash is required to start a significant project. To be successful, you have to know what the cash flow impact will be from that new project. How much investment […]

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The Complete Guide to Seller Financing

What is seller financing, you ask? And is it right for me? Seller financing involves a business’ original owner offering a buyer a loan to cover a portion of the price of the business. As the deal closes, the buyer makes a down payment in cash. The seller’s loan covers the remaining amount of the sale price, plus interest (as per the terms set by the lender). Because seller financing rarely covers the entire price of the business, many buyers use another form of financing along with the seller’s loan. Why do small business owners seek seller financing? There are […]

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