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Merchant Funding Blog Posts

By First American Merchant

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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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5 Steps to Prep for a Business Loan

High risk merchants often have a hard time acquiring business loans. Lenders view merchants in high risk industries as undesirable investments, even if the business owner is an experienced entrepreneur. But it is possible for high risk merchants to find and attain the necessary funds to start and grow their businesses. The following are a 5 steps to getting a business loan. Develop a Business Plan Many business owners only know that they could do with some extra cash. Lenders are not likely to disburse funds unless you can tell them exactly where the funds are going and how they […]

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A Guide for Choosing the Best Small Business Funding Option

Most business entrepreneurs choose to fund their startups through their own cash or savings. While this approach works well for many business owners, there will come a time when additional capital is required from the outside. With alternative lending options constantly evolving, small business owners are finding it easier and easier to evaluate what each lender is offering them (pricing, rates, terms, etc.). Ultimately, these non-bank lenders offer more choices. While it is fairly easy to find a list of alternative lending options for a small business, knowing what to consider while evaluating those lenders is not always as transparent. […]

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6 Steps To Take Before Applying For A Small Business Loan

Small businesses are cornerstones of every country’s economy. If you’re considering to start a small business, you should take into account the financial risks and challenges you may face as an entrepreneur in today’s world of business. There are several important steps to take when applying for a small business loan. Here they are: Know Exactly Why You Need a Small Business Loan Determine why your small business needs a loan. You will have to repay the loan so it should serve the purpose of growing and expanding your business. Lenders will take your business more seriously if you can […]

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4 Ways that Creating a Podcast Can Help Expand Your Business

There are so many ways you can revolutionize your business – some of them may be completely unexpected. Consider podcasts, for example. A podcast is a radio show based online, rather than in the airwaves. It has quickly become a thriving marketing vehicle for many companies. Many established businesses have started simple podcasts with the intent of teaching people about what they do and/or what they offer. Before they know it, their listeners jumped from a few hundred listeners per week to tens of thousands per week. Using a podcast can help a business grow both financially and in membership. […]

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Alternative Lenders Offer Funding to Women-Owned Small Businesses

Female-led small businesses have gained a lot of positive attention in recent years. From 2000 to 2012, women-owned businesses grew 27 percent. In contrast, U.S. businesses only averaged a 2 percent growth rate during the same time period. Surprisingly, despite these economic and social advances for female business owners, few are taking advantage of certain benefits offered by alternative lenders. These changes in the economic landscape demonstrate the exciting shift to a more welcoming atmosphere for female entrepreneurs. Even with the headway women-owned businesses have made in the past 10 to 20 years, there is always room for improvements. NerdWallet’s […]

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Marketing Strategies for Startups | How to Get it Right the First Time

According to Forbes, “8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn”. When starting a business, it is incredibly important to get several things right in order to make it through your first year. From how you choose to fund your business to your marketing strategies, you need to make sure every dollar you spend is matched with the greatest return on investment. Consider Brand Identity.  Everything that your customers or potential customers know about your business is directly linked to your brand identity. Establishing your business’ brand identity […]

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How a Cash Advance can Save Your Company

Many high risk merchants need cash. Some turn to relatives and friends, while others look for a small business loan. The latter can be tricky, as most banks and lenders will not lend to a high risk business. For those who do, the interest rates are enormous – and the repayments start back almost immediately. There is a better alternative, and it is called the merchant cash advance. This is not like traditional payday cash advances, where interest is huge, and it is nearly impossible to pay off. Instead, a merchant cash advance can give your business the cash it […]

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The 5 Advantages a Merchant Cash Advance Can Offer Your Business

For any business, cash is vital; this is especially true for the small and mid-sized businesses. Why? Cash is necessary to pay suppliers, to maintain inventory and to grow a business. There are many reasons why credit market availability can change; an economic recession or a business being categorized as “high risk” serve as two examples. When this takes place, many businesses turn to a new solution – a merchant cash advance. What is a merchant cash advance? A merchant cash advance is an alternative source of business funding for entrepreneurs. These entrepreneurs may lack the credit rating or collateral […]

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April is National Financial Capability Month

In addition to everyone’s favorite day, April 15th – tax day – April is also the month of National Financial Capability. While everyone should take charge of their own finances, and their business finances, April is a good time to remind people how important it is. It can be easy to overlook one item, and in return, you can owe money to the government in taxes. This happens all too often, and you need to be organized with all of your personal and professional financial issues. Sadly, most small businesses are financially illiterate. While big businesses can hire a “money […]

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