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merchant loan Blog Posts

By First American Merchant

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The Differences Between Unsecured, Secured and Prepaid Business Credit Cards

Just like when seeking a merchant loan, credit experts strongly advise that you compare your options carefully before placing a finger on the business credit card to use for your company. Therefore, the best credit card for your small business depends on your business’s needs. The most common commercial credit card types are unsecured, secured course, and prepaid business credit cards. Discover the differences between these three card types below. 1-Unsecured Business Credit Card Unsecured credit cards like unsecured loans are issued by card providers, e.g., Visa, American Express, or MasterCard to offer retailers a collateral-free line of credit. Your […]

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Business Financing Growth Strategy and Merchant Loans

Making financing a part of your growth strategy is crucial. Where can you get an affordable and reliable merchant loan for your growth strategy? How can you plan your growth so to take your business off the ground? This article will tell you how. Building Growth Strategy: Need a Merchant Loan? When considering your business growth, you can’t do without a business financing strategy. This is how you can meet the financial challenges in the ever-evolving world of business. Such strategy can part of any growth efforts. Your growth strategy isn’t just about demonstrating how your revenue will grow. To […]

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Get a Merchant Loan From a Reputable Provider

When the need for financing comes, it becomes crucial to find a reputable business funding or merchant loan provider to turn to. What’s a merchant loan? Where to find the right merchant loan provider? Just read below to get answers to these questions. Getting a Merchant Loan: How and From Where? First of all, the important thing is not just get any financing. The important thing is to get the right kind of financing that can best fit the specific needs of your business. Getting the right kind of business financing can be a challenge especially for high risk merchants. […]

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Get a Small Business Loan Today!

64% of small business owners start with $10.000 or less. They’re primarily self-funded. If you, as a small business owner, need access to working capital, be aware it may be challenging to get approved for a small-business loan. So, you need to prepare well so that to increase your chances of getting a loan. What do you need to focus on? Reason You Need Funding Lenders would like to know the reason you’re applying for a small business loan. Determine whether you need it to start your business, manage day-to-day expenses, grow your business, or maybe to have a safety […]

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How To Prepare Your Business for a Hurricane

Natural disasters are a simple fact of life. You should do your best to respond to a disaster before it happens. Pay enough attention and effort so to prevent severe damage and be able to easily mitigate the effects of a hurricane-related disruption of your business in the future. Have a hurricane survival and recovery strategy. The American Society of Safety Engineers (ASSE) recommends the following 5 basic steps: Develop a comprehensive plan Determine procedures and individual crisis management responsibilities Coordinate with others Prepare employees. Review emergency plans annually Remember that you can easily get approved for a merchant loan […]

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Any Idea What’s In Your Business Credit File?

Do you have blank credit files? This can create challenges for you as a small business or startup owner. If you think there isn’t anything negative in a blank credit file, it’s not true: empty credit files are as bad as bad credit ones, as Erik Simon, director of marketing and communications for Dun & Bradstreet Credibility Corp, a business-credit monitoring service provider, notes. Business credit information can play a crucial role since many companies, including lenders and insurance companies, take it into account while making decisions. So, your business credit, like your personal one, can help you when borrowing […]

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American Express Merchant Financing Is Not The Only Option

Are you considering your options of getting financing for your business? Many entrepreneurs turn to a bank to obtain a small business loan, but very often they feel hopeless after being rejected. Banks tend to reject more people than they approve. Even if banks give you a green light, you’re likely to pay higher interest rates. Business Loan Challenges According to the 2016 Small Business Credit Survey from 12 Federal Reserve banks across the US, which was conducted in the last half of 2016 and included over 10.000 employer firms across all 50 states, small businesses feel optimistic about the […]

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How a Merchant Cash Advance Can Help You Offset Your Short-term Business Debts

Short-term loans typically appeal to retailers because they’re easy to get. For instance, getting a two-week loan from PayPal only demands a small amount of paperwork and a manageable servicing fee. The money is deposited into your account almost immediately, and you can fulfill your needs quickly. However, things start to go south when two weeks pass by, and your business still hasn’t recovered well enough to pay off the loan. What are your options? You could take the road more travelled and pay the servicing fee again to extend the loan for another two weeks, but you have to […]

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Four Steps to Take When Your Customers Don’t Pay Their Bills on Time

Late payment is a problem that plagues the cash flow of many merchants and is one of the fastest ways to go out of business. Regardless of how successful or established, a major part of your job as a trader is to ensure that all transactions are completed on time. Of course, the billing policy you’ll employ will depend on your type of business. If you run a large-scale enterprise, for example, your clients will likely expect to be given at least a few weeks to pay their invoices. And although you’re often left with no choice, agreeing to their […]

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Does Your Business Have Cash Flow Problems? Here’s How a Merchant Cash Advance Can Help

Cash flow impediment is one of the biggest problems businesses, especially young ones, face every day. A merchant can have slow cash flow because of several factors, some of which are outlined below. Weak sales Traders who are not selling enough to satisfy their target and meet expenses are already experiencing cash flow issues. Reasons for a reduction in the number of daily transactions can range from poor business management to an unexpected change in the market, such as the entry of a dominant competitor. It is also common for new businesses to suffer low sales in the first few […]

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