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Small Business Blog Posts

By First American Merchant

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

Tips to Defeat Ransomware

How to defeat ransomware? This is a question that you, as a merchant, must be interested in, mustn’t you? If your data gets stolen, you should be prepared for the worse and take the right measures to save the situation. The below article is about what you should do when faced with ransomware. Also, it’s about a reliable and experienced merchant funding provider in case you need access to additional working capital.  Ransomware Attacks & Issues With Business Funding Ransomware isn’t something new, only it’s now more widespread. Today, cybercriminals are more sophisticated and they go on mastering their skills […]

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The Consequences of a Bad Credit Score to Your Business

A good credit score is a pivotal factor for businesses that want to acquire loans. Most businesses usually need additional funds to invest, thrive, and expand their reach. During such times, your credit rating may determine the lender’s decision.  What Leads To A Poor Credit Score?  A low credit score can be a result of various factors. For example, failure to cultivate your credit when the business was developing, financial struggles, or low revenue incomes. One must first learn the roots of their poor credit score to fix the issue. Lenders typically use details about your FICO ratings, which is […]

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Top Business Financing Options that Allow You to Get Cash Fast

From unexpected expenses and cash flow gaps to new opportunities and growing pains, there are so many reasons why a business might need quick cash. In these situations, waiting weeks or even months simply isn’t possible. Due to their requirements and processing times, traditional lenders will not be able to meet your immediate needs. So, where should you turn? The answer is alternative lenders. While these lenders often have higher interest rates and fees compared to traditional options, they are much easier to qualify for. You won’t run into the stringent credit, documentation and collateral requirements. In fact, these lenders […]

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Everything You Need to Know About Calculating Cost of Debt

When you’re on the path to becoming a business owner, it’s easy to get overwhelmed with the flood of financial information you receive and research. You might have heard terms like cash flow, APR and cost of debt. But what does it all mean? How much do you really need to know to run a successful business? How do you ensure your business’ future is secure? The following information should help provide some clarity on one of the most important topics: calculating the cost of debt. What is the Cost of Debt? At one point or another, every business owner […]

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How to Build Business Credit, and Why You Need It

Are you a new business owner who has yet to establish business credit? If so, don’t worry! Yes, it can take some time to build a stellar credit score. But it is possible to build both a successful business and business credit at the same time. The following tips and information will help you get started. What is Business Credit, and Why Do You Need It? Essentially, business credit is a financial tool. It allows your business to access loans and other forms of financing, qualify for better terms from vendors and build good relationships with other business-to-business (B2B) sellers. […]

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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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New House Bill Gives Business Owners More Time to Use PPP Loans

A recently passed bill in the House of Representatives has many small business owners breathing a sigh of relief. This new legislation, the Paycheck Protection Program Flexibility Act, addressed concerns expressed by entrepreneurs across the country. These business owners have been adamant that changes needed to be made around loan forgiveness – one of the main attractions of the Paycheck Protection Program (PPP). The PPP was initially created by the CARES Act, the $2.2 trillion coronavirus relief law. In early April, forgivable loans were first issued through this Act to small business owners struggling to stay afloat during the current […]

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Health Providers Need Business Funding to Weather COVID-19

As the current coronavirus pandemic continues, businesses are finding themselves in a tighter and tighter position. Most have had to either shutdown for a period of time or completely alter their service and product delivery methods. Restaurants, salons, retail stores, gyms and many others have had to quickly adapt and find creative ways to still engage with their customers and meet their needs. These unprecedented times have not only impacted the way businesses operate, but also the way healthcare is delivered. The current crisis is so dramatically different from anything experienced that it has even put the medical field in […]

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Consider the Following When Applying for Your Next Business Loan

Small business loans are your cushion anytime your company threatens to hit rock bottom. The term “small business loans” is an umbrella description of various forms of funding, but your priority as a retailer is to pick the right product. And many times, your needs determine the right loan for you. So you must understand how these loans work to make the most of them. What’s a Small Business Loan? It is a form of funding a bank or lender offers a business in return for interest and fees, and payback (of the lent amount) in a defined schedule throughout […]

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The 5 Key Points To Learn About The Paycheck Protection Program

Running a business is a demanding task, but the status quo almost doubles up the challenge for a small business owner. You have to make critical decisions that will influence your today and tomorrow, and almost all of them revolve around funding. Since the Federal government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and news of “a $350 billion small business relief fund” went viral, almost all microbusinesses want a slice of the cake. But do we understand what they are? The CARES Act provides funding through the Paycheck Protection program. And PPP loans offer funding up […]

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