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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

The Length of Your Business Loan

Long-term business loans are the preferred option for many. They enable the borrower to make the loan repayment over a longer period, but this results in higher amounts lost on interests. For how long can you get a small business? Repayment Terms for Small Business Loans  What’s the most usual answer to “how long can you get a business loan for”? Well, the majority of long-term business loans require borrowers to make payments during one – five years. With SBA, loan terms can be up to 25 years. Overall, there is more than one nuance associated with loan terms. Overall, […]

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Why Merchant Cash Advances are an Ideal Funding Source for Physicians

Why Merchant Cash Advances are an Ideal Funding Source for Physicians From time to time, like any business, medical practices can benefit from additional capital and an array of business loans. Growth, obstacles, and opportunities tend to come when we least expect them to – and they all require cash. However, many physicians are unsure where to start and which options are best suited to their industry. Some physicians find Small Business Administration (SBA) loans are suited to their needs. But others have found they are actually better off with alternative or new financing solutions. That being said, you might […]

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The Pros and Cons of Equipment Leasing for Small Business Owners

A new year. The perfect time to assess where your business sits today, what went well last year, what didn’t go as planned, and how you can do better going forward. If you’re currently looking at the objectives for 2022, you are likely looking at your business finances as well. Any moves, big or small, typically involve working capital. For example, are you looking at buying new equipment to take your business to the next level and take on multiple or larger orders? If so, you’re likely going to need some financing for such a large purchase. As you look […]

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3 Valuable Sources of Cash for Your Small Business

In the midst of the pandemic, small business funding needs were a hot topic. Lots of information was available for business owners in need of additional capital to weather the storm and uncertainty. As the economy attempts to bounce back and transition out of the pandemic, many of those small business owners are still looking for cash solutions. However, now that the – unsatisfactory for many – Paycheck Protection Program (PPP) has ended, many are struggling to find the capital necessary to recover and grow. The biggest obstacle today is feeling like “just a number”. Big banks are flooded with […]

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Payroll & Its Cash Flow Influence

If you think payroll is always easy to predict or there’s nothing difficult about it when it comes to paychecks, you’re not right. You’d better follow the lines below to learn more about payroll and its cash flow influence.  Payroll & Cash Flow  Payroll is money that companies payout. Unlike accounts payable, it has to do with expense and liabilities accounts. In fact, payroll may represent the least volatile areas of capital outflows.  Businesses need to automatically connect payroll data into their back-office financial management systems. As for customers, they’re increasingly more often applying to payroll providers that can help […]

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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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