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Business Funding Blog Posts

By First American Merchant

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

Merchant Cash Advance Funding

Merchants are always in need of funds to help them run their businesses. Thanks to First American Merchant who has been offering a helping hand to small and medium-sized businesses. We assist retailers with funding through merchant cash advances (MCA). Here is a quick guide to our MCA offers. What’s a MCA? A Merchant Cash Advance may also be referred to as the procurement of future sales. A financial firm purchases a given amount in future sales to allow the business owner some money for upfront expenses. The retailer then repays the amount (plus the prearranged fee) additively as he/she […]

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Get a Business Loan with “No Credit Check”

27% of businesses surveyed by the National Small Business Association (NSBA) reported they weren’t able to receive the necessary funding for their business. According to the NSBA Small Business Access to Capital Study, 20% of small business loans are denied because of business credit. Based on a 2015 survey in the field, of small business owners surveyed, 45% weren’t aware they have a business credit score. 72% have no idea where they could find information on their business credit score. 82% have no idea how to interpret their score. “Credit Check” and “No Credit Needed” If you’ve decided to apply […]

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Online Lending Industry Regulation

Top federal bank regulator Thomas Curry, US Comptroller of the Currency, last year told marketplace lenders in Washington D.C. to expect a tougher regulatory framework for the industry. The Office of the Comptroller of the Currency would be collaborating with other regulators. Tougher Regulatory Guidelines Tougher guidelines are in line with those that govern the rest of US banking. Calls for such guidelines followed an explosive expansion in the online lending industry and a series of high-profile missteps. The OCC reports, in 2015, so-called marketplace lenders generated about US$29bn of consumer loans, which was a six-fold increase from 2013. Some […]

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5 Tips to Help You Pay Back Your Loan During Slow Seasons

According to a US Bank study, 82% of businesses that fail appear in such situation because of cash flow problems. Cash flow problems aren’t something new for seasonal businesses since they have slow seasons with less money. 27% of businesses surveyed by the NSBA (National Small Business Association) report they weren’t able to receive the necessary funding they needed. According to those 1-in-4 businesses, the lack of funding prevented them from growing their business. This refers especially to women- and minority-owned businesses. So, how are you going to repay your business loan if you’re in a slow period? In such […]

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4 Key Differences Between Working Capital and Fixed Capital

Fixed and working capital differ when it comes to their usage in a business. One serves the long-term requirements of the business, while the other serves short-term requirements. To efficiently manage your business’ cash flow and overall financial health, it’s critical that you understand the difference between the two. Consider the following four, key differences between fixed and working capital. Meaning Fixed capital refers to the investment made in the long-term assets of a business. This capital is part of the business’ total capital that is not used for production. Rather, it is kept in the business for more than […]

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Building Credit With No Credit

If you’ve decided to apply for financing, be aware there are generally 2 ways to check whether you’re eligible for it or not. The 1st one is the traditional “credit check.” In this case, a hard inquiry is put on your account, and the loan provider reviews your credit score and credit bureau reports to figure out whether you can qualify for business funding or not. The 2nd one is the so-called “no credit check,” when the lender takes into account other factors so to determine your eligibility. What is Credit Check? A typical credit check is also called a […]

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5 Truths about Working Capital and Small Businesses You Need to Know

Working capital is the lifeblood of every business, big or small. However, it isn’t always easy to know where to find it – or is it? Consider the following five truths about working capital. You might be pleasantly surprised to discover how simple it can be to find and secure working capital for your small business. Banks are not your only – or even best – solution Banks are rarely an effective solution for small businesses in need of financing. In reality, banks are routinely reducing the lines of credit they are willing to extend to small businesses. Even if […]

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Clean Up Your Credit, Create Opportunity | Bad Credit Merchant Loans

Your credit score is the deciding factor for so many aspects of life. If you’re suffering from a bad credit score, you probably already know this to be true. But have you considered how cleaning your credit can create opportunities? Would you believe “credit” and “opportunity” can be used in the same sentence? If your skeptical, consider the following tips on how you can get your life and business back on track. The Truth about Credit Reports As stated above, bad credit affects your ability to get a loan (business or personal), job promotions, rates insurance companies charge for auto […]

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Why Was I Denied A Small Business Loan?

Receiving a rejection letter for a business loan you were counting on can be discouraging. Data from the Small Business Administration (SBA) reveals that nearly 50% of small business loan applications are rejected for a variety of reasons. Understanding the most common reasons banks decline loan applications can be useful for your own business endeavors. 1. You applied for the wrong loan product Some banks may specialize in a certain type of lending or industry. For example, a lender may choose to fund large corporations that reach a certain revenue threshold or carry a specific number of assets. Other banks […]

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How You Can Get Business Funding Without The Bank

Whether you are a newbie in the business building process or an experienced entrepreneur launching into a new venture, one thing is for sure- startup capital is necessary. Business funding is usually one of the toughest stages for the new entrepreneur and the truth is not many pass this stage. One common misconception is that building a brick and mortar business (offline business) is tougher than bringing up a software company Well, sorry to burst your bubble but they both have their risks and intensities accrue to them. There are various ways to source for capital for your new business. […]

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