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cash advance Blog Posts

By First American Merchant

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

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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Loans Vs Cash Advances Vs Factoring

Are you looking for a financial product for your small business? Make sure to choose the right financing option so to get the best for your business needs. With a carefully chosen financial product, you’ll be able to make your situation better and take your business to new heights. Let’s see how small business financing options differ from each other so that you can make the right decision. Small Business Loans Small business loans report to the credit bureaus about the credit of your business They require a good FICO score You can be required to use all your company […]

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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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Need Small Business Financing? Apply Online in Minutes

It never really seems to be a question of if your business could use extra funds; it’s usually more about how it could benefit from extra funds, when your business needs it the most and where you can get it. There are many different ways to externally fund your business, but not all of them will suit your specific needs and situation. Consider the two ways you can externally fund your business: debt and equity. If you choose to use debt, you will retain ownership of your company with an obligation to repay the investor. If you choose equity, you […]

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Working Capital Solutions: 4 Financing Options for Small Businesses

The need for extra working capital often hits you when you least expect it. Unfortunately, securing funds is not always easy for the small business. Traditional lenders involve long wait times for funding and seemingly endless documentation requirements. If your business type or industry is categorized as “high-risk”, the bank might refuse to work with you before you even get started. Thankfully, there are more alternative financing options than ever before. The option you choose should cater to your specific needs; such as, your business’ unique situation, how much capital you need and how quickly you need it. If you […]

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What YOU Need To Know Before Getting a Cash Advance

There are plenty of good things about a cash advance… and a few bad ones. Below are the key things you need to know before obtaining a cash advance. Fixed Fee (also called the Buy Rate or Factor Rate): This number is how much you’ll eventually have to pay back. Generally it’s written with a decimal point (ex: 1.30), but you might also see it as a percentage (30%). The math is pretty simple: you get the number you’ll have to pay back by multiplying the cost of your advance with the fixed fee. For example, on a $1,000 loan, […]

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Get A Business Loan With Bad Credit

So, a business cash advance is something that most every merchant needs at one time or another.  But, what happens when you have bad credit? Well, for some merchant account providers this means that you are no-go when it comes to getting a business cash advance. You need to look for one option, and that option lies with FAM. A merchant cash advance is not a short term loan or a high interest advance. It is a simple sale. Merchant cash advances purchase your future sales at a discount. Both parties agree to the amount of sales being purchased and […]

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What You Need To Know About Payroll Loans

A payroll loan is also called a payday loan, payday advance, salary loan, small dollar loan, or a short-term loan. It’s a small, short-term unsecured loan. A payroll loan can be of great help when you need to access cash quickly and conveniently. A payroll loan can be described as a cash advance that a borrower can receive based on his/her employment status and income. The reason a payroll loan is also called a payday loan is that the amount the amount of the loan is typically scheduled for repayment upon getting paid by an employer. Things to Know Before […]

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Getting Certified as a Minority Owned Business

Are you a minority business owner? If yes, consider becoming certified as a minority owned business. Government agencies and corporations are willing to conduct business and buy from minority owned companies, so being certified will make your business more appealing. The reason why corporations are willing to do business with minority owned businesses is that they realize that US minorities have great purchasing power. It’s no surprise that minority business owners may have a difficult time obtaining access to working capital to grow and expand their business. Fortunately, firstamericanmerchant.com, a reputable business loan provider and high risk payment processor, offers […]

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Solutions for Small Business Loan Challenges

The first thing that comes to your mind concerning a small business loan is that it can help you tackle your problems. In fact, small business loans can also create problems for you, meaning you have to repay your loan, and your project may cost more than you expect. To stay away from problems brought about by small business loans and to get the best for your business needs, you should find a reputable business loan provider and payment processor like firstamericanmerchant.com. First American Merchant offers exceptional business loan opportunities to merchants of any type and size. FAM can help […]

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