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Micro Loan Blog Posts

By First American Merchant

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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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Merchant Cash Advance And Its Benefits

A Merchant Cash Advance, sometimes is also referred to as credit card receivable funding. It can be characterized as an alternative method of funding a small business, which is based on credit card sales. It’s quick, efficient, and easy to manage. To receive a Merchant Cash Advance, merchants should provide a predictable credit card sales volume. This business loan alternative is turning into one of the most popular forms of financing for small business owners. Today, many merchants prefer a Merchant Cash Advance to a business loan. If you think a Merchant Cash Advance is a short-term loan, or a […]

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Should You Use a Merchant Cash Advance for Small Businesses Funding?

Many business owners shy away from merchant cash advances, not fully understanding what they are or how they stand to benefit from them. Even if they are aware of what this product is, they might still be unsure if they should use it as a small business funding option. If you’re still trying to decide, the following information will help you. What is a merchant cash advance? Contrary to popular belief, a merchant cash advance is not a loan. It is simply a sale. The alternative lender offers your business a lump sum of cash in exchange for your business’ […]

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4 Important Reasons You May Need Business Funding

As an entrepreneur, you may need business funding to grow and expand your business since your success is based on your growth. Below you can find 4 reasons your startup may need business financing. Get More Help If you’ve started your business alone and you’re playing every role in your company, you are likely to need more people on board who will help you with your business, otherwise, you won’t have time to pay enough attention to your overall business vision. With the help of a new staff, you’ll reduce the number of tasks you embark on and will be […]

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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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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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Applying For A Business Loan? 10 Important Points To Focus On

Applying for a bank loan is associated with many things. Filling out paperwork isn’t enough to get approved for a bank loan. Below you can find 10 important points to focus on before applying for a bank loan. Do You Qualify for a Bank Loan? If you see you cannot qualify for a bank loan, applying for it will hurt your credit. Find out the requirements of the bank beforehand. Most banks will tell you the lowest credit score, the cash flow and other qualifying factors they require. The Amount You Need Make sure to know the exact amount you […]

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Business Loan Vs Merchant Cash Advance. Which One To Choose?

Businesses looking for access to capital face a basic choice between a business loan and a merchant cash advance. Both business funding options can help you hire new employees or finance a major marketing campaign, expand your business or just get out of a cash flow crisis. Which one to choose? Business Loans Businesses loans are designed for businesses and not individuals. They have a fixed term and agreed interest rate. Business loans have traditionally been popular among business owners because they offer the following benefits: As compared to a merchant cash advance, a business loan is cheaper and offers […]

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Why Banks Deny Loans To Many Small Businesses

Growing a small business is not easy and may be rather challenging sometimes. Business owners regularly face problems that may put their companies at risk. Of course, to take their business off the ground and start growing, entrepreneurs should secure business financing. Though there exist a wider variety of funding options, finding one can be rather problematic. Below you can read important statistics concerning the fact why you may get refused when applying for a bank loan or credit line. According to the Small Business American Dream Gap Report, about 3 out of 10 small businesses had more difficulty to […]

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Getting A Business Loan From An Alternative Online Lender

Getting business funding requires some planning. It is important to gather the required information and documents ahead of time. This will help you go through the whole process easily. Alternative online lenders are a great option to apply for business funding. They offer fast approval and ease of application process, and are increasingly becoming more and more popular. Generally, you’ll be required to provide only 3 or 4 documents. The whole process will take minutes instead of days, and you’ll be able to get your funding in some 24 hours. It’s critical to turn to a reputable business loan provider […]

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