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Merchant Loans Blog Posts

By First American Merchant

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Quick Cash for Your Business ─ Merchant Cash Advance

Do you need working capital for your business and you don’t have time to wait for weeks to get approved? A merchant cash advance (MCA), also known as a business cash advance, can be the right solution to your problem. However, quick access to working capital isn’t the only advantage offered by a merchant cash advance. Merchant Cash Advances and Business Loans As you may already know, not all types of businesses can easily get approved for business funding from a traditional bank or other financial institution. There are a number of reasons for this. First, traditional banks are willing […]

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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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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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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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Bank Isn’t Your Friend? Merchants are Looking for Alternative Business Loans

Forget applying to banks to get a loan for your business. Most of them stopped being in the “give a loan to a small company who has no collateral” business in 2007. This does not, however, mean that you are out of options to fund the growth of your company. Below are some of the anti-bank ways to finance your new business. Retirement accounts  Borrowing money from your IRA or 401(k) can be tempting. First consider a 60 day interest free loan from it. There are no fees if it is paid back in this time frame. Remember: This is […]

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5 Tips for First-Time Business Owners

Are you going to launch your first venture? Have you already gone through the process of setting up your new business? It’ll be quite helpful for you to go through the tips listed below so to be able to take your business off the ground and succeed. Focus on the Thing You Love Most Don’t act like those entrepreneurs who jump at every opportunity that they come across. You’ll be more productive and be able to conduct your business more effectively if you do what you love. Focus on the type of business for which you feel you have the […]

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How to Keep Your Business and Personal Credits Separate | Why Is This Important?

Many small business owners don’t keep their business and personal credits separate and use personal credit to run their business. In fact, acting like this could put you at risk if your business sinks. Moreover, today, many creditors don’t rely only on personal credit when judging a business’s financial health. The thing is that personal credit doesn’t serve as an ideal indicator of business behavior. So, from the aspect of legal liability, it’s important to separate your personal and business finances. Building a credit profile for your company, separate from your personal credit history, can help you access 10 to […]

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The Advantages of Being a Small Business Owner

If you’re a would-be entrepreneur, you have probably heard a million reason not to go into business. The internet, in particular, is filled with articles and publications cautioning about the pitfalls of self-employment, be it the risks involved, debt, a non-social life, and so on. But even with these uncertainties, thousands of new businesses are opened every year. In truth, the advantages of jumping into entrepreneurship far outweigh the risks. Here are some of the best perks of being self-employed. Control Business owners are typically Type-A personalities, i.e. people that like to take charge and make decisions, without always being […]

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Tips To Applying For a Merchant Cash Advance Loan… Even With Bad Credit

Although merchant cash advances have facilitated the prosperity of many businesses, some haven’t been as lucky. Like all funding options that need repaying, a MCA can make or break your enterprise. For instance, if your retail business is in need of immediate cash flow, a small business loan could help you get back on your feet. It’s quite easy, if you’re short of funds and your enterprise is making consistent monthly sales, applying for a merchant cash advance could add even more help alleviate the strain to your financial situation. A MCA is not a loan, but an advance on […]

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6 Possible Reasons Why Your Small Business Loan Application Was Rejected

There are many situations that call for a business owner to look elsewhere for business funding. Financing startup costs, fueling growth, funding expansion and covering operating costs, to name a few. When a business finds itself in a tight situation, the first place the owner typically turns is their bank. However, the task of securing a small business loan can be a very long, drawn-out process. Applying for a bank loan requires extensive documentation and long wait times for funding. To make matters worse, many of the businesses turned down for financing have no idea why their application was rejected. […]

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