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Micro Loan Blog Posts

By First American Merchant

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

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 Make a Merchant Cash Advance Work To Your Advantage

Merchant cash advances are among the most popular methods of raising quick capital for business. By definition, an advance is an immediate financial advancement, which is given to a merchant in exchange for a share of future credit and debit card receivables. A MCA shares a few similarities to a loan, most importantly the aspect of paying back the money borrowed by the end of a stipulated time. However, it’s often a great alternative to a bank loan because it allows for much needed financial flexibility, provides immediate funding, and is quickly processed. Nevertheless, MCAs still need repaying. Before applying […]

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Any Idea What’s In Your Business Credit File?

Do you have blank credit files? This can create challenges for you as a small business or startup owner. If you think there isn’t anything negative in a blank credit file, it’s not true: empty credit files are as bad as bad credit ones, as Erik Simon, director of marketing and communications for Dun & Bradstreet Credibility Corp, a business-credit monitoring service provider, notes. Business credit information can play a crucial role since many companies, including lenders and insurance companies, take it into account while making decisions. So, your business credit, like your personal one, can help you when borrowing […]

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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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Why Banks are Rejecting Your Application for a Small Business Loan

Whether they’re in need of startup financing or cash to cover expenses, the first place an entrepreneur typically looks is their local bank. Unfortunately, securing small business financing is a much more complicated task than many realize. According to the NSBA’s 2016 Year-End Economic Report, “Despite a significant shift in outlook, small business access to capital remains stubbornly unchanged with just 69 percent of small firms able to get adequate financing.” Many business owners fulfill seemingly endless requirements, only to find out weeks (or even months) later that they’ve been turned down. Setting them back to square one. Meanwhile, their […]

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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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Working Capital Loans | Pros and Cons

Working capital loans give businesses a great opportunity to generate capital and focus on business growth and expansion. To achieve success and take your business to the next level, it’s vitally important to have capital on hand so to be able to cover marketing costs, payroll, and any other financial expenses that you may come across within the daily operations of your business. Working Capital Loans A working capital loan can be defined as a specialized loan type that your business can receive. It can help you meet the everyday financial needs of running your business. If you draw a […]

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Get the Best Short Term Loans for Your Business

No matter you are a startup with a slow business cycle or need a positive cash flow, you may be in need of business funding so to be able to fight the competition and grow. To meet your immediate financial needs, you can apply for a short term business loan. For this, you should find a reputable business loan provider like firstamericanmerchant.com, to turn for short term business loans. First American Merchant is an award-winning business loan provider and processor that specializes in the high risk industry and boasts an A+ rating with the BBB. Short Term Business Loans With […]

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Get a Business Loan With Bad Credit

All small business owners know how difficult it can be to get access to working capital. This is especially true of those businesses that are tabbed as high risk or have bad credit. The important thing is that these businesses shouldn’t let bad credit or lack of business experience keep them from the loan money necessary to make their business grow. What Is Bad Credit for a Business? As you know, for years, bad credit could damage a business before it even began. Bad credit could make it impossible for a merchant to obtain a bank account, a plastic card […]

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Business Loans for Women Owned Businesses

Women-owned businesses made up almost 30% of all businesses based in America. They accounted for an economic impact of almost $3 trillion, thus generating or maintaining 23 million jobs, which is 16% of all the jobs in the US. In 2016, innovative companies were introduced by female founders. Women entrepreneurs earned millions to expand their businesses. Financing for Women-Owned Businesses It’s not too easy for women to get access to working capital. It can be challenging for them to obtain business financing from traditional lenders to grow their business. To give approval for a small business loan, traditional lenders can […]

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