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merchant cash advance Blog Posts

By First American Merchant

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

A Guide to Merchant Cash Advance Underwriting

The merchant cash advance (MCA) industry was born back in 1998 as a response to a decline in small business lending from traditional banks. The MCA was introduced through a company called AdvanceMe (now known as CAN Capital). Interested in a Merchant Cash Advance? The merchant cash advance can be described as a category of SME financing, which, however, differs from other SME financing options. Regulators don’t consider MCAs loans, so this type of financing isn’t subject to the same legislation that governs other types of small business financing options. According to a report by one of the investment banks, […]

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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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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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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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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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How a Merchant Cash Advance Can Boost Your Business Esteem

So, you are a small business owner. You have committed your whole life in propelling your business forward. But as you might have noticed that it has become increasingly difficult to attain capital to grow your business in this day and age. Banks are becoming tyrants instead of actually helping businesses, they always seem to have a problem with everything. They will make you sign a dozen documents, put many restrictions on the use of the money you will get from them, and even after you are done with all the formalities, you still have to wait a while before […]

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