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merchant loan Blog Posts

By First American Merchant

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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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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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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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Four Steps to Take When Your Customers Don’t Pay Their Bills on Time

Late payment is a problem that plagues the cash flow of many merchants and is one of the fastest ways to go out of business. Regardless of how successful or established, a major part of your job as a trader is to ensure that all transactions are completed on time. Of course, the billing policy you’ll employ will depend on your type of business. If you run a large-scale enterprise, for example, your clients will likely expect to be given at least a few weeks to pay their invoices. And although you’re often left with no choice, agreeing to their […]

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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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How You Can Minimize Your Business Spending

Maintaining a steady cash flow is paramount for the healthy growth of your enterprise, and doing so demands streamlined spending habits. While we don’t recommend just going for the cheapest business services available, you should sit down and evaluate the areas where you might be able to save some cash. Here are a few tips on how you can cut operational costs while maintaining the quality standards of your goods and services. Bundled internet and phone packages As a business owner, you probably spend a lot on cellular and internet services. Because simply doing away with these expenses is not […]

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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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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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Top Ways To Use A Business Line of Credit

A line of credit is a good option for small businesses as they can use it to fund a variety of needs. The latter include building a credit history for future financing and having a great deal of flexibility as compared with other financing options. Also, a such business funding allows for accessing your credit whenever needed, paying down the balance as your cash flow permits, and using it again and again. Below you can read how to use a business line of credit correctly. Building Up Credit Scores You can use a business line of credit to build up […]

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Three Ways to Leverage the Dynamic Business Culture

Business culture is always changing, mostly in ways that you cannot completely control. The business ecosystem is naturally dynamic – as a result of a never-ending cascade of new elements. Here’s how it happens: you sign in a new client, there’s an impact they make to the business culture. You hire a new associate, promote an employee or operationalize a change of whatever kind, the culture of the business changes. The changes can be favorable or unfavorable. Success all depends on how well you can leverage them for the better: Appreciate the power of the ripple effect Every event or […]

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