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Small Business Blog Posts

By First American Merchant

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

The Best Financing Options For Your Small Business

There comes a time in the life cycle of a business when it needs some form of financial help. If you’re an SME owner, for instance, you could want more funds to buy equipment, hire new staff, grow your brand’s awareness, clear your debts, or just meet daily operational costs. Whichever reason it may be, raising capital is rarely an easy endeavor. Nevertheless, you can sleep a little more soundly at night by choosing the method that is best for your situation. Below are some viable options. SBA loans The Small Business Association has been issuing loans to SMEs for […]

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Looking for a Working Capital Loan?

  Small businesses can be characterized as micro-managed organizations that are doing their best to complete the most with the least, especially when it comes to cash reserves. If you, as a small business owner, have little or no working capital, you’re going to find yourself in a harsh reality. Getting Access to Working Capital Finding a source for working capital can be challenging for small businesses. Traditional banks have strict requirements and aren’t willing to fund businesses with poor credit scores: they prefer established, reliable businesses. So, small businesses and entrepreneurs should find a reputable business loan provider like […]

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5 Alternative Business Funding Options for the Startup Entrepreneur

Whether your business is established or a startup, money is always a concern. From purchasing new equipment to covering payroll to hiring new employees, cash flow must be managed closely. Failing to do so will have devastating consequences. Opportunities will be missed, it will be difficult to keep up with the competition and/or growth and expansion will come to a halt. A year-end report by the National Small Business Administration (NSBA) revealed that 27 percent of the businesses surveyed claimed they were unable to secure the funding they needed. Desperate for funds to launch their venture or fund expansion and […]

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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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Is the Merchant Cash Advance an Option for the Small Business?

A new alternative to the traditional small business loan, merchant cash advances continue to grow in popularity. Why? Instead of waiting weeks (or months) for cash – only to find they’ve been declined – the merchant cash advance allows the business owner to secure cash fast. An alternative lender like First American Merchant can advance you the funds you need in as little as 72 hours (if not sooner). The lender provides you with this working capital by making a purchase of your future credit and debit card sales; the amount of sales and the discounted cost are agreed upon […]

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5 Ways Your Small Business Can Improve Cash Flow

Unfortunately, many small business fall victim to poor cash flow management. While it isn’t uncommon for a business – especially a startup – to operate at a loss initially, constantly struggling with your bottom line can place your business in a dangerous situation. Your business is only as healthy as its cash flow situation. Consider the following ways you can ensure your business’ cash flow improves and stabilizes. Create a Forecast Improving your cash flow situation begins with assessing where your cash flow currently stands, and where it is projected to be in the future. Small and mid-sized businesses experiencing […]

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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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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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Filling The Small Business Funding Gap

JPMorgan Chase & Co. has partnered with a non-profit organization that helps finance small business and startup companies to offer a new financial program. The latter is developed for women, minority and veterans. As you know these groups are at a disadvantage when it comes to small business funding. Access to Business Capital According to the JPMorgan Chase Institute, small business owners, as a rule, have 27 days of cash reserve on hand. 1/4 of them have 13 or fewer days, so quick access to capital could be of vital importance for small business owners. JPMorgan Chase hopes to fill […]

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