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Small Businesses Blog Posts

By First American Merchant

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

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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What Small Businesses Need to Know About Accepting Credit Card Payments

Credit card processing seems simple enough: Get a merchant account and set up your equipment, and you’re good to go. But for very small businesses — such as mom-and-pop shops, one-person operations and home-based sellers — the decision to accept credit cards means having to consider some very unique needs. From the difficulty of getting approved for a merchant account to losing money from fees and facing the challenges of using the same technologies as large corporations, the road to accepting credit cards can be rough. Nevertheless, small businesses don’t have to be at a complete disadvantage. Just because you’re […]

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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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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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3 Key Pointers to a Business Loan Scam

There’s a growing number of funding options available for small businesses that traditional banks are often less willing to finance. Unfortunately, scammers are coming in to take advantage of the situation with the aim of duping unsuspecting small business owners. These illusory characters operate both within the United States and from outside the country. They can steal money or personal information from innocent businesses by posing as legitimate loan brokers, lenders or other small business funding services willing to help out. Admittedly, it can be challenging to single out these unscrupulous individuals and companies from the plenty of reputable, legitimate […]

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SEO Tips For Your Small Business

You can use a number of ways to promote your business online. You can do it through search engine optimization (SEO), pay-per-click advertising, social media marketing, display advertising, or email marketing. Often, small businesses and startups choose SEO as their online marketing tactic. If budget is a problem for you to turn to an SEO specialist, consider following useful SEO tips to make your search rankings rise. Merchants interested in small business funding should consider applying to firstamericanmerchant.com. First American Merchant (FAM) is a reputable payment processor that specializes in the high risk sector. SEO Tips for Your Small Businesses […]

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Small Businesses That Have Trouble Getting Loan’s

Since the Global Financial Crisis, traditional lenders has placed more restrictions on loan applicants, which have decreased the number of small businesses that are approved for loans. According to a new study from Dun & Bradstreet and Pepperdine University, over a 3 month period, only 38 percent of small business that applied for bank loans were approved, in comparison to 70 percent of mid-size businesses. The following are some important steps to complete before applying for a small business loan. Keep Your Finances in Order Before you ask for a loan, ensure that your finances are in order. Lending institutions […]

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Digital Solutions Providing Funds For Cash-Strapped Small Businesses

Small business owners or starters may run out of necessary financial resources for their business. If you need a cash or capital infusion, or are ready to apply for a business loan, be sure there are various funding options apart from traditional bank loans. Modern Small Businesses and Entrepreneurs Online peer-to-peer (P2P) lenders may be willing to finance your business, but you should qualify for it. Investors and institutions in the online marketplace will lend you money with funds, which must be paid back like regular loans. Today, the majority of small businesses are not eligible for traditional bank financing. […]

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Bank Loans Still Difficult To Obtain For Small Businesses

Since the Global Financial Crisis (2007-09), small business owners had difficulty getting approved for a loan from a traditional bank or an alternative lender offering decent rates. Today, it has become much easier to get approved for a small business loan from an alternative lender. A recent study from Dun & Bradstreet and Pepperdine University’s Graziadio School of Business and Management shows that only 38% of businesses were qualified for a bank loan. In comparison to 70% of mid-size ventures. What is more, today, the Small Business Administration provides even fewer loans. In addition, only 1% of small businesses surveyed […]

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Small Businesses Add to Job Growth Jump

It’s been said that small businesses help America exist. Perhaps it’s true, especially in the end days of a recession. You can thank small businesses for bringing back the job market, and helping our economy recover. While the big-box corporations employee many, it’s small businesses that help bring communities alive, and keep it going throughout good and bad times. This is great for existing merchants, and for those who are looking forward to entering the business world. And while times are good for business growth, sometimes small businesses need extra funding to get started. This, however, it soften easier said […]

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