Give us a call for more info 1-800-210-5649

2014 April Blog Posts

By First American Merchant

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

Alternative Business Loan Options for Startups

Starting and running a business is an expensive task, and even if you put together a detailed business plan, chances are that your first couple years of  business will be full of financial stress. Many startups don’t break even for years- Honest Tea, founded by Seth Goldman took five years to make any  profit, and after ten years, they partnered with Coca-Cola. They got their money those first few years from personal investments, and funding from family  and friends. Sometimes, that’s not an option though. Not everyone’s friends and families are loaded, and some entrepreneurs don’t want to mix their […]

Read More…

The Best Business Ideas Start Out as Simple Ones

Most new business owners tend to think unrealistically when starting to set up their business. It is true that household-name entrepreneurs like Mark Zuckerberg, Richard Branson and Donald Trump have become quite the role model for aspiring business owners, which is probably how the dream of instant riches and success arises. “If they can start with practically nothing and end up being one of the richest on the planet, why can’t I?”, we hear you ponder. Below are some important factors to consider in order to set your mind in the right track, and to help you stop comparing yourself […]

Read More…

5 Handy Tips To Start Your Own Local Business

If you have been considering setting up and running your own local business, look no further. Many people across the nation are slowly starting to realize what a rewarding experience owning a business can really be, hence why the numbers of new business owners are sharply on the rise. However, it is common knowledge that the process can be a little stressful. That being said, here are some vital tips and guidelines to really get the ball rolling! Come Up With Clear Ideas Before setting out your business plan, you should have figured out the area and nature of your […]

Read More…

Business Funding – How to Get Money for a Business

First is startup financing. If you have come up with an idea for a business your next move will be business funding to start putting things together. After all, money is what will help you to make your business idea a tangible one. The first place you can start looking is on the SBA website to look for local entrepreneurship programs that will offer you advice on getting started. After you have gotten past this hump you will be able to get started looking for other business funding resources. You will also need to start getting your business equipment together. […]

Read More…

How to Get a Small Business Loan

Companies that have sound business strategies are easily able to borrow and get loans. Their options can be loans from the traditional banks and other institutions that are affiliated with the Small Business Administration and they may even receive additional financing from lenders that are internet based. There are three ways that a small business loan can be received. The bank is still the best option for getting a small business loan The lowest interest rates can still be found form the bank and many of these banks have also earned reputations for being a trustworthy lender. However, small businesses […]

Read More…

Merchant Cash Advances – Important Facts

One of the key things you need to know before starting your merchant cash advance is that while it may seem like a great idea at first, you will have to pay the majority of the merchant cash advance back within a six month time frame and your interest rate you are paying has the potential to be over 50 percent. If you are a small business owner that can be a bit overwhelming to take in. How do the lenders get away with it? Well they avoid calling these transactions loans and instead state they are purchasing a piece […]

Read More…

Thinking Outside the Box on Small Business Lending

You have a great idea for your small business. You have a wonderful location scouted out. What now? It may seem obvious, you need funding to get started. Do not let your lack of funds to be your reason for walking away from the opportunity. As the economy changes businesses are looking to expanding and many times this goes along with searching for lenders. Many lending options for those are starting a new business or expanding the one that you already have. Formal Lending Companies Several formal lending companies like banks, credit unions, and grants can help with funding your […]

Read More…

Economic Growth and Small Business Funding

Each year there are poles and indexes that are designed to help predict the economic outcome for the next year through the information from the past years. This is important when you are looking into small business funding. Depending on the rise in the index, many find that as a signal to more growth coming to the economy. The growth will not happen for a quarter or two in the future. For those looking into small business funding this could be a benefit. For the public the new equipment, tools, and upgrading facilities can be early signs of employment in […]

Read More…

Way to Increase Your Ability to Gain Small Business Funding

Location can mean everything to a new business. You want to make sure that you have the best place for your type of business scouted out. Sometimes the scouting can be a long process, but it is always worth the time to complete. Many factors come into play when you are searching for small business funding and location space. An important thing about the location of your business, this can help a person with the needed requirements to obtain funding. Resources One of the most important things that a person needs to think about is going the cities percentages of […]

Read More…

The Top 5 Things You Should Know About a Merchant Cash Advance

There is some confusion for business owners over what path to take when it comes to the different options in receiving working capital. Most business owners assume they have to receive lending through a bank. While this is a common solution for some, some do not have the necessary requirements to receive such help; nor do they have the time to wait for how long some loan paperwork takes to be processed. A lot of business owners do not fully understand what a Merchant Cash Advance is and how it can benefit them. According to, “Flexibility is a keystone […]

Read More…