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

2016 July Blog Posts

By First American Merchant

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

6 Steps To Take Before Applying For A Small Business Loan

Small businesses are cornerstones of every country’s economy. If you’re considering to start a small business, you should take into account the financial risks and challenges you may face as an entrepreneur in today’s world of business. There are several important steps to take when applying for a small business loan. Here they are: Know Exactly Why You Need a Small Business Loan Determine why your small business needs a loan. You will have to repay the loan so it should serve the purpose of growing and expanding your business. Lenders will take your business more seriously if you can […]

Read More…

Mobile Payments Processing Options – iZettle Vs Square

iZettle’s, a Swedish mobile payments startup, could be Europe’s answer to US mobile payments company Square. iZettle’s Growth Strategy iZettle was founded in 2010. Today, it is one of the fastest-developing tech startups in Europe. The company is among a group of growing financial technology or fintech businesses taking on traditional banks. iZettle offers small business owners and individuals to take payments via mini credit card readers: the readers are developed to turn smartphones or tablets into cash registers. The growth strategy applied by iZettle helps the company grow with rapid advances. In 2015, iZettle had an 81% increase in […]

Read More…

Business Funding Options for Those with Issues

Business funding options are plenty, but for some merchants it can be tough to secure even the most lenient loans. New regulations are leaving some out in the cold when it comes to finding and securing a business loan, and this can leave merchants and their businesses vulnerable. This vulnerability comes from payday loans and scams that claim to offer you funding, when all they are really doing is ripping you off. Before you apply for an unknown – and possibly a bad deal – loan, consult your merchant account provider. Most merchants have a merchant account provider to deal […]

Read More…

Business Loans for Struggling Businesses

All businesses struggle from time to time, and while some can seem to snap out of it quickly, others are scrambling for funds. There are many ways to obtain extra funding, commonly known as “alternative business funding”, and while not all are quick methods, they can help you get your business out of a hole. Some of these are true “loan” types, and have to be paid back, while others are “grant” types and do not. The choice is up to you, as all methods do not work for every business. Below are some of the best – and time […]

Read More…

Need Extra Funds for Payroll? It is Possible with a Merchant Cash Advance!

Payroll is coming up, and many struggling businesses may not be able to afford their staff. While some will run up their credit cards to do so, and some take a pay cut themselves, others are in a bigger jam without any way to find the funds. Making payroll – or paying any bill – when your business is struggling is tough – but it is possible. Below are many ways that merchants can find cash fast. Merchant Cash Advance: Typically the best way to get extra funds without any hassle, a merchant cash advance from your merchant account provider […]

Read More…

Have You Considered Alternative Business Funding?

Bank loans are a thing of the past for today’s merchants. From those with good credit, bad credit, no credit, and those in mainstream and “high risk” businesses, this is a risky way to get funds. While bank loans may be a no-go there may be problems finding an alternative business funding source – especially if your credit is not great. Fear not, because there are many ways to get the funding you need – without the hassle of a bank loan weighing on your mind and wallet. Crowdfunding: This is risky, because it is not guaranteed that you will […]

Read More…

Fast Business Funding

Business funding is essential for most businesses at some time or another. While many with good credit turn to their bank for a loan, those with bad credit, no credit, a bankruptcy, or even a “high risk” categorized business cannot do so. A quick business funding source may seem like a dream for those with credit issues, but it is a possibility with FAM. FAM, or First American Merchant, can provide same-week business funding to merchants with merchant accounts. Regardless if you operate a brick-and-mortar store or an online shop, FAM has catered to many diverse business industries in the […]

Read More…

Shift Your High-Risk/Poor-Credit Into a Driver of Business

Poor credit can hinder many things. From getting a home loan, getting a car loan, and it can even impact your chances of getting a job. But, what if you are your own merchants? What isses will you have if you have poor credit? Well, in short, the answer is “many”. From dealing with manufacturers and office supply stores, to finding a reputable and affordable business credit card, there will be a lot of issues. The most common – and most daunting – for many is trying to find business funding. You can find business funding with bad or poor […]

Read More…

Merchant Cash Advance FAQs for the Average Merchant

Merchant funding comes in many shapes and forms, and like everything else in life, there is a bad choice and a good choice. The difference with merchant funding is that there are more bad methods than good methods – making the search hard for average merchants who rely on themselves and word-of-mouth to find a good deal. Fear not, as the best merchant funding source is closer than you think. A merchant cash advance is what you need to look for when you are in need of cash for your business. This is not a loan; in fact, it is […]

Read More…

Bad Credit Doesn’t Mean “No” For Business Funding

Bad credit merchants know the drill: You apply for a loan, and are turned down quickly. Sometimes it is your personal credit. Sometimes it is your business credit. Other times it is unproven credit issues that can cause you to be turned down. Bank loans are a terrible idea to even consider, but many merchants do not know of another funding option when they are in need of extra cash. The first – and only – thing that you need to do is contact your merchant account provider. A business loan with bad credit is possible. However, the “business loan” […]

Read More…