Taking a small business to the next level isn’t easy at all. No matter how experienced you are, you have to overcome several challenges on your way so to be able to grow and expand your business. Access to working capital such as a cash advance is one of the most important things in this regard. This article will tell you when a Merchant Cash Advance (MCA) can be the right option for you to choose. What Is a Merchant Cash Advance (MCA)? An MCA isn’t a loan as many think. In fact, an MCA is simply a sale. The […]

Are you a trucking business owner in need of business funding? If yes, it’s critical for you to find a reliable and affordable business financing provider. Since your business is considered high risk, it’s important to turn to an expert lender that specializes in the field. To get to know how you can get access to the necessary working capital, just read below. Interested in Financing for Trucking Companies? The availability of funds is too important for trucking business owners. Otherwise, they can’t stay organized, keep the trucks on the road, and maintain a staff of competent and committed drivers. […]

Are you a small business owner interested in how you can get a merchant account so to start accepting credit cards? Well, you should be aware that your credit can greatly impact on whether you can get approved for credit card processing or not. This article will tell you about good and bad credit, as well as how you can get approved for a bad credit merchant account. Your Credit Score Really Counts The results given by different scoring systems may have slight differences. FICO (Fair Isaac Corporation) is a data analytics company based in San Jose, California focused on […]

Owners of businesses that go through periods of rough seas know it can be challenging for them to obtain access to working capital. Struggling small businesses usually don’t expect a warm handshake from their bank or credit union. Instead, they very often get a cold shoulder. If you own a struggling business and want to get business funding, read below. Business Loans for Struggling Businesses Even if you work hard and with great dedication, there’re factors outside of your control. These include recessions, surging competition, rising supplier pricing, and changing customer preferences. You can’t predict them or keep them under […]

Since the Great Recession, it has been extremely difficult for small business owners and business startups to find traditional lenders willing to work with them. This has made it very challenging for businesses fund growth, and for entrepreneurs to turn their business idea into a reality. Over the last few years, the merchant cash advance (MCA) has become a go-to alternative business funding option – and continues to gain popularity. What is a merchant cash advance? Contrary to popular belief, a merchant cash advance – also known as a business cash advance – is not a loan. It is a […]

Same-day ACH and eCheck processing are still underused payment taking methods compared to other forms, e.g., credit cards. However, they always have the benefit of providing instant cash when you’re in need. You receive your money as soon as the on the same day; a feature that makes them unique compared to other payment techniques. So if you’re the entrepreneur whose business requires both/any of the payment services mentioned above, don’t worry where to start from. First American Merchant is a financial service provider that offers same-day ACH as well as eCheck processing. And they do this at very low […]

More than 25.5 billion Automated Clearing House (ACH) payments totaling about $43 trillion were made in 2016, according to NACHA statistics. NACHA is the organization that manages the ACH, which is the main network that processes most of the electronic debit and credit transactions in the United States, and is funded by the financial institutions it governs. That 2016 figure is an increase of about 1.3 billion from 2015, which represented growth of 5.4%. As consumers move further away from paper money and shift to move toward an electronic, interconnected and mobile infrastructure, it’s no surprise that the number of […]

Are you an ISO agent in search of a financial institution that will turn cash advance deal declines into dollars? Well, First American Merchant is a popular online funding provider that works with all types of businesses regardless of type and may have your solution, to help close those hard to fund deals. Though merchants can directly come to us for funding, most MCA sales are the efforts of ISO agents who visit potential clients and link the bridge. The Problem Most times cash advance deals get turned down because the agent is dealing with a lender who is less […]

If you have been searching for small business loans, you have probably run across the term “high-risk business loans”. Confused? What is the difference between the two, and how do you know which one is right for your business? Small business loans are very hard to secure. Applying for one with a traditional lender will likely involve extensive documentation requirements, collateral, financials, and long wait periods. For many, it is hours spent compiling information only to find out after waiting weeks (or even months) that they have been denied. One of the biggest reasons a business is turned down by […]

As a small business, it can be challenging to keep up with ever-changing technology. However, if you want to remain competitive with larger corporations, it is a must. One of the ways you can improve your customers’ experience and operate more efficiently is to introduce countertop ATMs. If your business has been trying to stay ahead of the changes in payment processing to safely accept debit and credit cards from customers, you will definitely appreciate the benefits of having a countertop ATM. What is a Countertop ATM? A countertop ATM is exactly as it sounds: a small device that can […]