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2018 July Blog Posts

By First American Merchant

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

The Math of Business: 5 Financial Metrics All Micro-Business Owners Should Know

All micro-business financial metrics discussed below are known to pretty much every retailer in the world of commerce. However, this guide seeks to shed more light on these critical aspects of running a business. So what are some key metrics a small firm owner should check? 1-Income/revenue Income is the equal of your total sales. Without revenue, your business is as bad as dead. You can’t pay staff, order product delivery or sustain operations. So income straight away qualifies as the first metrics to put a tail on. If possible, track your daily, weekly, monthly, quarterly, and yearly income to […]

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The Differences Between Unsecured, Secured and Prepaid Business Credit Cards

Just like when seeking a merchant loan, credit experts strongly advise that you compare your options carefully before placing a finger on the business credit card to use for your company. Therefore, the best credit card for your small business depends on your business’s needs. The most common commercial credit card types are unsecured, secured course, and prepaid business credit cards. Discover the differences between these three card types below. 1-Unsecured Business Credit Card Unsecured credit cards like unsecured loans are issued by card providers, e.g., Visa, American Express, or MasterCard to offer retailers a collateral-free line of credit. Your […]

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2018’s Guide to Building Business Credit

Every retailer is aware of the importance of building business credit— most of them just don’t know how to go about it.  It is one factor they look at when assessing your eligibility for a micro-business loan, a line of credit, or any other kind of funding. Follow this guide to build credit for your company. Understand the process of Business Credit Reporting You need to learn the process of business credit reporting. Credit reporting agencies get their data from the lenders and creditors that offer you funding and process the info via an algorithm to determine your business credit […]

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Credit Struggles That Plague Business Owners

Are you faced with some conditions that aren’t favorable for business funding? What credit-related obstacles may appear on your way while you’re trying to obtain business financing? Where can you get reliable and affordable funding for your business? How can you get low cost merchant services such as a bad credit merchant account without challenges? Read this post and you’ll know. Business Struggles: Bad Credit Merchant Account JJ Ramberg, founder of Goodshop says, “There is no magic bullet in business.” As he further notes, the majority of people are concerned about things they don’t have much or any control over. […]

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From Restaurant to Food Truck | Get a Cash Advance

Are you planning to start a food truck business? Why not join the food truck craze that some of the biggest brands have already done? Why not follow TGI Fridays, McDonald’s, and In-N-Out Burger? This article will tell you the nuances associated with food truck businesses. Also, you’ll learn where to get exceptional funding like a cash advance for your business. Expanding Your Restaurant into a Food Truck You may have heard that lots of restaurants have taken their first steps as food trucks and then chosen a physical location for them. Did you know that the opposite trend offers […]

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Why Your Dispensary Should Use Marijuana Funding

It’s true. Legal-marijuana businesses have a very hard time raising the money they need to start and grow their business. Even though states are pushing hard to legalize cannabis, it remains very much illegal at the federal level. As a result, big banks won’t risk lending them capital or opening a merchant account. Where are Marijuana Dispensaries Finding Financial Help? With a growing number of marijuana companies, help is obviously coming from somewhere. Many entrepreneurs choose or are forced to self-fund from personal savings or business profits. Scott Jordan, director of business development for Colorado-based Dynamic Alternative Finance, says that […]

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Ways to Market Your Business to Millennials

There are 71 million millennials, aged 20 to 35. This unique group looks for marketing approaches that are much different than what previous generations responded to. As you put together your small business marketing strategy, make sure you also consider the following tips: Optimize content for social media Nowadays, there is so much content on the internet. The key to keeping your millennial customers’ attention is to share great, personalized content. It is especially important to focus on optimizing content for social media. When it comes to millennials, social media is the new SEO. Reach out to millennials via social […]

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How Internet Sales Tax Will Affect eCommerce

The Decision by the US Supreme Court The Supreme Court’s rule allows states to require the collection of sales taxes for online purchases. This refers to any area in the US that the seller might be located. This new decision stems from a lawsuit filed by the State of South Dakota in 2016 against online retailers Wayfair,, and Newegg. Daniel Castro, who’s the Vice President of the Information Technology and Innovation Foundation, says that the ruling aims to ensure consumers will pay sales taxes through large corporations like Amazon or Etsy. Beyond that, it’s made to stop unfair competition […]

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Merchant Cash Advance Blueprint Guide

Financing doesn’t need to be problem when you run a startup or a small business. Forget about traditional loans and instead get a merchant cash advance without a business history or collateral. Whether you need to make an emergency purchase or you need to add some money to your marketing strategy, a merchant cash advance can supply you with the funds you need right away. Since a merchant cash advance is repaid with your future credit card sales, you don’t need to have any assets to put down as collateral. Also, those with less than stellar credit can still qualify […]

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Terms All Business Owners Must Need to Succeed

Knowing basic accounting terminology will help you efficiently manage your cash flow and make you aware of when you won’t have enough and will need to find it elsewhere. The problem is that small businesses are often by newer owners who don’t always realize they are in trouble until too late. Small businesses also face the challenges of not being very attractive to traditional lenders, like banks. They don’t want to take a risk on businesses, especially those in high-risk industries, because they have no collateral and nonexistent or poor credit. But, by knowing when you may be facing a […]

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