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2018 September Blog Posts

By First American Merchant

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

Merchant Loans for Sports Bar Owners

Bar owners looking for ways to add new income avenues without moving to a new space should consider upgrading to a sports bar.  And the fact that you can get a sports bar merchant loan without much ado makes it something you really want to try. A ready market Russia hosted this year’s FIFA world cup that ended only a few weeks ago, and to many retailers, it was an excellent opportunity to make profits out of the event that attracted fans from different nations.  Sports bar owners are among the retailers who benefitted from this event as fans who […]

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5 Reasons Small retailers should use MCAs with caution

Retailers continue to send MCA applications amid the increase in the potential dangers of using Merchant cash advances as an aid to get through cash flow crises or obtain extra finances for any other reason. So what are the red flags a micro-business owner should watch out for when in search of MCAs? 1-You could end up with a triple-digit APR Some of the merchant cash advance offers in the market have triple-digit annual percentage rates. It is the total cost of borrowing per year plus all related fees and interest, typically ranging from 40% to 350% but varies depending […]

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Business as Usual: How to Better Manage Business Expenses during Slow Seasons

Drafting a careful budget and adhering to it can make or break your small company. But one way to increase your possibilities of getting through seasonal cash flow crises is to monitor your spending. Here are steps to help you manage your small firm’s expenses during low seasons. 1-Broaden your horizons— get more income streams This tactic has worked before and will continue to help retailers who use it wisely. Let’s face it; cutting costs is good but overdoing it may hinder your growth and potential to get ready for high seasons. And when you cannot reduce expenses, getting business […]

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