While you are continuing to figure out your cash flow during the beginning stages of your business, using a personal or business credit card may best type of financing to help you with those unexpected expenses. If managed properly, a credit card can help you get started and take care of any financial challenges along the way. Check out the benefits of using a business credit card here: It’s a Simpler Financing Option Than a Bank: Getting a new business loan from a traditional lender is not easy when you are first starting out. In most cases, banks require you […]

As you grow, there are countless reasons and situation in which your business will need extra cash. Expanding your business and investing in a new marketing strategy require working capital. New equipment, hiring new staff and increasing inventory require cash. When you experience slow periods and need an influx of capital, you will also need a source of additional funds. Does this sound like your small business’ current situation? Do you have plans to expand your operation? Consider the following reasons why a small business cash advance from First American Merchant may be your best funding option. Credit score is […]

For many, owning their own businesses are the quintessential American Dream. Oftentimes, the best way to make your dream a reality is to market a skill that you are not only passionate about but that you have mastered. Whether its handcrafted jewelry or masonry, once you have decided what services you will offer and how they will value your customers, you need the business funding to get it off the ground. In here, lies the tricky part. Startups Have Much to Think About Where will you get the seed money? How you will keep enough cash on hand to handle […]

In September, the Federal Reserve raised the interest rate for the third time this year to between 2 percent and 2.25 percent. Officials expect it rise again in December, and at least two more times in 2019. See, the Fed shifts the rates whenever it wants to trigger a change in the economy. The hikes are a good sign that the central banks have confidence in the economy. The Fed plans to raise the rates again to a neutral level that seeks to neither spur nor slow economic growth. As the economy expands, unemployment rates drop, and inflation running at […]

Of the 28 million small businesses operating across the United States, 39 percent are owned by women, according to the Score’s The Megaphone of Main Street: Women’s Entrepreneurship, Spring 2018 report. Though the number of women-owned businesses continues to rise, only 25% of women seek financing for their businesses. The truth is that most new entrepreneurs have trouble getting banks to lend them money. But, women find it even more difficult to seek and obtain financing. If a woman has bad credit, as well, she can expect her lending options to become even more scarce. To keep business’ running and […]

At one point or another, every business will encounter a situation in which they need more cash. Even the most successful, dedicated small business owner will face periods where there is not enough working capital to cover day-to-day expenses. Purchasing new equipment, supplies and inventory will also be difficult, if not impossible. This is where small business financing comes into play. It’s important to note that not all small business financing options are created equal. Your credit, time in business, available collateral, financials, business type and industry are just a few of the factors that will determine which option is […]

Are you a small business owner in need of cash? Have you been comparing business loans, but are unsure which option is right for you? You’ve come to the right place. It’s true that not all business loans are created equal. Let’s go over the differences between a traditional loan and an unsecured loan. Find out if an unsecured business loan is right for your business, or if an alternative loan option is better suited to your needs. What is an Unsecured Loan? A traditional business loan is a secured business loan. This means that it is secured by some […]

If you’re a small business owner, you know what it’s like to be short on cash. Seasonal slumps, plans for expansion, and hiring new staff all require money. Covering day-to-day costs like payroll also require positive cash flow. If your business is a startup, you will really need a steady flow of capital to keep your new venture running smoothly and to seize new opportunities when they come your way. It can be really frustrating to find cash as a small business. Traditional lenders typically shy away from small businesses, preferring to work with bigger businesses. If you are a […]