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2019 May Blog Posts

By First American Merchant

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

The Small Business Loan Checklist: Here’s Everything Your Lender Is Looking For!

How do you get hands on a small business loan without hassling from lender to lender? Your ability to pay back is key! Banks are more interested in your capacity to settle a loan than anything else. Here’s what they go through: Bank statements Business assets Debt utilization Practicality of your business plan Financial statements Business and Personal Credit Scores Your loan requests are not bearing fruits because the lender is not able to easily determine your creditworthiness. Make sure all the information you provide is accurate. Double-check from the most seemingly basic info like your name, phone number, tax […]

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Is it Okay to Accept Investment Capital from Your Partner?

You’ve just gotten married, or you’ve been together for a while and your thinking of increasing your sources of income. You talk to your spouse about starting a business, and he/she is excited and offers monetary assistance. What are some of the responses you would give to him/her? Research indicates that one of the reasons for stress in relationships is money. Constant arguments on cash can be used as a predictive factor for divorce. Nevertheless, it is important that you invest in your life partner and share in his/her dreams to strengthen your relationship. Let’s look at some of the […]

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How to Handle Cash Flow in Your Construction Business?

In the past years, the construction sector has been experiencing immense growth raking in more than $1.2 trillion in 2017 alone. However, challenges are limiting construction startups and growing companies obscuring them from sharing in the huge success of the industry. The most prominent of these challenges is managing cash flow. In a recent survey by kabbage, 28 percent of companies reported cash flow as a major challenge in their first year of business outweighing the difficulty in finding new clients. Here are some of the reasons the construction industry comes by cashflow problems: Having cash that’s tied up in […]

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Chiropractic Practice Funding: Get a Merchant Cash Advance

Are you one of the many chiropractors looking for chiropractic practice financing? No need to worry! This article will help you bypass the challenges associated with traditional financial institutions and get a merchant cash advance easily. Chiropractic Business & Funding Americans are now more concerned about their health than ever before. So, it’s no surprise that chiropractor offices are being opened on every street. After all, people want to avoid taking pills as much as possible and are looking for drug- and surgery-free alternatives in the field. Many doctors these days are interested in owning their own chiropractic practices while […]

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Need Funding with Bad Credit? High Risk Business Loan 2019

You need low cost, flexible funding options, don’t you? Well, what to do if your credit is far from being excellent? This article will show that obtaining a bad credit business loan or funding isn’t as frustrating as you may think. Also, you’ll know how you can get a high risk business loan with ease. Small Business Funding with Poor Credit Serving as a calling card for your business, your credit score shows you haven’t been an excellent “manager” of your finances. The truth is that 500 – 550 (FICO score) will definitely put some rocks on your way. However, […]

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Does Your Credit Score Reflect Your Performance? — Here’s Experts Advice on How You Can Influence Your Business Credit

Both your personal and business credit status affect your business. That’s it! Enough light has been shed on that. So, if you haven’t made changes, then you’re the main reason your company isn’t getting enough financial backing when things are heading south. But business and personal credit scores are handled separately. The three major credit bureaus manage personal credit status; Equifax, Experian and TransUnion. And these organizations do not release your credit info without your permission. On the other hand, business credit is monitored by the three main credit bureaus: Dun & Bradstreet, Equifax, and Experian. But several other, smaller […]

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The 4 Financial Blunders Killing American Startups

The Small Business Administration reported that nearly one-third of startups don’t cross over the first two years, and almost half of them shut down within five years. It rings a loud bell but comes as no shock because money management is one of the biggest challenges facing entrepreneurs. If a 2016 survey found; 36 percent of small companies mentioning cash flow management as a problem, and 43 percent citing increasing revenue as a challenge, then it means budding entrepreneurs still need assistance handling business finances. So where does the rain start falling on you and how can you read red […]

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New Ways Scammers Are Likely to Target Your Small Business

As you toil to achieve business success based on your goals and objectives, Cybercriminals are doing double duty to breach your site and loot a share of what they haven’t worked for! And while you may say— “my business is small, it just kicked off, there’s not much a cyberthief can get from me”— it’s safer to switch sides and stand on the safer end. The safer side here means being proactive when it comes to security. Remember, of all the cyberattack threats, nearly two-thirds target small businesses. So, you want to be watchful against any phony requests that may […]

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Business Funding: 9 Reasons to Borrow Now

Today, small business owners have multiple options when it comes business funding. The important thing is to avoid borrowing money too aggressively and without a sound basis. This article will tell you some basic reasons why should borrow now. Business Funding: Borrow Now or Not Did you know that 50% of business fail during the 1st 5 years and 66% during the 1st 10? Right planning, funding, and flexibility are the most important factors to help you success and not fail. When it comes to funding, more businesses feel comfortable with online lending. Yes, this is a fact. Why? Online […]

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Know How to Fund Your Business: Merchant Loans for Startup

Are you looking for access to working capital to finance your next big idea? How can you obtain merchant loans for startup without difficulty? What’s important to know about financing your own business? These are questions each business owner is interested in. So, just keep on reading to find the answers below. Financing Your Own Business Not all businesses have the same needs. So, there’s no one-size-fits-all approach to getting a financial solution for your company. You should take into account several things, such as the personal financial situation you’re in and what vision you have for your business. You […]

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