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2020 September Blog Posts

By First American Merchant

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

5 Money Management Tips to Keep Your Business Afloat

Tough times come and go. Of course, you want your business to be permanent and strong. To muscle through uncertainty and economic downturns, your business will need to adopt and maintain solid money management. If you find handling cash flow difficult and time-consuming, you’re not alone. In fact, nearly half (42%) of small business owners admit managing cash flow is a big challenge. But maintaining working capital is a must if you want your business to succeed, rain, or shine. The following tips will help you learn how to manage your small business’ money effectively and develop good financial habits: […]

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Credit Card Lending Shifts Strategies Amid COVID-19

In the past few months since the global pandemic swept the nation, consumers and businesses alike have been met with unprecedented challenges. Many businesses have closed their doors, never to reopen. Thousands of other companies continue on, but are unsure of where they will find the extra cash they need to keep going. Meanwhile, countless citizens are currently unemployed and wondering when things will get back “to normal”. This has all spurred changes in the credit card lending sector. The beginning of this month, several unique strategies were rolled out in U.S. credit cards: First, Capital One responded to the […]

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Where Businesses Can Turn for Capital – And Which Option is Right for You

Moving into the second half of 2020, so many business owners are in need of extra working capital. It has been a tough year, to say the least, and now we’re moving into the bustle of the holiday season. If you’re planning on launching a business soon, you are in even greater need of sources of financing. So, where’s the best place to find additional working capital? And how do you know which one is right for your business’ unique needs? Here are some of the top sources of small business financing, along with important questions you should ask to […]

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Difference Between a Grant and Business Loan + Alternative Funding

Running a business isn’t a simple thing, especially during challenging times. Business loans help you expand your company and take it to the next level successfully. In this article, you’ll see the difference between a grant and business loan so to come up with the best solution for your business.  Business Loans, Grants & Alternative Business Funding Options  Think of a business loan as funds that you can obtain from a bank, credit union, or another financing institution. This is an opportunity to get temporary access to working capital that you’ll be required to pay back over time and with interest.  When […]

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To Do or Not to Do: Is It Safe to Tap into a Merchant Cash Advance?

Reputation is king. Yet Merchant Cash Advances can be confusing for many small retailers and merchants. Public opinion is torn between their business-saving and bottom-line threatening capabilities. But come to think of it; this two-sided nature is a characteristic of all loan products. So the loan type isn’t always the problem; many other factors determine whether you benefit or plunge into bad debt. The cash advance product, however, has remained a sticking point for many reasons. It has a confusing reputation The cash advance model is still unclear for many merchants It uses factor rates instead of interests Can be […]

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How to Prepare Adequately for a Business Loan Application

You never know the critical role of business loans until your company falls between a rock and a hard place, and an injection of funding is your only haven. And of course, no one wants to plunge into a debt cycle in the name of saving their business. So you want to use some sure sources of commercial funding— loan products that can help drive success. Proper preparation is the key. Hurried borrowing can lead to business-threatening debt traps. And here’s the catch; if you (the borrower) can make a higher return on the lender’s loan fees, then the product […]

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Buy or Lease: Which Way to Go When Seeking Business Equipment?

Should you buy or rent the business equipment? Well, opinions differ on which approach is best, but the decision is yours to make as the business owner. Many factors influence the decision to purchase or lease equipment; and entrepreneurs must never ignore these driving forces. That’s because each decision has its set of advantages and disadvantages. And some specific business situations may benefit from one approach than the other.  The Underlying Differences The key difference between purchasing and renting equipment is that the latter means temporary ownership which only lasts as long as the deal lives. Buying or purchasing, however, […]

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What Qualifies As a Woman-Owned Business?

Woman-owned businesses are one of the leading sources that fuel our nation’s economy. More than ever, the US economy is dependent on the labor and dedication of women entrepreneurs. They are launching and operating businesses at an astonishing rate, executing with a great level of proficiency and competence. The National Association of Women Business Owners states that there are 12.3 million businesses owned by women in the US. According to the Women’s Business Enterprise National Council, women-owned businesses generate $1.8 trillion every year.  Helpful Resources For Assistance As a business, you are always seeking ways to grow and expand. And […]

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Managing Cash Flow In Your Business

Anyone who has ventured into the great adventure of entrepreneurship can testify that funds can be incredibly tight, especially at the beginning stages of your business. Regardless of whether you have solid angel investors supporting you or are just bootstrapping it, you need to ensure that the management of your company’s finances are without equal.  If you have not trained yourself to carefully scrutinize expenses and have not prepared for unexpected costs, be sure that your company will not survive.  What Is Cash Flow Management? When you hear about cash flow management, what comes to mind? It’s essentially about taking […]

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The Benefits of Merchant Funding

If you are looking for more funds for your business, you may have come across the term merchant funding or merchant financing. This might be just what you need to pay for your expenses, pursue new investments, and position your business for future growth. What Is Merchant Funding? Merchant funding or merchant financing is basically financing for merchants. It is a general term that refers to any business financing for any merchant with a “credit card processing system”. Often, merchant financing can be referenced as merchant cash advances. This funding type takes repayment automatically via your credit card processing system.  […]

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