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2021 October Blog Posts

By First American Merchant

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How to avoid business financing that seems too good to be true

Alternative funding can be the safety net for a business in a tight spot, but it can also be the worst bane of your existence–and the beginning of a debt cycle. A Merchant Cash Advance is common among phony alternative lenders looking to rip off needy small business owners.  Unlike traditional loans, these products feature painless applications and instant funding (in as soon as 24 hours). It’s no wonder most entrepreneurs rush to accept these offers even before reading the fine print. What’s a Merchant Cash Advance? A merchant cash advance is a short-term loan that allows businesses to access […]

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Can I Ask Employees About Their COVID-19 Vaccination Status?

One of the biggest challenges for employers regarding COVID-19 is keeping track of which employees have been vaccinated. Asking workers about their COVID-19 vaccination status is a smart thing to do. It’s also something that you probably don’t feel comfortable asking.  And for a good reason; health-related information is a sensitive matter. Furthermore, laws in the United States prohibit discrimination against employees based on their vaccination status. While there are no regulations burring you from asking them about their vaccination status, the best practice would be to comply with existing regulations on employee health data. Here are some common questions […]

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3 Ways Business Owners are Using Their Credit Score to Scale

Unpredictable events, changing consumer trends and unexpected costs. It’s safe to say business owners today have a long list of challenges stacked against them. With few business financing options available, many companies are turning to alternative cash solutions like the merchant cash advance. What is a Merchant Cash Advance? If you’re unfamiliar with this financing tool, a merchant cash advance (MCA) provides businesses with quick cash – much faster than a traditional lender is able. An MCA provides your company with a lump sum of cash in exchange for a portion of future credit and debit card sales. The repayment […]

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