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2022 September Blog Posts

By First American Merchant

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

The Recession: Is it Good For US Small Businesses?

The recession, as we call it, is a time of opportunity for some and a time of trial for others.  For the daring entrepreneur, it is an opportunity to start a business. For others, it is a time to wind down and take a break from entrepreneurship. And this makes sense because businesses cannot always get the resources they need to run operations and fuel growth. Most retailers don’t understand how a recession can be a good thing.  Yet it gives a business owner a chance to test their company’s strengths and weaknesses during difficult economic times. Why a Recession […]

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Why Was My Request for a Business Loan Rejected?

A good business loan application is a key to success in any business. It can help you get the funds you need to grow your company, expand and hire new employees, or even get things off the ground.  But there are plenty of reasons why you might have a hard time getting approved for a business loan — here are five of them: Reasons Your Bank Denied You a Loan 1. Your business is new If you’re new to the loan game, it’s going to be harder for you to get approved for a business loan than someone who has […]

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Where to Go for Loans if You Have Bad Credit

It’s not uncommon to find yourself in a situation where you need money but don’t have the best credit.  Maybe you have an emergency expense or unexpected bill, and you don’t have the cash on hand to cover it. Or, perhaps you’re looking to consolidate some debts or make a large purchase, but your credit score won’t allow a good interest rate. Whatever the case, if you need a loan but have bad credit, you may wonder where to turn. Luckily, there are many bad credit loan options – you just need to know where to look.  Here are the […]

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When is the Right Time to Seek Business Funding?

The moment you decide to go out and seek funding for your business is a significant milestone in your entrepreneurial journey.  It’s easy to get caught up in the excitement of starting a new venture, but it’s crucial that you take the time to consider how seeking funding will help or hurt you.  You want to ensure that your business has the best chance at success, so you must weigh all of your options and make an informed decision about what kind of funding is right for your company. When is the Right Time to Seek Business Funding 1. Your […]

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The Role of Payment Analytics in Business Expansion

Payment analytics is the process of analyzing data to understand customers’ payment behavior. Businesses can use it to understand better how customers are paying, where they are paying, and how they’re paying.  This helps retailers understand their customer’s behavior, so they can make better pricing and marketing campaign decisions. It can also help you optimize your business’s processes, such as customer experience and fulfillment. Moving forward, you must understand your customers’ payment behavior because it determines whether you succeed or fail. The Pros of Payment Analytics  Here are the pros of using payment analytics 1. Create targeted marketing campaigns The […]

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Saving Money To Start a Small Biz: 4 Tricks You Can Start Today

Thinking about starting small biz? Well, it’s hard to ignore the financial commitment it brings. And because you can’t get anywhere without money, you must save some starting capital and gather what you need beforehand.  Here are some ways to save up and implement your idea. 4 Ways to Save the Money to Launch a Startup 1. Get a side hustle It’s normal to have a day job and start a business. But if you’re serious about starting a business, you need to be able to save money for the long haul. The best way to do that is by […]

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Restaurant Improvement Loans to Grow Your Business

According to the National Restaurant Association, the restaurant industry sales accounted for $799 billion in 2021. This was down $65 billion from 2019. Have you faced financial challenges recently? Who can help you with reliable and affordable restaurant improvement loans?  Restaurant Improvement Loans As a restaurant owner, you might need financing to open a new restaurant, expand your location, purchase additional equipment or inventory, renovate your restaurant, or go through a slow season. Thanks to a reliable and affordable business funding solution, you can easily obtain the necessary funds.  Think of restaurant financing as funds sourced, borrowed, or loaned that […]

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New to Merchant Cash Advances? Here’s Everything to Know

Merchant Cash Advance (MCA) is a loan alternative that allows you to get funding without getting approved for a conventional loan. If you’re money-hungry and need quick cash, an MCA may be the product for you. For those new to the world of merchant cash advances, the following is a basic introduction to the funding product.  Cash Advance: What is it? How Does it Work? An MCA is not a loan. It is an advance on your future sales.  A merchant cash advance is a type of funding where a merchant agrees to sell a portion of their future sales […]

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5 Financing Tips to Keep Your Business Afloat Amid a Recession

Businesses are going through a lot of changes right now. They have to deal with the realities of the recession, which means they have to cut back on spending and make tough decisions about how they plan to operate.  Here are five financing tips to help you survive a recession: 5 Financing Strategies to Survive a Recession 1. Use part of the funding you acquire to fuel growth When times are tough, it’s crucial that you don’t let your business become stagnant. Use part of the funding you acquire to fuel growth in new areas or expand your current offerings. […]

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