Everything today can feel complicated and costly as a small business owner. Trying to stay up-to-date on consumer preferences and industry trends is a lot. Add in improving processes and comparing options, it can go from complicated to overwhelming very quickly. One of the biggest decisions you have – and must maintain – is your payment processing solutions. In today’s market, the ability to accept credit cards, debit cards, and mobile payments have become non-negotiable. If you want to remain competitive, you have to give your customers multiple options.  But where do you start? Securing payment processing isn’t an easy […]

Running a small business is one of the most challenging and rewarding things you’ll ever do. It’s a unique combination of vision, obstacles, goals, and dreams. Even with the best idea on the market, the odds of success can still be daunting.  According to the latest information from the U.S. Bureau of Labor Statistics, one in five (18.4%) small businesses fail in the first year, and nearly half (49.7%) fail within the five-year mark. This is not meant as a discouragement to your venture, but rather friendly advice to help you avoid the common mistakes many of these business owners […]

Overhead costs make up a large part of every trucking company. From maintenance and fuel to buying the trucks themselves, monthly operations can be very costly. The cost of repairs can also add up fast. Fortunately, there are many financing options available today for trucking companies who need help covering costs and fueling growth. Top Reasons Trucking Companies Need Financing Commercial trucks get a lot of use and experience a lot of wear and tear during the week. Driving thousands of miles makes regular, ongoing maintenance a necessity, not an option. But even the most diligent maintenance schedule can’t prevent […]

Whether you’re opening up your first restaurant or wish to update your current dining area,  it can be challenging to access the funding to do so in time to hit your launch date. Luckily, there are plenty of financing options available to you.  Here are four financing alternatives to consider when looking to upgrade your restaurant. 4 Loans to Improve Your Restuarant 1. Working capital loans If you’re ready to open your restaurant, but need a little extra money for fixtures or inventory, a working capital loan might be right for you. Working capital loans are low-interest loans for small […]

Having a better understanding of what loan options you have can help you increase your chances of getting access to the capital you need for your business. Small business loans from a reputable alternative online lender are one of the main options to consider.  Small Business Loans for Women When lenders approve you for a loan, they take into account various factors, such as credit history, financial profile, what you’re going to spend the money on, and overall business goals. Where can you get business funding for women entrepreneurs?  1. Alternative Online Lenders Did you know that the highest approval […]

Small business loans, ACH, payment processing, business bank accounts… There’s so much to understand as a small business owner. From making loan payments and choosing an ACH provider, these decisions can feel overwhelming. This is especially true if you’re a new business trying to get things set up correctly for sustainable growth.  Trying to sort out the details of ACH payments and small business loans can be confusing. If you’re currently considering these options, the following details will help you distinguish between the two and understand the ins and outs of each.  What is the Automated Clearing House (ACH)? The […]

Merchant Cash Advance(MCA) is a term used to describe a type of loan that allows you to use your cash flow to make purchases for your business.  These are small-dollar loans, typically with an interest rate between 15% and 24%. You can take out as little as $5,000, but some providers give out much larger amounts. How Do Merchant Cash Advances work? This type of loan works similarly to a credit card advance, but instead of using your credit card balance as collateral, you use the current value of your daily/weekly sales as collateral. Merchant cash advances are typically paid […]

It might come as a shock to hear, but most business owners who get a merchant cash advance often don’t use the internet to secure one. In fact, they might not even be actively seeking one out. A smiling salesperson walks through their doors and shares information on the product and its benefits.  The pitch usually involves a friendly approach of the broker saying they’re there to help the business get some cash with flexible terms. They are able to quickly break down the ins and outs of how the advances and weekly repayments will work. For many businesses, the […]

So many businesses fail because they run out of enough finances. What if you applied for a business loan, but you got rejected? Below, you can find the main reasons for this so that you can start working on improving the situation.  Reasons Why Your Business Loan Was Rejected Non-bank lenders have approved more applicants in recent months than banks, according to the latest Biz2Credit Small Business Lending Index. Small business owners have more chances to get approved for a loan from an alternative lender than from a bank.  Reputable alternative online lenders like FirstAmericanMerchant.com specialize in the high-risk field […]

When it comes to choosing a merchant account provider, it really is a game of the sooner the better. This is why many business owners are tempted to jump at claims of “instant approval”. These claims are often made by high-risk merchant providers dedicated to providing fast services that help small business owners. But should you be swayed by these claims? Will they really provide the quick solution you’ve been needing to operate smoothly? To determine if this option is right for you, let’s take a closer look at what this term really means and how it can impact your […]