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Business Advice Blog Posts

By First American Merchant

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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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A Small Business Owner’s Guide to Merchant Cash Brokers

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 […]

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How to Help Your Small Business Get Better at Cash Flow Management

Your small business should be able to monitor its cash flow. This is the lifeblood of any business; without it, you’ll never know how much revenue is coming in and what resources you are spending. The good news is that cash flow management isn’t hard to do if you have the right systems in place. Here are some tips for getting started: 4 Ways to Improve Cash Flow Management 1. Draft a reasonable budget.  You may need to create a short-term and long-term budget for your company. A short-term budget will help you determine whether or not you have enough […]

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How Payment Analytics Unlocks New Business Potential

Payment analytics is a process of measuring, analyzing, and tracking payment transactions to inform business strategy and improve operations.  Retailers, financial institutions, and e-commerce companies use it to understand complexities like: how customers pay for products or services,  which payment methods are most profitable,  Why transactions fail where customers are paying for their purchases,  But that’s not all. Below, we discuss the far-reaching pros of payment analytics for a business. 5 Ways Payment Analytics Unlocks New Business Potential Payment analytics helps you expand your business in the following ways: 1. Track payment patterns across different markets and channels. Payment analytics […]

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8 Financing Strategies to Help Businesses Navigate Recession

When faced with economic shocks, it’s critical to take the right measures and follow the right financial strategies to overcome the hardships on your way. This can include cutting costs and applying for the right business funding opportunity.  Financial Strategies to Leverage A recession is a major decline in economic activity across the economy. It can last over a few months. A recession is associated with a dip in the gross domestic product (GDP), real income, industrial production, wholesale-retail sales, and an increase in unemployment. Here are several financial tactics you can rely on to help your business navigate recession-related […]

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How to Use Alternative Lending for Your Business Goals

If you’ve recently started diving into the world of alternative lending, you likely have a lot of questions. What is an alternative lender, and why do so many entrepreneurs turn to them?  Alternative lenders provide great business funding options for those who struggle to secure financing elsewhere or find themselves in a unique situation. With so many alternative lenders offering better products and greater flexibility, it’s no surprise more and more business owners are choosing these lenders. All in all, they have completely transformed the way business owners access financing and the expectations surrounding the whole process. Here are some […]

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What Are Cash Advances? Should You Get One?

What Are Cash Advances? Should You Get One? The most attractive side of cash advances is that you can get them more quickly and easily as compared to other funding solutions. This article will help you decide whether you should apply for a cash advance or not when in need of extra working capital.  Cash Advances: What Are They? A cash advance is a short-term funding solution offered by your credit card issuer. You can receive it even if your credit isn’t excellent. The provider will charge you a cash advance fee that’s either a minimum flat rate or a […]

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Why Business Loans are Difficult to Get

Getting a merchant loan is one thing, but getting the loan denied is devastating. Several factors keep you from getting a business loan, and bad credit is the major problem, though they are preventable.  Ways of boosting your credit score and enhancing your approval chances  If your credit history reveals that you cannot repay your debts, you will have difficulty obtaining a business loan. If you have recently filed for bankruptcy, you may find it hard to secure a company loan because you have no history of repaying bills. Your creditors will hesitate to offer you money when you file […]

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The Best Places to start a business in 2022

You feel it’s the right time to start a business, yet you find it hard to decide where to locate the business. As an entrepreneur, you will need a  place that inspires you and gives you space to grow over time.  When you finally get your idea, identify your capital financing option, and formulate a dedicated business plan, opportunities and places to start the business are limitless. We will look at three easy places to start any business. At home Starting a business at home is much easier today than in the past years. Globalization and technology have tremendously improved […]

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4 Warning Signs You’re About to Make a Poor Business Decision

Thinking about making a business decision, but not sure whether it is the right one? It may be time to take a step back. Trying to make decisions without researching can have negative, long-term consequences for companies. When making decisions about significant changes or purchases, these four warning signs indicate you need to slow down and do more thinking before proceeding: 4 Red flags Your Decision May Hurt Your Business 1.  You have not done enough research about it.  If you are making a major business decision and have not researched much about it, you might be making the wrong […]

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