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Merchant Cash Advance Blog Posts

By First American Merchant

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

Choosing a Merchant Cash Advance Over a Business Loan

As of 2016, there were 28.8 million small businesses in the US, which represented 99.7% of US businesses. Only about 24.1% of small business loans were approved by big banks, and smaller banks approved about 48.9%. Alternative lenders approved 58.2% of loan requests. In less than 20 years, the merchant cash advance (MCA) industry has gone from $0 to $10.7 billion by 2015, and is expected to account for $15.3 billion in 2017. Are you faced with the problem of whether you should take out a business loan or a merchant cash advance? Below you can find some important information […]

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Get a Merchant Cash Advance Without Being Scammed

A merchant cash advance can be described as purchases of future credit card sales receivables or short-term business loans. The demand for merchant cash advances (MCAs) is growing with rapid advances. The MCA industry came into existence as one of the most important sources for non-bank loans for many small businesses. Today, you can find many online funders that offer cash advances to small businesses that wouldn’t have historically been approved for a business loan from a traditional bank. It’s important to note that the industry is largely unregulated, so you shouldn’t trust all the companies offering a merchant cash […]

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Having Problems Closing Cash Advance Deals Because of Declines?

Merchant cash advance (MCA), a highly popular alternative to traditional business funding, is a form of online lending. Much of the selling of MCAs happens offline by brokers who call and visit clients. Merchant cash advance lenders aren’t the only ones who choose to work with brokers to connect with customers. Financing companies offering short-term small-business loans rely on the same independent broker networks as well. Merchant Cash Advance There’s a popular belief that a merchant cash advance is a short-term loan or a high-interest advance. In fact, it’s not true: an MCA is simply a sale or a purchase […]

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Where To Get A Small Business Loan with Bad Credit?

Merchants who have bad credit are viewed as riskier borrowers by small business loan providers.  Creditors who lend money to bad credit merchants usually shy away from these borrowers since they aren’t sure high risk merchants won’t miss their payments or default. The Fair Isaac Corporation (FICO) calculates credit scores and provides the famous FICO score. The Corporation uses information from the 3 credit bureaus, Experian, TransUnion, and Equifax, and calculates the score. Be aware, your bad credit can cause a number of problems such as higher interest rates. According to FICO: Maxed-out card costs 10 – 30 points for […]

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No More Problems with Closing Cash Advance Deals

A merchant cash advance (MCA) has turned into one of the most popular types of business funding for merchants in recent years. Many business owners choose an MCA over traditional business loans. If you think an MCA is a short-term loan, be aware it’s not a loan nor a high-interest advance: it’s just a sale, a purchase of your future sales at a discount. This cash solution provides your business with a lump-sum payment in exchange for an agreed-upon percentage of your future credit/debit card sales. With First American Merchant Advance, both parties get involved in the agreement over the […]

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A Guide to Merchant Cash Advance Underwriting

The merchant cash advance (MCA) industry was born back in 1998 as a response to a decline in small business lending from traditional banks. The MCA was introduced through a company called AdvanceMe (now known as CAN Capital). Interested in a Merchant Cash Advance? The merchant cash advance can be described as a category of SME financing, which, however, differs from other SME financing options. Regulators don’t consider MCAs loans, so this type of financing isn’t subject to the same legislation that governs other types of small business financing options. According to a report by one of the investment banks, […]

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Merchant Cash Advance Funding

Merchants are always in need of funds to help them run their businesses. Thanks to First American Merchant who has been offering a helping hand to small and medium-sized businesses. We assist retailers with funding through merchant cash advances (MCA). Here is a quick guide to our MCA offers. What’s a MCA? A Merchant Cash Advance may also be referred to as the procurement of future sales. A financial firm purchases a given amount in future sales to allow the business owner some money for upfront expenses. The retailer then repays the amount (plus the prearranged fee) additively as he/she […]

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Quick Cash for Your Business ─ Merchant Cash Advance

Do you need working capital for your business and you don’t have time to wait for weeks to get approved? A merchant cash advance (MCA), also known as a business cash advance, can be the right solution to your problem. However, quick access to working capital isn’t the only advantage offered by a merchant cash advance. Merchant Cash Advances and Business Loans As you may already know, not all types of businesses can easily get approved for business funding from a traditional bank or other financial institution. There are a number of reasons for this. First, traditional banks are willing […]

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Need Small Business Financing? Apply Online in Minutes

It never really seems to be a question of if your business could use extra funds; it’s usually more about how it could benefit from extra funds, when your business needs it the most and where you can get it. There are many different ways to externally fund your business, but not all of them will suit your specific needs and situation. Consider the two ways you can externally fund your business: debt and equity. If you choose to use debt, you will retain ownership of your company with an obligation to repay the investor. If you choose equity, you […]

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Working Capital Solutions: 4 Financing Options for Small Businesses

The need for extra working capital often hits you when you least expect it. Unfortunately, securing funds is not always easy for the small business. Traditional lenders involve long wait times for funding and seemingly endless documentation requirements. If your business type or industry is categorized as “high-risk”, the bank might refuse to work with you before you even get started. Thankfully, there are more alternative financing options than ever before. The option you choose should cater to your specific needs; such as, your business’ unique situation, how much capital you need and how quickly you need it. If you […]

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