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Micro Loan Blog Posts

By First American Merchant

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Why Merchant Cash Advances are an Ideal Funding Source for Physicians

Why Merchant Cash Advances are an Ideal Funding Source for Physicians From time to time, like any business, medical practices can benefit from additional capital and an array of business loans. Growth, obstacles, and opportunities tend to come when we least expect them to – and they all require cash. However, many physicians are unsure where to start and which options are best suited to their industry. Some physicians find Small Business Administration (SBA) loans are suited to their needs. But others have found they are actually better off with alternative or new financing solutions. That being said, you might […]

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Why a Microloan Is Your Next Best Bet For a Loan

Why a Microloan Is Your Next Best Bet For a Loan Funding can mean almost everything to you if you’re trying to get your business off the ground. When you’re new, opportunities are rare, so you must search in the right place. Microlending, for instance, is a perfect way to source extra commercial finances for many reasons including; This approach isn’t profit and interest-centric as other forms of funding. Interests are way too low. And settlement terms are as long as six years. Most microlenders focus on supporting vulnerable groups that can’t get funding from banks. That’s not all; these […]

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4 Ways To Empower Females In Business

Women face a couple of challenges when it comes to operating their own businesses. Sometimes even getting a merchant loan (for women) is a struggle let alone getting the right sponsors to back you. But how do you rise above the setbacks of being a female entrepreneur year round? 1-Be the role model in your firm Be the bad boss and everyone will remember you for it; do not mismanage, mistrust or belittle staff based on gender when giving assignments. If you are privileged to be the woman leader at you company, be sure to make proper use of your […]

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Business Financing Growth Strategy and Merchant Loans

Making financing a part of your growth strategy is crucial. Where can you get an affordable and reliable merchant loan for your growth strategy? How can you plan your growth so to take your business off the ground? This article will tell you how. Building Growth Strategy: Need a Merchant Loan? When considering your business growth, you can’t do without a business financing strategy. This is how you can meet the financial challenges in the ever-evolving world of business. Such strategy can part of any growth efforts. Your growth strategy isn’t just about demonstrating how your revenue will grow. To […]

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Automate Your Micro-Business

The business owner’s list of “things to do” never ends. Time is always of the essence. So how do you create extra hours to tend to critical day-to-day tasks like marketing and staffing?   Or even share moments with your family? Yes, family, you need to maintain that crucial balance too, or you risk losing yourself and losing everything. Saving time is the only way to spare the extra you’ll need. And according to Deep Patel, a sure way to solve this problem is automation. This approach will help shed off the feeling that you need to oversee every operation […]

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5 Tips for First-Time Business Owners

Are you going to launch your first venture? Have you already gone through the process of setting up your new business? It’ll be quite helpful for you to go through the tips listed below so to be able to take your business off the ground and succeed. Focus on the Thing You Love Most Don’t act like those entrepreneurs who jump at every opportunity that they come across. You’ll be more productive and be able to conduct your business more effectively if you do what you love. Focus on the type of business for which you feel you have the […]

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How To Make a Merchant Cash Advance Work To Your Advantage

Merchant cash advances are among the most popular methods of raising quick capital for business. By definition, an advance is an immediate financial advancement, which is given to a merchant in exchange for a share of future credit and debit card receivables. A MCA shares a few similarities to a loan, most importantly the aspect of paying back the money borrowed by the end of a stipulated time. However, it’s often a great alternative to a bank loan because it allows for much needed financial flexibility, provides immediate funding, and is quickly processed. Nevertheless, MCAs still need repaying. Before applying […]

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Any Idea What’s In Your Business Credit File?

Do you have blank credit files? This can create challenges for you as a small business or startup owner. If you think there isn’t anything negative in a blank credit file, it’s not true: empty credit files are as bad as bad credit ones, as Erik Simon, director of marketing and communications for Dun & Bradstreet Credibility Corp, a business-credit monitoring service provider, notes. Business credit information can play a crucial role since many companies, including lenders and insurance companies, take it into account while making decisions. So, your business credit, like your personal one, can help you when borrowing […]

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What You Need To Know About Payroll Loans

A payroll loan is also called a payday loan, payday advance, salary loan, small dollar loan, or a short-term loan. It’s a small, short-term unsecured loan. A payroll loan can be of great help when you need to access cash quickly and conveniently. A payroll loan can be described as a cash advance that a borrower can receive based on his/her employment status and income. The reason a payroll loan is also called a payday loan is that the amount the amount of the loan is typically scheduled for repayment upon getting paid by an employer. Things to Know Before […]

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Why Banks are Rejecting Your Application for a Small Business Loan

Whether they’re in need of startup financing or cash to cover expenses, the first place an entrepreneur typically looks is their local bank. Unfortunately, securing small business financing is a much more complicated task than many realize. According to the NSBA’s 2016 Year-End Economic Report, “Despite a significant shift in outlook, small business access to capital remains stubbornly unchanged with just 69 percent of small firms able to get adequate financing.” Many business owners fulfill seemingly endless requirements, only to find out weeks (or even months) later that they’ve been turned down. Setting them back to square one. Meanwhile, their […]

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