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Restuarant Blog Posts

By First American Merchant

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Where To Look For Small Business Funding

Some business owners use their own resources to finance their startups. Others need additional capital from an outside source. Modern lending landscape is constantly developing, and there are more financing options available to small-business owners nowadays than ever before. Today, non-bank online lenders offer more choices to business owners. It is important to evaluate the pricing, terms and rates offered by each lender and make the right decision. Below you can find the top things to take into account when evaluating lenders: Comprehensive Small Business Offerings Research and assess all the available options. Look for resources that will help you […]

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When To Seek Funding For Your Business?

Timing is everything for your business. You, as a business, should figure out when it’s time to get business financing and what should be done for this. Here are several important points to focus on when applying for business funding: Good Personal Financial Track Record Make sure all your bank statements reflect fiscal responsibility. Your financial history is important for most lenders. Have a track record to show a consistent payment record. A Realistic Business Plan with Projections for Expansion When it comes to your business plan, prepare a solid business plan that demonstrates how you’re planning to navigate your […]

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Top Ways To Fund Your Startup

Without money, you can never take your business off the ground and make your dreams come true. First of all, you should find the necessary business capital to fund your startup so to be able to focus on product development and marketing. If you’re interested in how you could get business financing for your startup, consider one of the options mentioned below. Before you’ll go through all these options, consider turning to a reputable business loan provider like First American Merchant (FAM) offers the best business funding opportunities in the field. As a reliable payment processor, FAM specializes in […]

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How Your Small Business Can Achieve Efficiency and Growth

Nearly all businesses of the same scale have the same key goals across different industries. According to a 2016 Q4 survey, small businesses want to see improvement in business efficiencies, increase profitability, spend less time on the actual business and generally see business growth. A small percentage of these businesses are already actively employing measures to attain the desired growth. A larger percentage of them are however aware of what they need but are yet to make any notable steps toward achieving the same. They need to make changes that will enable them to either expand their customer base or […]

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Which Is The Best Funding Option For Your Small Business?

Business funding varies from situation to situation. No matter you need to expand your staff, purchase new equipment, or handle other expenses, you need finances. Below you can find the most popular funding options for small businesses: Bank Loan A bank loan is typically granted as an installment loan. This type of loan offers predictable repayment schedules that are easy to budget around. Qualifying for a bank loan can be challenging. Business Line of Credit This is an unsecured line of credit. It isn’t secured by your personal assets. Online lenders will use data to help you immediately get access […]

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Financing Your Food Service Business

Are you planning to grow your catering, grocery, or restaurant business? Growth may require expensive costs, which can be challenging for you. However, you can apply for a business loan to hire and train new employees, buy equipment, or expand your business. Business Loans Business loans or commercial/industrial loans have been quite successful for both large and small growth-starved banks for some time. Based on Federal Reserve data, such lending dropped by 0.1% in the 3rd quarter. According to Morgan Stanley, the contraction from the prior quarter is the 1st such drop in 6 years. To get a reliable business […]

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The Struggles of Finding Restaurant Funds

What do you think of when toying with the idea of opening a restaurant? Perhaps the right wait staff and the right uniform for them. Maybe it’s the right type of food to serve, and who to get it from. Or, maybe it’s the right type of background music – if any – to have. The biggest thing you have to worry about does not involve any of the above, but rather something a little harder to come by. You need to get business funding for these things to happen – and that is often easier said than done. While […]

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A Guide for Choosing the Best Small Business Funding Option

Most business entrepreneurs choose to fund their startups through their own cash or savings. While this approach works well for many business owners, there will come a time when additional capital is required from the outside. With alternative lending options constantly evolving, small business owners are finding it easier and easier to evaluate what each lender is offering them (pricing, rates, terms, etc.). Ultimately, these non-bank lenders offer more choices. While it is fairly easy to find a list of alternative lending options for a small business, knowing what to consider while evaluating those lenders is not always as transparent. […]

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How Email Marketing Can Save Your Restaurant

Do you own a restaurant? Restaurants are a high risk business, sensitive to trends, popularity and other variables that make traditional lenders too uncomfortable to invest in even the most successful restaurants. As a result, many restaurant owners depend on technology to support and market their businesses to generate and maximize profits. Email marketing is a cost-effective way for restaurants to gain and retain customers. Many businesses shy away from email marketing, but the truth is that 95% of recipients who subscribe to businesses newsletters do find them useful. Email marketing helps to build a loyal fan base. Emails keep […]

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6 Funding Tips for Your Restaurant Business Venture | Restaurant Cash Advance

Ever since the financial crisis of 2008, banks have been more risk-averse and inclined to shut the doors on small businesses. In fact, according to a 2014 Harvard Business School working paper, some banks won’t lend to restaurants at all. The options restaurants have been left with include: private investments, crowdfunding, loans backed by the U.S. Small Business Administration and online small-business loans. As you go over your options, consider the following tips: Pitch your plans to friends and family. Pitching your business plans to investors and lenders takes practice. Practice going over your business plans with the people that […]

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