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Small Business Blog Posts

By First American Merchant

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Easy and Economical Ways to Fund a Franchise

  Getting down to the nitty-gritty of funding a franchise business is important because it eventually determines the type of business you build. Furthermore, would-be franchisees often realize they have far more options than they’d imagined when they find that they can buy a resale business, secure a bigger region or even multiple regions. Knowing your funding options also gets you ready to inject the right amount of cash when opportunities knock and you need to grow your bottom line or face situations that need instant funds. SBA: African Americans Dig into Their Pockets to Fund Franchises Reports by the […]

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Small Business and Entrepreneurship Not A Priority for 2020 Presidential Runners

One vibe the small business industry is getting from the race to 2020’s Presidency is that no one cares about them. Not a handful of the many names from the Democratic field have majored in entrepreneurship and small businesses. It is dreadful that core issues like the status of the economy and the small business industry, are far behind matters like gun regulation, social justice, immigration, climate change, healthcare, and foreign affairs. Only a few candidates are mentioning micro-business loans, despite the fact that access to merchant funding is central for the growth of small to mid-sized companies. Surprisingly, the […]

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Banks Losing Ground to Alternative Small Business Loans

It’s no more a surprise that alternative lenders are a striking alternative to big banks and are working on attracting more and more low and high risk merchants. Where can find low cost and reliable alternative small business loans for your company? If you’re interested in all these, this article is right for you. Alternative Lenders Are on the Rise New alternative lenders have emerged since the global credit crisis and are still emerging in the payments space. The non-bank or alternative finance field is an established source of funding for both low and high risk businesses. This is a […]

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Survey Says Two Thirds of Small Businesses Receive Full Funding Amount

Small business owners are breathing a sigh of relief. After years of struggling to find cash to sustain and grow their businesses, there is finally some good news. According to a new survey, two-thirds of small businesses applying for credit today receive the full amount. The MetLife & U.S. Chamber of Commerce Small Business Index (SBI) for Q3 of 2018 achieved the highest level in the history of the survey, with a score of 69.7. This is exactly the direction the government, industry experts and business owners alike were hoping for. Ever since the financial crisis of 2008, access to […]

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The Small Business Loan Checklist: Here’s Everything Your Lender Is Looking For!

How do you get hands on a small business loan without hassling from lender to lender? Your ability to pay back is key! Banks are more interested in your capacity to settle a loan than anything else. Here’s what they go through: Bank statements Business assets Debt utilization Practicality of your business plan Financial statements Business and Personal Credit Scores Your loan requests are not bearing fruits because the lender is not able to easily determine your creditworthiness. Make sure all the information you provide is accurate. Double-check from the most seemingly basic info like your name, phone number, tax […]

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Does Your Credit Score Reflect Your Performance? — Here’s Experts Advice on How You Can Influence Your Business Credit

Both your personal and business credit status affect your business. That’s it! Enough light has been shed on that. So, if you haven’t made changes, then you’re the main reason your company isn’t getting enough financial backing when things are heading south. But business and personal credit scores are handled separately. The three major credit bureaus manage personal credit status; Equifax, Experian and TransUnion. And these organizations do not release your credit info without your permission. On the other hand, business credit is monitored by the three main credit bureaus: Dun & Bradstreet, Equifax, and Experian. But several other, smaller […]

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The 4 Financial Blunders Killing American Startups

The Small Business Administration reported that nearly one-third of startups don’t cross over the first two years, and almost half of them shut down within five years. It rings a loud bell but comes as no shock because money management is one of the biggest challenges facing entrepreneurs. If a 2016 survey found; 36 percent of small companies mentioning cash flow management as a problem, and 43 percent citing increasing revenue as a challenge, then it means budding entrepreneurs still need assistance handling business finances. So where does the rain start falling on you and how can you read red […]

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New Ways Scammers Are Likely to Target Your Small Business

As you toil to achieve business success based on your goals and objectives, Cybercriminals are doing double duty to breach your site and loot a share of what they haven’t worked for! And while you may say— “my business is small, it just kicked off, there’s not much a cyberthief can get from me”— it’s safer to switch sides and stand on the safer end. The safer side here means being proactive when it comes to security. Remember, of all the cyberattack threats, nearly two-thirds target small businesses. So, you want to be watchful against any phony requests that may […]

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Cybersecurity Risk Concerns for Small-Business Owners

If you’re in electronic payments, you should be well aware of the risks coming from cybercriminals. They’re constantly trying to get access to sensitive payment data. Did you know that only 38% of merchants consider the PCI compliance of their service providers highly important? No worries! This article will tell you how small-business owners can address their cybersecurity risks Cybersecurity Risks Facing Entrepreneurs Cybersecurity risk is among the biggest challenges your business can face nowadays. In addition, ransomware is another concern for small businesses in terms of cybersecurity and it’s growing. Today, more and more small businesses become a target […]

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6 Solid Reasons Why You Should Enable Live Chat Customer Support

Are you struggling to attract leads and make more sales with your business? It’s not that websites are no longer critical. It’s just that you haven’t provided the best customer service for your visitors. So, instead of your visitors being converted when they visit your business site, they leave after seconds feeling disappointed. American Express conducted a study, and they found out that nine percent of people living in America prefer brands that offer better customer services. Besides, one of the most influential men in the internet space – Jeff Bezos revealed that offering an exceptional experience prompts customers to […]

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