Many businesses are left without revenue in the U.S. This is especially true of restaurants and shops. This article is about what steps small businesses can take to survive. Also, you’ll discover who can best help you with funding like ACH business loans and not only. Steps to Survive the Crisis: ACH Business Loans When the virus spread, there were nearly 30.2m businesses in the U.S., as the Small Business Administration reported. They employed 5.9m people. As of May 20, 2020, according to the National Bureau of Economic Research, forty-three percent of businesses shut for a certain period of time. […]

Old technology and payment processing systems often make modern small and medium-sized businesses (SMBs) launched by modern entrepreneurs get stuck. Thus, businesses lose their operational flexibility and stop to further develop. How can ACH business payments help? Where can you get affordable and secure ACH business loans? Just go on reading below to know. ACH Business Loans & U.S. Open Banking The term “Open Banking” is used by the U.K. to denote the implementation of PSD2 (the European Union’s 2nd Payment Services Directive). The latter isn’t limited within the E.U.’s regulation. PSD2 gives authorization to banks to allow 3rd parties […]

Paper checks used for small business loan payments are becoming a history. The alternative lending market is increasingly turning to ACH payments. To get more information on ACH payments and ACH business loans, just read this article. ACH Payments ACH (Automated Clearing House) payments are also referred to as eChecks. These payments are being more and more often used for online and point-of-purchase payments. This is also true of B2B (business-to-business) and P2P (person-to-person) payments. The costs associated with ACH payment processing depends on your merchant account provider or the entity you use for ACH payment processing. Automated Clearing House […]

Businesses that wants to expand operations, unroll a new product, or hire new team members can fund their project with the help of ACH business loans. These loans are popular funding solutions for small and midsized businesses because they provide quick access to working capital and they don’t need to put up any collateral. Unlike traditional loans, many lenders, such as First American Merchant, will approve ACH business loans in just a few days. Startups and smaller businesses, which don’t have long business histories and have little or poor credit, also are drawn to these loans because they don’t require […]

More than 25.5 billion Automated Clearing House (ACH) payments totaling about $43 trillion were made in 2016, according to NACHA statistics. NACHA is the organization that manages the ACH, which is the main network that processes most of the electronic debit and credit transactions in the United States, and is funded by the financial institutions it governs. That 2016 figure is an increase of about 1.3 billion from 2015, which represented growth of 5.4%. As consumers move further away from paper money and shift to move toward an electronic, interconnected and mobile infrastructure, it’s no surprise that the number of […]

Before you know it, the pressure and stress of staying on top of day-to-day tasks can take up all your time and effort. It is easy to overlook the state of your company’s workplace atmosphere and the productivity of your employees. You obviously want your workplace to be as efficient as possible, so you can help avoid problems down the road. The following six tips will help you effectively manage and improve your workplace environment, while also boosting productivity. 1.      Focus on Company Culture Your company culture defines the environment in which your employees work. It involves shared […]

When planning a startup, entrepreneurs may be tempted by the innovative atmosphere of the Silicon Valley or other large urban landscapes. But plenty of opportunities for entrepreneurs exist in small town America too. There are whole new sets of challenges, trends and other factors for small town entrepreneurs to consider. But there are advantages as well like lower costs and lower competition. And with the internet there is, of course, the option of reaching those larger markets while you and your staff enjoy a lower standard of living where your money goes further — especially in the lean years. Merchants, […]

Stepping into the world of business to offer your own products or services to the world is an exciting endeavor. Many entrepreneurs need business funding to take their business off the ground and grow. If you, as a business owner, follow the right steps, you’ll easily convince an individual or a lender to invest in your business. Here are 4 important factors to focus on when applying for a business loan A Solid Business Plan A business plan is made up of several important components. It serves as a living document for the upcoming 3-5 years, and can grow and […]

Business growing pains suck. They happen to most businesses – and if your business is going to be successful, it will happen. So, what do you do? First off, don’t panic! There are things that you can do to curb growing pains and other issues, and all without a bank loan. An ACH business loan is what you need. This is not a loan, but rather a “buy in” to your future sales. An ACH funding program, also called “Bank Only” funding allows providers like FAM to fund merchants even if they don’t have a merchant account. A business cash […]

The main concern you’ll often face as an entrepreneur is how to raise your first round of funding. The norm is to approach a few investors and bring them on board. Even so, some investors may not be exactly the right people you want to work with. So, how do you identify the right investors for your business? These 3 questions should point you to the right investor for your business. What is your characteristic bite size? You’ll generally have an estimate of the amount you expect each investor to inject into the business. And different investors typically put in […]