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Business Funding Blog Posts

By First American Merchant

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

3 Ways Small Businesses Unintentionally Fall into Debt

Running a successful business involves an interesting combination of risk, sacrifice and discipline. From time to time, it requires investment to see improvements. At other points, it means giving up something in the pursuit of something bigger. Above all, it demands discipline to achieve your ultimate goals.  Of course, one of the biggest risks for a business – whether a startup or an established company, is debt. Choosing to take on debt to secure much needed capital can be a smart decision, as long as you have a plan and capability to pay it back in a timely manner. However, […]

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Why a Bridge Loan is Your Next Best Instant Funding Strategy

A bridge loan is a kind of short-term funding built to help a business meet its financial needs until it acquires a long-term loan. These loans are a life-saver, especially when you need instant funding to keep operations running or seize an opportunity. Entrepreneurs who apply for a bridge loan can use it to buy or upgrade assets or finance business operations. Then, as soon as their business acquires long-term funding, it utilizes the funds from the newly acquired long-term loan to settle the bridge.  Companies depend on bridge loans (most with higher interest rates than regular long-term funding) to […]

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Merchant Cash Advances: Financing Your Business Needs Now

What if you can’t get access to a traditional loan or are looking for an alternative source of business funding? The reasons can be different. One of them has to do with the high risk nature of businesses. Thankfully, there are alternative options like merchant cash advances (MCAs) that you can apply for.  Merchant Cash Advances or Business Cash Advances A merchant cash advance is also called a business cash advance or cash advance. MCAs appeared during the 1990s, and businesses in the space were the first companies in the field of alternative financing. Did you know that an MCA […]

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The Consequences of a Bad Credit Score to Your Business

A good credit score is a pivotal factor for businesses that want to acquire loans. Most businesses usually need additional funds to invest, thrive, and expand their reach. During such times, your credit rating may determine the lender’s decision.  What Leads To A Poor Credit Score?  A low credit score can be a result of various factors. For example, failure to cultivate your credit when the business was developing, financial struggles, or low revenue incomes. One must first learn the roots of their poor credit score to fix the issue. Lenders typically use details about your FICO ratings, which is […]

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Prepping Your Restaurant, Pub or Bar to Thrive in the Post-Pandemic Era

Restaurant and pub businesses have long suffered under a year-long pandemic that seems to be commencing a second wave. The business environment has revolutionized so much that failure to notice the ongoing changes is almost bottom-line threatening. Now, brands in these sectors must make a complete transition from where they seek commercial funding to how they search, attract, and serve customers. According to a July poll by UK’s Food Standards Agency, 31 percent of consumers admitted they wouldn’t eat at a restaurant “for the foreseeable future.” That result marks a significant increase from June’s 25 percent.  Consumers are gradually switching […]

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Business Funding to Gear Up for Festive Season

Government loan programs are fizzling out, yet the holiday season is a stone-throw away. How do you plan to meet the financial needs of your business at a time when nothing matters more than preparing adequately for the oncoming shopping spree? For many businesses, traditional loans are a no-go-zone because of failure to meet specific criteria. Plus, banks aren’t as willing to supply loans as before, given the pandemic’s uncertain nature and current economic status. And when your business is short of finances, you cannot achieve essential holiday season duties like; Refill or diversify your stock of goods for festive […]

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Short Term Loans Defined

Short term loans are ideal for those who have a temporary funding need for personal/business purposes. For more information about this type of business financing and an exceptional provider, keep on reading the lines below.  Short Term Loan Definition If you need to obtain this type of credit, be aware you’ll be required to pay it back by within a certain period of time (typically a year from getting the funds). This means you must pay back the debt quickly, from where we have the name “short term.” Other loan types with longer terms are known as medium or long […]

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To Do or Not to Do: Is It Safe to Tap into a Merchant Cash Advance?

Reputation is king. Yet Merchant Cash Advances can be confusing for many small retailers and merchants. Public opinion is torn between their business-saving and bottom-line threatening capabilities. But come to think of it; this two-sided nature is a characteristic of all loan products. So the loan type isn’t always the problem; many other factors determine whether you benefit or plunge into bad debt. The cash advance product, however, has remained a sticking point for many reasons. It has a confusing reputation The cash advance model is still unclear for many merchants It uses factor rates instead of interests Can be […]

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10 Tips to Strengthen Your Loan Application

Are you applying for a loan? Do you need to know how you can improve your loan application so to have more chances of getting approved? No need to worry. Just follow the lines below and you’ll know. How to Improve Your Loan Application Loans can play a vital role in meeting the financial shortages that prevent you from reaching your financial goals. Below, you can read how you can boost your chances of getting approved for merchant funding: Check your credit report. You can get it for free by just visiting AnnualCreditReport.com. In case you find any inaccurate information […]

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Small Business Grants for COVID-19 Impacts

Small businesses almost everywhere in the world are struggling from COVID-19‘s economic impact. In the U.S., merchants have a number of financing options for their businesses. This refers to both government-backed and alternative options. If you’re interested in small business grants or some financial relief, keep on reading the lines below. Small Business Grants in Different States You must be well aware of the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), and the SBA Express Bridge Loans. Let’s look at some business funding opportunities in different states. Have you heard that the Grays Harbor County Commissioners have given […]

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