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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

Business Funding for Women

It’s no surprise that women face unique challenges when trying to get approved for business funding. Are you a woman having a difficult time in the business world? What business financing options do you have? Keep on reading this article and you’ll know. Business Funding for Women More and more women entrepreneurs are starting and growing businesses in the US. However, research in the field shows that it’s tougher for women-owned businesses to obtain outside funding as compared to men. So, what choices do women entrepreneurs have? Merchant Cash Advance (MCA) Unlike traditional business loans, a merchant cash advance is […]

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Business as Usual: How to Better Manage Business Expenses during Slow Seasons

Drafting a careful budget and adhering to it can make or break your small company. But one way to increase your possibilities of getting through seasonal cash flow crises is to monitor your spending. Here are steps to help you manage your small firm’s expenses during low seasons. 1-Broaden your horizons— get more income streams This tactic has worked before and will continue to help retailers who use it wisely. Let’s face it; cutting costs is good but overdoing it may hinder your growth and potential to get ready for high seasons. And when you cannot reduce expenses, getting business […]

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The Math of Business: 5 Financial Metrics All Micro-Business Owners Should Know

All micro-business financial metrics discussed below are known to pretty much every retailer in the world of commerce. However, this guide seeks to shed more light on these critical aspects of running a business. So what are some key metrics a small firm owner should check? 1-Income/revenue Income is the equal of your total sales. Without revenue, your business is as bad as dead. You can’t pay staff, order product delivery or sustain operations. So income straight away qualifies as the first metrics to put a tail on. If possible, track your daily, weekly, monthly, quarterly, and yearly income to […]

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Apply for Business Funding If Your Bank Isn’t Helping

Banks don’t like to take a chance on and approve a traditional loan for a smaller or less-established merchant. There is simply too much risk. Startups and small businesses don’t have collateral, haven’t established enough good credit, and there are too many chances that they could go bankrupt. Though it’s not likely to happen with bank, alternative lenders are willing to help you fund the growth of your company with business funding. Whether it’s through merchant cash advances or retirement accounts, business funding is possible if you open up your mind and consider all of the options. 4 Business Funding […]

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Business Funding for Women Entrepreneurs

Women own more than 11.6 million of the firms in the United States, employ nearly 9 million people, and generate $1.7 trillion in sales, according to the 2017 State of Women-Owned Businesses Report, which was commissioned by American Express Open. Each year the number of women entrepreneurs grows and projections expect the numbers to continue to climb. Despite this, getting business funding for women entrepreneurs can be a real challenge. Only slightly more than 4% of dollars lent to small businesses each year are companies owned by women, according to a report prepared for the U.S. Small Business Administration and […]

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I Have Bad credit, What Business Funding Options Do I Have?

In the world of finance, your credit score means everything! The higher a person’s credit score, the higher their chances of qualifying for great credit offers from multiple financial providers. The opposite happens if your FICO rating is low—or if you’ve done nothing to build credit. But due to the tricky nature of life, it is difficult to run away from a low score, at some point, you’ll find yourself below the line.  So the remedy is to fund your company using means that will better your score when you’re good to push your business a level higher. Here are […]

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How Much Money Does Your Small Business Need to Succeed?

Cash is king when it comes to running a successful small business. To operate smoothly, you will need cash to pay salaries, fund marketing programs, purchase supplies and inventory, cover rent and invest in equipment, along with all other day-to-day expenses. But how do you know how much cash your business really needs? Do you have enough in reserve to weather unexpected financial situations and seasonal fluctuations? The following questions will help you analyze your current cash-flow and determine how much cash you really need: What does your cash-flow statement say? To find out how much cash your business has […]

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How to Get a Merchant Loan, Regardless of Bad Credit

Bad credit can have affect your life in many ways. It can make it hard to rent an apartment, get the job you want and even prevent you from getting a cell phone contract. For the aspiring entrepreneur, poor credit can halt business plans altogether. Bad credit can not only lead to higher rates and more restrictive terms on approved loans, but also affect your ability to be approved at all. Fortunately, the creativity and flexibility of alternative providers have made it much easier for business owners with bad credit to secure the working capital they need. High-Risk Providers A […]

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Is an MCA a good Funding Option for Your Business?

Sometimes following trends may incur you avoidable expenses. For example; the sudden increase in the number of companies applying (and qualifying) for merchant cash advances may push you into making rush borrowing decisions you might later regret. These quick cash options are known to cost merchants dearly if not well scrutinized during selection. Merchant Cash Advances, for instance, carry triple-digit annual percentage rates (APRs) — which is the gross cost of a loan, plus all fees. These added charges along with the daily repayment schedule often affect cash flow. And in worst cases, you may end up in a debt […]

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The Best Business Funding for Trucking Companies

Are you a trucking business owner in need of business funding? If yes, it’s critical for you to find a reliable and affordable business financing provider. Since your business is considered high risk, it’s important to turn to an expert lender that specializes in the field. To get to know how you can get access to the necessary working capital, just read below. Interested in Financing for Trucking Companies? The availability of funds is too important for trucking business owners. Otherwise, they can’t stay organized, keep the trucks on the road, and maintain a staff of competent and committed drivers. […]

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