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business loan Blog Posts

By First American Merchant

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

New House Bill Gives Business Owners More Time to Use PPP Loans

A recently passed bill in the House of Representatives has many small business owners breathing a sigh of relief. This new legislation, the Paycheck Protection Program Flexibility Act, addressed concerns expressed by entrepreneurs across the country. These business owners have been adamant that changes needed to be made around loan forgiveness – one of the main attractions of the Paycheck Protection Program (PPP). The PPP was initially created by the CARES Act, the $2.2 trillion coronavirus relief law. In early April, forgivable loans were first issued through this Act to small business owners struggling to stay afloat during the current […]

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Health Providers Need Business Funding to Weather COVID-19

As the current coronavirus pandemic continues, businesses are finding themselves in a tighter and tighter position. Most have had to either shutdown for a period of time or completely alter their service and product delivery methods. Restaurants, salons, retail stores, gyms and many others have had to quickly adapt and find creative ways to still engage with their customers and meet their needs. These unprecedented times have not only impacted the way businesses operate, but also the way healthcare is delivered. The current crisis is so dramatically different from anything experienced that it has even put the medical field in […]

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17 Small Business Financing Options Available

Small business financing can be found through many different avenues.  One major factor that will ultimately determine your venture’s success is financing. If your fledgling business is in desperate need of capital, take a look at these traditional and not-so traditional financing avenues to offer your enterprise a much-needed financial boost.  Alternative Financing Solutions: Community Development Finance Institutions: They provide capital to both small business and microbusiness owners with reasonable terms. They don’t need much collateral like traditional banks.  Venture Capitalists: This group assumes partial ownership of the company in exchange for capital. Percentages of ownership are up for negotiation […]

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Forgiveable Small Business Loans and Not Only

Small businesses hurt by the COVID-19 crisis have more than one source to get help from. This article will tell you what forgivable loan options you have in the State of Pennsylvania and the City of Miami. Also, you’ll read about a reliable alternative online lender to get funding assistance from. Small Business Loans: Pennsylvania 30 Day Fund The State of Pennsylvania offers a nonprofit Pennsylvania 30 Day Fund. This nonprofit program is backed by volunteers. To qualify for it, you must have 3-30 employees. To be eligible, businesses must also be owned and run by someone who resides in […]

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Business Loan, Personal Loan, or Startup Loan: Which Product is Good for Your Startup?

Business Loan, Personal Loan, or Startup Loan: Which Product is Good for Your Startup? The idea of starting and running a small business is rousing until you realize money is a scarce resource and you’ll need financial back up from time to time. Borrowing is no easy feat if you’re company is a startup— chances are even slimmer with banks and traditional lenders who use certain criteria that your new firm many not meet. As a result, many entrepreneurs turn to personal loans. But not all types can be used for commercial purposes, which is where the dilemma comes. So […]

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7 Scams Small Business Owners Should Know & Avoid

As a rule, scammers target smaller businesses instead of larger ones. Small businesses don’t have as many resources to fight fraud as big ones. This article is about the common scams that you, as a small business owner, should avoid. Also, it’s about a reliable and cheap small business loan you need to grow your company. Small Business Loan & Scams Scammers are getting more and more sophisticated day by day. They’re getting better at finding ways to hack businesses. Theft, financial statement fraud, and misuse of assets… Let’s go through the common types of small business scams you should […]

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Can’t Get a Business Loan? Here Are Your Options

According to Q2 2019 Private Capital Access Index (PCA Index) from Dun & Bradstreet and Pepperdine Graziadio Business School, there is a growing number of small business owners that are seeking to gain more access to capital than in the first quarter of this year. However, they are struggling to secure bank loans. In the survey, 36% of businesses tried to raise funding in the second quarter, with an increase from 28% in the first quarter. Only 32% were able to secure financing from a bank loan in Q2 2019. This figure is down from 44% in the first quarter […]

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Is a Merchant Cash Advance a Good Resource For Your Business?

When you are just starting out in business, it is inevitable that some considerable investment will be required for your profits to really take flight.  Or it may happen that you simply need a short term solution for some quick capital. A Merchant Cash Advance or (MCA) could be an alternative to consider, depending on your business. An MCA, however, is not a loan, it is defined as a cash advance that is based on the credit card sales of a business. One advantage of applying for an MCA is that the process is remarkably quick. You can have your […]

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When a Cash Advance Boost Can Get You Out of a Crisis

What is an MCA? How governments or other entities can boost cash advances to avoid an economic or financial crisis? This article will tell you some basic points concerning MCAs. What’s more, you’ll learn about a reliable and cheap MCA from an exceptional business funding provider. Easy Access to a Cash Advance In recent years, MCAs have become a preferred choice for many entrepreneurs as a business funding option over traditional loans. Importantly, if you think an MCA is a loan, it’s not true: an MCA is just a sale. Thanks to an MCA, you can use your credit card […]

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Business Cash Advances: How They Work

As a business owner, you may face certain situations that require you to have access to a source of instant cash. It may be the need to expand due to the increasing numbers of clients or a fire disaster that you need to recover from as fast as possible. Whatever the reason, things get more manageable if you have a source of instant cash. Bank loans usually are not helpful due to the lengthy processes involved before approval; your credit history may be unimpressive too, reducing your chances of the loan. Do not despair, a Merchant cash advance (MCA) is […]

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