Despite the immense challenges imposed by the global pandemic, the restaurant industry has experienced robust growth over the past few decades. According to Statista, the U.S. quick-service restaurant (QSR) industry’s output has experienced an increase of well over 50 percent since 2007. This contributed to an “all-time high” of nearly $283 billion in 2020.  The U.S. full-service restaurant industry, also experienced growth, reaching $80 billion in 2020. As one of the most critical industries for the U.S. labor market, it is estimated that over 14 million Americans are employed by restaurants.  Restaurants Need Cash If there is anything certain in […]

Unpredictable events, changing consumer trends and unexpected costs. It’s safe to say business owners today have a long list of challenges stacked against them. With few business financing options available, many companies are turning to alternative cash solutions like the merchant cash advance. What is a Merchant Cash Advance? If you’re unfamiliar with this financing tool, a merchant cash advance (MCA) provides businesses with quick cash – much faster than a traditional lender is able. An MCA provides your company with a lump sum of cash in exchange for a portion of future credit and debit card sales. The repayment […]

Unpredictable events, changing consumer trends and unexpected costs. It’s safe to say business owners today have a long list of challenges stacked against them. With few business financing options available, many companies are turning to alternative cash solutions like the merchant cash advance. What is a Merchant Cash Advance? If you’re unfamiliar with this financing tool, a merchant cash advance (MCA) provides businesses with quick cash – much faster than a traditional lender is able. An MCA provides your company with a lump sum of cash in exchange for a portion of future credit and debit card sales. The repayment […]

In the midst of the pandemic, small business funding needs were a hot topic. Lots of information was available for business owners in need of additional capital to weather the storm and uncertainty. As the economy attempts to bounce back and transition out of the pandemic, many of those small business owners are still looking for cash solutions. However, now that the – unsatisfactory for many – Paycheck Protection Program (PPP) has ended, many are struggling to find the capital necessary to recover and grow. The biggest obstacle today is feeling like “just a number”. Big banks are flooded with […]

Running a business isn’t a simple thing, especially during challenging times. Business loans help you expand your company and take it to the next level successfully. In this article, you’ll see the difference between a grant and business loan so to come up with the best solution for your business.  Business Loans, Grants & Alternative Business Funding Options  Think of a business loan as funds that you can obtain from a bank, credit union, or another financing institution. This is an opportunity to get temporary access to working capital that you’ll be required to pay back over time and with interest.  When […]

The COVID-19 pandemic is inarguably the biggest trial the financial system has ever faced to date. This worldwide health crisis has produced an unparalleled “macroeconomic shock”, thrusting the global economy into a recession of an undetermined scale and period.  Because of COVID-19’s direct impact on businesses, there needs to be an aim to protect financial stability as well as its “liquidity”. In a time when the markets, operations, and revenue could be fast-changing, business owners must react rapidly to a change in cash and capital.  What You Can Do Now With the current COVID-19 crisis, you need to analyze what […]

The COVID-19 pandemic has hurt mostly the service economy. Businesses such as restaurants, cafes, bars, gyms, and not only are in a critical situation. This article will help you with business funding options, such as a merchant cash advance, to navigate these challenging times with ease. Merchant Cash Advance for Service Industry Many countries, including the U.S. and China, rely on the service sector to a great extent. The forced lockdown didn’t allow many stores to continue their operation and consumers to leave their homes. Unfortunately, retail sales have sharply declined because of the COVID-19 pandemic. On the other hand, […]

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 […]

Planning and starting a business is one of the most exciting things you’ll ever do. You have done tons of research, written a business plan and now you have just one, big question left to answer: how to finance your business. Business funding is such a broad concept; it can easily overwhelm an entrepreneur. To help you get started, consider the following things you should consider before financing your business, along with tips on how to choose funding: Understand what you’re financing In order to determine what financing is right for your business, you first have to understand what you’re […]

As you grow, there are countless reasons and situation in which your business will need extra cash. Expanding your business and investing in a new marketing strategy require working capital. New equipment, hiring new staff and increasing inventory require cash. When you experience slow periods and need an influx of capital, you will also need a source of additional funds. Does this sound like your small business’ current situation? Do you have plans to expand your operation? Consider the following reasons why a small business cash advance from First American Merchant may be your best funding option. Credit score is […]