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merchant cash advance Blog Posts

By First American Merchant

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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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5 Money Management Tips to Keep Your Business Afloat

Tough times come and go. Of course, you want your business to be permanent and strong. To muscle through uncertainty and economic downturns, your business will need to adopt and maintain solid money management. If you find handling cash flow difficult and time-consuming, you’re not alone. In fact, nearly half (42%) of small business owners admit managing cash flow is a big challenge. But maintaining working capital is a must if you want your business to succeed, rain, or shine. The following tips will help you learn how to manage your small business’ money effectively and develop good financial habits: […]

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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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The Benefits of Merchant Funding

If you are looking for more funds for your business, you may have come across the term merchant funding or merchant financing. This might be just what you need to pay for your expenses, pursue new investments, and position your business for future growth. What Is Merchant Funding? Merchant funding or merchant financing is basically financing for merchants. It is a general term that refers to any business financing for any merchant with a “credit card processing system”. Often, merchant financing can be referenced as merchant cash advances. This funding type takes repayment automatically via your credit card processing system.  […]

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7 Advantages of Using a Merchant Cash Advance

Working capital can make or break your business. After all, you need to manage inventories, take your business to the next level, and so on. A merchant cash advance (MCA) has become an extremely popular type of business financing among merchants in recent years and plays a special role in crashed economies. This article is about MCAs and the perks they offer. Merchant Cash Advance & Its Benefits MCAs are the preferred business financing option for many merchants. Be aware that an MCA isn’t a loan: it’s a sale. You just get upfront money in exchange for the sales you’re […]

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13 Alternative Financing Strategies For Your Business

Starting your own business is loaded with risk. Most believe that you have to go in with your own funding to make things happen. This is not the case. In fact, there are 13 ways for you to acquire the finances you need to launch your business off the ground. Here Are The 13 Ways To Finance Your Business Don’t Reinvent The Wheel:  It’s too easy to fall into the trap of creating a business idea that is mind-blowing, innovative, and unique. However, none of this will guarantee success. Instead, focus on a business concept that has a proven track […]

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Alaska Small Businesses Struggling, Despite COVID Funding Assistance

When it comes to feeling the effects of COVID-19, Alaska has not been left untouched. Small businesses owners across Alaska are still struggling during the pandemic, despite the loans and grants intended to boost cash flow and carry them through this difficult time. While the Commerce Department has made $290 million in small business grants available, some small business owners are not eligible. While some nonprofits are eligible, others have found that they are not after receiving small federal loan advances. As a result, these businesses have had their operations come to a screeching halt. In an interview with KTUU, […]

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4 Tips to Keep Your Business Going During COVID-19 Crisis

It has been nearly sixth months since the COVID-19 pandemic swept the nation and created massive waves for the economy. The current crisis has created significant challenges for small business owners in particular. Even those that were thriving before the pandemic have felt the effects of limitations or sustained closure. As more and more small business owners wonder how they are going to pay their bills and cover payroll – or stay in business at all – most are having to turn to outside sources of funding. Many are also having to pivot to adhere to health and safety guidelines […]

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Congress Unanimously Approves 5-Week PPP Money Extension

At the close of June, President Donald Trump signed a bill re-opening the application window for the Paycheck Protection Program (PPP), extending the deadline until August 8. This five-week extension was approved by both chambers of Congress with unanimous consent. This move will ensure this source of funding stays open a little longer for the many struggling small businesses currently navigating COVID-19 challenges. The PPP was initially launched in early April as the pandemic hit the U.S. economy hard and forced many businesses to close their doors and/or pivot their brand strategy, offerings, and budgets. The program has gone through […]

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Alternative Business Funds During COVID-19 Recovery

A crisis like the one caused by COVD-19 puts businesses of almost any size and type into a difficult financial situation. If you can’t get approved for a state-backed funding option or need another financial source, look for alternative resources. If you’re interested in nontraditional business funds during COVID-19 recovery, you’re at the right place. Alternative Business Funds During COVID-19 Recovery Federally-backed funding options under the CARES Act give you access to additional working capital. However, they aren’t the best option for all businesses, and many merchants have had difficulty obtaining them. Let’s see what nontraditional solutions are available for […]

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