sales@firstamericanmerchant.com
Give us a call for more info 1-800-210-5649

merchant cash advance Blog Posts

By First American Merchant

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

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 […]

Read More…

Recovering from a Rejected Business Loan Request in 4 Steps

Declined loan requests are one of the cases in business when expectations can lead to serious disappointments. After believing against all the odds, it can be heartbreaking when your loan application finally gets rejected. That’s why you need a plan B for when things turn sour. Therefore, as you toil to gather credentials and prepare your application process, always think about what happens if you fail— and plan for it. Borrowing with this kind of mentality and preparedness can help you pick up your pieces and act swiftly in the case of a denial. So what can you do if […]

Read More…

Can a Cash Advance Hurt My Credit Score?

Life happens, and sometimes you need emergency funding to tackle obstacles that may fall on your plate. The best option is to have money saved up for these rainy days, but that isn’t always possible. A situation where a machine that’s imperative to your business needs to be repaired or replaced can set you back hundreds, if not thousands, of dollars.  If your back is against the wall and you need emergency money fast, a merchant cash advance might be an option to look into. However, there are some important conditions to consider before opting for one. What Is a […]

Read More…

Merchant Cash Advances | Why Businesses Seeking Finances Must Use Them Cautiously

Small and medium business owners love merchant cash advances because of their fast and hassle-free disbursement. However, this is one of the cases of a deal too good; which is why you should think twice before you use this form of financing. MCAs are said to have triple-digit APRs or annual percentage rates that makes their total cost quite expensive.  These steep rates paired with their per-day settlement pattern are a recipe for cash-flow crisis. The worst MCA plans lead merchants into an endless debt cycle where the debt is literally unmanageable and they have no option but to refinance […]

Read More…

The Ins and Outs of Merchant Cash Advances

MCAs offer SMEs a quick business financing alternative, something different than what veteran banking institutions offer. With cash advances, a funding company gives a retailer an amount, which they utilize for their business needs and settle with a predetermined percentage of their per-day sales. This new-age product is appropriate for micro-businesses that; Take credit card payments, cash, and check payments. It is NOT suitable for retailers who use invoices. Record high sales Are seeking instant financing Won’t be verified for bank funding How it Works MCAs offer finances to microbusinesses in trade for a portion (%) of the company’s daily […]

Read More…

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 […]

Read More…

Should Your Business Get a Merchant Cash Advance?

If you’re a small business looking for a little extra financing, you may have considered a merchant cash advance (MCA) but aren’t sure if it’s right for you. An MCA is a lump sum of money given to a business in exchange for agreed-upon terms, including a percentage of future sales. It differs from a loan because it does not require collateral or fixed repayment terms. Read on for more information about merchant cash accounts. Advantages of a Merchant Cash Advance In the wake of the financial crisis of 2008, it has been harder for small businesses to get standard […]

Read More…

MCA for Wheat Farmers Faced With Low Market Values & Tariffs

Wheat farmers in the U.S. are now faced with low market values and tariffs. Are you interested in where you can get a business cash advance for your business? This article is about wheat farmers’ current challenges and reliable business funding options. U.S. Wheat Farmers: Get a Business Cash Advance This year, the U.S. farm economy is coping with some challenges like never before in recent years. These challenges are caused by trade problems, climate change, depressed commodity prices, as well as decreased immigrant labor. Net farm income has dropped to 50% since 2013, thus making up $70 billion from […]

Read More…

Prepare Your Business for Summer: Get Merchant Cash Advance

Summer is so much about sun and fun. Summer is also a great time to spend productively for your business. This article will tell you about a number of productive ways you can use for your business. Also, it’ll help you with the right merchant cash advance in case you need business funding. Preparing for Summer & Getting a Merchant Cash Advance Although summer can turn into the downfall for your business, it can also be just the opposite if you’re well prepared to meet this wonderful time of the year. This slow and lean period can help you prepare […]

Read More…

Easy and Economical Ways to Fund a Franchise

  Getting down to the nitty-gritty of funding a franchise business is important because it eventually determines the type of business you build. Furthermore, would-be franchisees often realize they have far more options than they’d imagined when they find that they can buy a resale business, secure a bigger region or even multiple regions. Knowing your funding options also gets you ready to inject the right amount of cash when opportunities knock and you need to grow your bottom line or face situations that need instant funds. SBA: African Americans Dig into Their Pockets to Fund Franchises Reports by the […]

Read More…