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Merchant Funding Blog Posts

By First American Merchant

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

How Merchant Funding can Rescue Your Business

Are you curious as to why small businesses are increasingly turning to a merchant cash advance for help? How does the merchant cash advance compare to traditional financing? Are the costs involved worth it? If you’d like some answers to your questions, consider the following example of how this alternative financing option can save the small business. Why choose merchant funding? Many business owners believe they’ve secured the appropriate amount of financing for their new business to succeed, only to discover their rapidly running low on working capital. First, they turn to the bank for a solution. On top of […]

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Things That Can Get your Business Loan Application Rejected

Merchants might need funding for many reasons, and if you’re running a business, you’ll likely find yourself looking for extra cash from time to time. Depending on the type of your operation, getting the finances you require can be easy, a little challenging or near-impossible. Nevertheless, having prior information of what your prospective funding partner looks for in an applicant will help you know what it takes to get your request approved. Below are some of the most common reasons why a financier might reject your application for funding, and how you can avoid them. Inaccurate or incomplete business information […]

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Four Steps to Take When Your Customers Don’t Pay Their Bills on Time

Late payment is a problem that plagues the cash flow of many merchants and is one of the fastest ways to go out of business. Regardless of how successful or established, a major part of your job as a trader is to ensure that all transactions are completed on time. Of course, the billing policy you’ll employ will depend on your type of business. If you run a large-scale enterprise, for example, your clients will likely expect to be given at least a few weeks to pay their invoices. And although you’re often left with no choice, agreeing to their […]

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Does Your Business Have Cash Flow Problems? Here’s How a Merchant Cash Advance Can Help

Cash flow impediment is one of the biggest problems businesses, especially young ones, face every day. A merchant can have slow cash flow because of several factors, some of which are outlined below. Weak sales Traders who are not selling enough to satisfy their target and meet expenses are already experiencing cash flow issues. Reasons for a reduction in the number of daily transactions can range from poor business management to an unexpected change in the market, such as the entry of a dominant competitor. It is also common for new businesses to suffer low sales in the first few […]

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How You Can Minimize Your Business Spending

Maintaining a steady cash flow is paramount for the healthy growth of your enterprise, and doing so demands streamlined spending habits. While we don’t recommend just going for the cheapest business services available, you should sit down and evaluate the areas where you might be able to save some cash. Here are a few tips on how you can cut operational costs while maintaining the quality standards of your goods and services. Bundled internet and phone packages As a business owner, you probably spend a lot on cellular and internet services. Because simply doing away with these expenses is not […]

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Applying For A Business Loan? 10 Important Points To Focus On

Applying for a bank loan is associated with many things. Filling out paperwork isn’t enough to get approved for a bank loan. Below you can find 10 important points to focus on before applying for a bank loan. Do You Qualify for a Bank Loan? If you see you cannot qualify for a bank loan, applying for it will hurt your credit. Find out the requirements of the bank beforehand. Most banks will tell you the lowest credit score, the cash flow and other qualifying factors they require. The Amount You Need Make sure to know the exact amount you […]

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Cash Advance or Bust: What to Do If You Cannot Find a Small Business Loan

Loans are tricky. From home loans, to car loans, and even small business loans, there are many catches to obtaining one. Small business loans may be the worst when it comes to a denial rating – which may end up being a good thing for your business. The “cons” often outweigh the “pros” when it comes to a small business loan, so being turned down is not necessarily bad. However, it can be bad when you do not know about any other funding options available. So, what do you do? It is not like you can petition the bank to […]

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5 Steps to Prep for a Business Loan

High risk merchants often have a hard time acquiring business loans. Lenders view merchants in high risk industries as undesirable investments, even if the business owner is an experienced entrepreneur. But it is possible for high risk merchants to find and attain the necessary funds to start and grow their businesses. The following are a 5 steps to getting a business loan. Develop a Business Plan Many business owners only know that they could do with some extra cash. Lenders are not likely to disburse funds unless you can tell them exactly where the funds are going and how they […]

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A Guide for Choosing the Best Small Business Funding Option

Most business entrepreneurs choose to fund their startups through their own cash or savings. While this approach works well for many business owners, there will come a time when additional capital is required from the outside. With alternative lending options constantly evolving, small business owners are finding it easier and easier to evaluate what each lender is offering them (pricing, rates, terms, etc.). Ultimately, these non-bank lenders offer more choices. While it is fairly easy to find a list of alternative lending options for a small business, knowing what to consider while evaluating those lenders is not always as transparent. […]

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6 Steps To Take Before Applying For A Small Business Loan

Small businesses are cornerstones of every country’s economy. If you’re considering to start a small business, you should take into account the financial risks and challenges you may face as an entrepreneur in today’s world of business. There are several important steps to take when applying for a small business loan. Here they are: Know Exactly Why You Need a Small Business Loan Determine why your small business needs a loan. You will have to repay the loan so it should serve the purpose of growing and expanding your business. Lenders will take your business more seriously if you can […]

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