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Merchant loans Blog Posts

By First American Merchant

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5 Reasons to Get a Merchant Loan

Does your business need funds quickly? Are you wondering what a merchant loan has to offer? If you’re considering whether to apply for traditional lending or an alternative, the following list of merchant loan benefits will help you decide what is right for your business. 1.      Get the Cash You Need Fast With a traditional lender, you could wait weeks or even months to find out if you qualify for funding. By then, your business could miss a great opportunity, or worse, find itself in a bad cash flow situation. Before you even apply for a merchant loan, […]

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Small Businesses Get Cash Boosts With Merchant Loans

If you are a startup or smaller business that is just making a name for itself and needs extra cash, finding a lender can be challenging. Traditional lenders, such as banks, require good credit scores and collateral to get approved for small business loans and many other types of financing. Whether you need to buy additional inventory to get through the holiday season or you are low on cash because you are in the slow time of your seasonal business, how do you get the funding you need if have bad credit and no assets to put up for collateral? […]

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Merchant Loans for Sports Bar Owners

Bar owners looking for ways to add new income avenues without moving to a new space should consider upgrading to a sports bar.  And the fact that you can get a sports bar merchant loan without much ado makes it something you really want to try. A ready market Russia hosted this year’s FIFA world cup that ended only a few weeks ago, and to many retailers, it was an excellent opportunity to make profits out of the event that attracted fans from different nations.  Sports bar owners are among the retailers who benefitted from this event as fans who […]

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2018’s Guide to Building Business Credit

Every retailer is aware of the importance of building business credit— most of them just don’t know how to go about it.  It is one factor they look at when assessing your eligibility for a micro-business loan, a line of credit, or any other kind of funding. Follow this guide to build credit for your company. Understand the process of Business Credit Reporting You need to learn the process of business credit reporting. Credit reporting agencies get their data from the lenders and creditors that offer you funding and process the info via an algorithm to determine your business credit […]

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Merchant Loans | Where to Find an Alternative Business Loan

Are you seeking an alternative to the traditional small business loan? A merchant cash advance (MCA) might be the cash solution you have been looking for. Consider the following helpful tips on merchant loans and how to decide if this financing option is right for your business. What is a Merchant Cash Advance? A cash advance involves the lender purchasing a slice of your business’ future credit card sales. In exchange, your business receives a cash advance as a lump sum payment. An increasingly sought-after alternative to traditional funding, a cash advance also provides a flexible payment process. The payments […]

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5 Tips for First-Time Business Owners

Are you going to launch your first venture? Have you already gone through the process of setting up your new business? It’ll be quite helpful for you to go through the tips listed below so to be able to take your business off the ground and succeed. Focus on the Thing You Love Most Don’t act like those entrepreneurs who jump at every opportunity that they come across. You’ll be more productive and be able to conduct your business more effectively if you do what you love. Focus on the type of business for which you feel you have the […]

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13 Small Business Trends to Follow at Your Office

Companies should keep an eye on key trends and new developments if they want to remain competitive and reach more success. According to the US Small Business Administration, the 28 million small businesses in America account for 54% of all U.S. sales. The number of small businesses in the United States has increased 49% since 1982. What are the key trends that small business owners should follow? On-Demand Business Models Will Become Widespread Technology companies fulfilling consumer demand via the immediate provisioning of goods and services will become more common. New Loan Options Available to Small Businesses Mobile wallets will […]

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How Your Business Can Benefit From a Retail Consumer Finance Program

68% of shoppers looking for financing prefer researching it online. Only 49% of shoppers know they can obtain financing in-store. According to 77% of consumers, financing influences where they shop. About 100 million Americans have less-than-prime credit scores. Consumer Finance Loan What is a consumer finance loan or CFL? It’s a type of subprime loan that borrowers get from consumer finance companies. Consumer finance loans are designed for those who have less than perfect credit. Also, those who have difficulty obtaining credit to purchase something that is out of their monetary range can apply for a consumer finance loan. Thanks […]

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American Express Merchant Financing Is Not The Only Option

Are you considering your options of getting financing for your business? Many entrepreneurs turn to a bank to obtain a small business loan, but very often they feel hopeless after being rejected. Banks tend to reject more people than they approve. Even if banks give you a green light, you’re likely to pay higher interest rates. Business Loan Challenges According to the 2016 Small Business Credit Survey from 12 Federal Reserve banks across the US, which was conducted in the last half of 2016 and included over 10.000 employer firms across all 50 states, small businesses feel optimistic about the […]

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5 Methods that Help Your Boutique Business Thrive

If you’ve recently started a boutique business, your already aware of how the many aspects of running a profitable small business can be overwhelming. Trying to stay ahead of big-name brands is quite a challenge – but not an impossible one. Consider the following tips that will help you build a successful business: Research Location (and research some more) It’s especially important for the boutique business to focus on finding a prominent location. You want it to be convenient so you can constantly attract and bring in new customers. If your business is hard to find because it’s not visible from […]

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