Small business loans, ACH, payment processing, business bank accounts… There’s so much to understand as a small business owner. From making loan payments and choosing an ACH provider, these decisions can feel overwhelming. This is especially true if you’re a new business trying to get things set up correctly for sustainable growth.  Trying to sort out the details of ACH payments and small business loans can be confusing. If you’re currently considering these options, the following details will help you distinguish between the two and understand the ins and outs of each.  What is the Automated Clearing House (ACH)? The […]

Merchant Cash Advance(MCA) is a term used to describe a type of loan that allows you to use your cash flow to make purchases for your business.  These are small-dollar loans, typically with an interest rate between 15% and 24%. You can take out as little as $5,000, but some providers give out much larger amounts. How Do Merchant Cash Advances work? This type of loan works similarly to a credit card advance, but instead of using your credit card balance as collateral, you use the current value of your daily/weekly sales as collateral. Merchant cash advances are typically paid […]

So many businesses fail because they run out of enough finances. What if you applied for a business loan, but you got rejected? Below, you can find the main reasons for this so that you can start working on improving the situation.  Reasons Why Your Business Loan Was Rejected Non-bank lenders have approved more applicants in recent months than banks, according to the latest Biz2Credit Small Business Lending Index. Small business owners have more chances to get approved for a loan from an alternative lender than from a bank.  Reputable alternative online lenders like FirstAmericanMerchant.com specialize in the high-risk field […]

Long-term business loans are the preferred option for many. They enable the borrower to make the loan repayment over a longer period, but this results in higher amounts lost on interests. For how long can you get a small business? Repayment Terms for Small Business Loans  What’s the most usual answer to “how long can you get a business loan for”? Well, the majority of long-term business loans require borrowers to make payments during one – five years. With SBA, loan terms can be up to 25 years. Overall, there is more than one nuance associated with loan terms. Overall, […]

Why Merchant Cash Advances are an Ideal Funding Source for Physicians From time to time, like any business, medical practices can benefit from additional capital and an array of business loans. Growth, obstacles, and opportunities tend to come when we least expect them to – and they all require cash. However, many physicians are unsure where to start and which options are best suited to their industry. Some physicians find Small Business Administration (SBA) loans are suited to their needs. But others have found they are actually better off with alternative or new financing solutions. That being said, you might […]

A new year. The perfect time to assess where your business sits today, what went well last year, what didn’t go as planned, and how you can do better going forward. If you’re currently looking at the objectives for 2022, you are likely looking at your business finances as well. Any moves, big or small, typically involve working capital. For example, are you looking at buying new equipment to take your business to the next level and take on multiple or larger orders? If so, you’re likely going to need some financing for such a large purchase. As you look […]

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 […]

If you think payroll is always easy to predict or there’s nothing difficult about it when it comes to paychecks, you’re not right. You’d better follow the lines below to learn more about payroll and its cash flow influence.  Payroll & Cash Flow  Payroll is money that companies payout. Unlike accounts payable, it has to do with expense and liabilities accounts. In fact, payroll may represent the least volatile areas of capital outflows.  Businesses need to automatically connect payroll data into their back-office financial management systems. As for customers, they’re increasingly more often applying to payroll providers that can help […]

How to defeat ransomware? This is a question that you, as a merchant, must be interested in, mustn’t you? If your data gets stolen, you should be prepared for the worse and take the right measures to save the situation. The below article is about what you should do when faced with ransomware. Also, it’s about a reliable and experienced merchant funding provider in case you need access to additional working capital.  Ransomware Attacks & Issues With Business Funding Ransomware isn’t something new, only it’s now more widespread. Today, cybercriminals are more sophisticated and they go on mastering their skills […]

A good credit score is a pivotal factor for businesses that want to acquire loans. Most businesses usually need additional funds to invest, thrive, and expand their reach. During such times, your credit rating may determine the lender’s decision.  What Leads To A Poor Credit Score?  A low credit score can be a result of various factors. For example, failure to cultivate your credit when the business was developing, financial struggles, or low revenue incomes. One must first learn the roots of their poor credit score to fix the issue. Lenders typically use details about your FICO ratings, which is […]