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Small Business Blog Posts

By First American Merchant

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

Documents Small Businesses Need To Keep Hard Copies Of

Apart from the daily operations of a business, small business owners must also contend with keeping important documents accessible at a moment’s notice. From taxes to financials and critical customer information, these documents must be easily pulled for reference. Although using a cloud storage system may be all your business needs for easy access, having hard copies are sometimes necessary. In most states, for example, it’s a legal requirement for a limited liability company (LLC) to have a copy of its operating agreement in its “primary place of business”. Business licenses and permits should also be available in hard copy […]

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Putting Your Best Foot Forward in Your Entrepreneurial Journey

Not many business dreams actualize into brands or companies. Why? Because it is not easy to kick off and expand. Everything is no longer in the mind, you have to take action, and all decisions impact your venture’s future. Every day is business, and your mind is full of ideas to implement, problems to solve, targets to meet and every other thing that could impact your bottom line either positively or negatively. But launching a startup is the sizzle, not the steak, growth is a bigger worry because it is a never-ending process. For your business is to move forward, […]

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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 […]

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A Guide to Merchant Cash Advances

If you are in urgent need of commercial financing to keep your small or medium business on its feet, you should choose from the many flexible alternative types of financing to help address your specific needs. A merchant cash advance is one such innovative way to acquire funding. The product hasn’t been around for too long— at least not as long as loans and credit lines, but savvy merchants are already making the most of it. Cash advances are comparatively easy to acquire; they offer hassle-free settlement terms and can help you bridge the gaps left by other forms of […]

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Small Business and Entrepreneurship Not A Priority for 2020 Presidential Runners

One vibe the small business industry is getting from the race to 2020’s Presidency is that no one cares about them. Not a handful of the many names from the Democratic field have majored in entrepreneurship and small businesses. It is dreadful that core issues like the status of the economy and the small business industry, are far behind matters like gun regulation, social justice, immigration, climate change, healthcare, and foreign affairs. Only a few candidates are mentioning micro-business loans, despite the fact that access to merchant funding is central for the growth of small to mid-sized companies. Surprisingly, the […]

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New Ways Scammers Are Likely to Target Your Small Business

As you toil to achieve business success based on your goals and objectives, Cybercriminals are doing double duty to breach your site and loot a share of what they haven’t worked for! And while you may say— “my business is small, it just kicked off, there’s not much a cyberthief can get from me”— it’s safer to switch sides and stand on the safer end. The safer side here means being proactive when it comes to security. Remember, of all the cyberattack threats, nearly two-thirds target small businesses. So, you want to be watchful against any phony requests that may […]

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Business Funding: 9 Reasons to Borrow Now

Today, small business owners have multiple options when it comes business funding. The important thing is to avoid borrowing money too aggressively and without a sound basis. This article will tell you some basic reasons why should borrow now. Business Funding: Borrow Now or Not Did you know that 50% of business fail during the 1st 5 years and 66% during the 1st 10? Right planning, funding, and flexibility are the most important factors to help you success and not fail. When it comes to funding, more businesses feel comfortable with online lending. Yes, this is a fact. Why? Online […]

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6 Unique Ideas for Your Next Small Business

Recent reports say that more than 20.5 million Americans own their own business. Another 53 million freelance in various fields. The rest of America wishes they owned their own operation. The Organisation for Economic Co-operation and Development (OECD) discovered that 58 percent of women and 69 percent of men in the U.S. agree with the statement “I would rather take a risk and build my own business than work for someone else.” So, what stops these individuals from going after their entrepreneurial dreams? On the long list of reasons, cash definitely ranks near the top. Today, finding small business financing […]

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3 Ways the Government Shutdown Affected Small Businesses

Much has been said about who has been harmed by the recent government shutdown – the longest shutdown in U.S. history. The shutdown began Dec. 22, 2018 and ended 35 days later. Hundreds of thousands of Federal workers who had missed two paychecks during the partial government shutdown were finally informed they would receive their back pay. In the midst of the shutdown and in the days after, not much was said about how the partial shutdown affected small businesses. Countless small business owners were also negatively impacted by the shutdown. The following are the top three consequences small businesses […]

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Merchant Cash Advances: An Affordable Way to Grow Your Small Company

The process of expanding a small business requires a strategy, action and finances. Without any of the items, you have an incomplete recipe that may not give the results you desire. While many micro-businesses know precisely what they should do to grow their firms to the next level, they only lack the finances to put into practice their thoughts.  But a merchant cash advance can change the direction of your story. It is a quick and undemanding avenue to source the extra cash your upcoming business needs to make improvements. Below, we explore the advantages of an MCA as well […]

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