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

Small Business Blog Posts

By First American Merchant

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

Best Protection from Cyber War on Small Business

The 2016 State of SMB Cybersecurity Report shows that from April 2016 to April 2017, hackers have breached half of all small businesses in the US. A bill making its way through the US Senate proposes to create a set of resources and guidelines that can be used by small businesses for the purpose of protecting themselves from cyber attacks, which are steadily increasing in number. Cyber Attacks Are on the Rise According to a recent survey, 87% of small business owners don’t feel they’re at risk of a cybersecurity attack. 1 in 3 small businesses doesn’t use the necessary […]

Read More…

Small Business Tasks You Can Outsource

Outsourcing is a great means for startups or small businesses to reduce costs so to shift more revenue to operational growth and free up time. Outsourcing can account for continuity, and help you control your operational expenses and risks. Here are 12 tasks you can easily outsource to avoid making a critical mistake, save time, and focus your attention on your core business. Administrative Tasks: Appointments, Scheduling, and Answering Phones Small tasks can take most of your time each day. Outsource your administrative tasks so to be able to focus on the core processes of your business growth. Bookkeeping Avoid […]

Read More…

Myths About Small Businesses in America

It’s shocking how a lot of propaganda is floating around concerning small retail shops (commonly known as mom-and-pop stores) these days. Honestly, all myths surrounding the experience as a startup business owner are often exaggerated. These myths can scare you from venturing into a niche that could be very profitable or, equally, convince you into going after opportunities that don’t really exist. Discover the most common myths about mom-and-pop shop and the truth about small business. Mom-and-pop stores are fading away Truth: While startup businesses are not always at par with established business all the time in terms of revenue […]

Read More…

Mom-and-Pop Businesses Vs Mega Chains

According to the US Small Business Administration, there are 28.8 million small businesses in the US. Small businesses, which include those with fewer than 500 employees, represent 99.7% of all business in the US. Between the middle of 2009 and the middle of 2013, small businesses created 60% of the jobs. When it comes to larger stores, 20 of the largest US-based supermarket and grocery store chains are ranked alongside the 250 largest retailers in the world thanks to the revenue they have. Of the 250 world’s largest retail chains, 25% are classified as strictly being supermarket and grocery store […]

Read More…

How Do Invoicing Methods Affect Your Cash Flow?

Small business owners in a number of industries use invoicing to get paid. If you’re among them, be aware effective invoice strategies are critical to your success and can help you improve your cash flow. First, don’t send invoices with incorrect information because clients may refuse to pay them. Don’t fail to keep detailed records so to avoid mistakes. Second, avoid delayed invoicing, meaning do your best to send invoices as soon as you can after the service is rendered. Otherwise, clients will just ignore the bill. Third, avoid late payments. The point is that clients will pay late if […]

Read More…

The Best Financing Options For Your Small Business

There comes a time in the life cycle of a business when it needs some form of financial help. If you’re an SME owner, for instance, you could want more funds to buy equipment, hire new staff, grow your brand’s awareness, clear your debts, or just meet daily operational costs. Whichever reason it may be, raising capital is rarely an easy endeavor. Nevertheless, you can sleep a little more soundly at night by choosing the method that is best for your situation. Below are some viable options. SBA loans The Small Business Association has been issuing loans to SMEs for […]

Read More…

Looking for a Working Capital Loan?

  Small businesses can be characterized as micro-managed organizations that are doing their best to complete the most with the least, especially when it comes to cash reserves. If you, as a small business owner, have little or no working capital, you’re going to find yourself in a harsh reality. Getting Access to Working Capital Finding a source for working capital can be challenging for small businesses. Traditional banks have strict requirements and aren’t willing to fund businesses with poor credit scores: they prefer established, reliable businesses. So, small businesses and entrepreneurs should find a reputable business loan provider like […]

Read More…

5 Alternative Business Funding Options for the Startup Entrepreneur

Whether your business is established or a startup, money is always a concern. From purchasing new equipment to covering payroll to hiring new employees, cash flow must be managed closely. Failing to do so will have devastating consequences. Opportunities will be missed, it will be difficult to keep up with the competition and/or growth and expansion will come to a halt. A year-end report by the National Small Business Administration (NSBA) revealed that 27 percent of the businesses surveyed claimed they were unable to secure the funding they needed. Desperate for funds to launch their venture or fund expansion and […]

Read More…

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 […]

Read More…

Is the Merchant Cash Advance an Option for the Small Business?

A new alternative to the traditional small business loan, merchant cash advances continue to grow in popularity. Why? Instead of waiting weeks (or months) for cash – only to find they’ve been declined – the merchant cash advance allows the business owner to secure cash fast. An alternative lender like First American Merchant can advance you the funds you need in as little as 72 hours (if not sooner). The lender provides you with this working capital by making a purchase of your future credit and debit card sales; the amount of sales and the discounted cost are agreed upon […]

Read More…