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Small Businesses Blog Posts

By First American Merchant

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

A Quick Guide on How to Manage your Cash Flow

Cash flow in your business is very important to inspire the growth and profitability of your business. How you manage cash flow will determine your day-to-day business progress. Poor cash flow management may be detrimental to your enterprise. You may be unable to pay staff, restock supplies or even meet business expenses on time. We have researched four efficient ways to manage your cash flow better so that your business can grow and be more profitable. Escape the year-one Obstacles Most new business owners in nearly all industries identify cash flow as a leading obstacle to growth and success. Keeping […]

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Need Access To Capital Now? Consider a Merchant Cash Advance

One of the most common reasons that businesses fail is the lack of cash flow. In fact, a survey conducted by U.S. banks has discovered that as much as 82% of small businesses fail due to cash flow problems.  Cash flow problems occur when your monthly expenses surpass the amount of cash you have on hand. This could be attributed to slower sales or customers defaulting on their payments. Poor cash flow can put a serious halt to your business as you won’t be able to run your daily operations or even invest in the growth of your business.  If […]

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E-commerce Growing With Merchant Cash Advance Funding

According to McKinsey & Company, the US e-Commerce penetration experienced 10 years’ worth of growth in a matter of 3 months, replacing physical channels along the way. And all of this occurred during the height of the Coronavirus pandemic.  More business owners are turning to online channels to sell their wares. In fact, Shopify has reported that the number of stores launched on their platform grew by 71% in the second quarter of 2020, compared to the first quarter.  The unfortunate reality is that many new businesses will fail. The main reason is the lack of money management. A recent […]

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13 Alternative Financing Strategies For Your Business

Starting your own business is loaded with risk. Most believe that you have to go in with your own funding to make things happen. This is not the case. In fact, there are 13 ways for you to acquire the finances you need to launch your business off the ground. Here Are The 13 Ways To Finance Your Business Don’t Reinvent The Wheel:  It’s too easy to fall into the trap of creating a business idea that is mind-blowing, innovative, and unique. However, none of this will guarantee success. Instead, focus on a business concept that has a proven track […]

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Small Business Grants for COVID-19 Impacts

Small businesses almost everywhere in the world are struggling from COVID-19‘s economic impact. In the U.S., merchants have a number of financing options for their businesses. This refers to both government-backed and alternative options. If you’re interested in small business grants or some financial relief, keep on reading the lines below. Small Business Grants in Different States You must be well aware of the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), and the SBA Express Bridge Loans. Let’s look at some business funding opportunities in different states. Have you heard that the Grays Harbor County Commissioners have given […]

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MBDA Awarded $10M in Small Business Federal Funding

On June 22, the U.S. Department of Commerce, Minority Business Development Agency (MBDA) announced it was allocating $10 million under the CARES Act to the network of MBDA business centers and national minority chambers of commerce. To know more about the topic and how to get alternative financing for your minority business, follow the lines below. COVID-19 Funding for a Minority Business MBDA is the top federal agency helping the minority business community develop and expand. According to the agency, COVID-19 has brought a particular impact on minority communities and businesses, and they’re going through severe challenges. The agency is […]

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4 Tips to Keep Your Business Going During COVID-19 Crisis

It has been nearly sixth months since the COVID-19 pandemic swept the nation and created massive waves for the economy. The current crisis has created significant challenges for small business owners in particular. Even those that were thriving before the pandemic have felt the effects of limitations or sustained closure. As more and more small business owners wonder how they are going to pay their bills and cover payroll – or stay in business at all – most are having to turn to outside sources of funding. Many are also having to pivot to adhere to health and safety guidelines […]

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Congress Unanimously Approves 5-Week PPP Money Extension

At the close of June, President Donald Trump signed a bill re-opening the application window for the Paycheck Protection Program (PPP), extending the deadline until August 8. This five-week extension was approved by both chambers of Congress with unanimous consent. This move will ensure this source of funding stays open a little longer for the many struggling small businesses currently navigating COVID-19 challenges. The PPP was initially launched in early April as the pandemic hit the U.S. economy hard and forced many businesses to close their doors and/or pivot their brand strategy, offerings, and budgets. The program has gone through […]

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Despite Push For More Funding, PPP Money Still Unclaimed

Small business funding is largely underutilized due to stringent rules and endless changes.  The U.S. Small Business Administration will be closing their doors of approval for all Paycheck Protection Program loan applications on Tuesday June 30th. What this means is that more than $100 billion in “federal loan guarantees” for nonprofits and small businesses grappling with COVID-19 will remain untouched.  According to the SBA, the Paycheck Protection Program, launched on April 3, has awarded close to $519 billion in loans from private lenders and banks to almost 4.8 million borrowers. Based on these figures, that leaves an excess of $134 […]

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Clever Ways to Finance Business Costs Not Included in SBA Coronavirus Relief Loans

During their inception, SBA Covid-19 relief loans were seen as the perfect tool to survive this unusual pandemic. But many business owners are coming to terms with the harsh reality as applications get rejected and loan terms get clearer. The CARES Act provided Coronavirus Relief Funding through two programs; the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). With possible federal loan forgiveness, the two funding programs seemed like the perfect deal until business owners realized that their terms can be unforgiving. For instance, small businesses have reported difficulties getting access to PPP loans. And those who are […]

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