4 Problems Solved By A Business Cash Advance

Posted by Karen Erdelac on Nov 23, 2015

business cash advanceAs a business owner, it may seem like you are constantly facing and dealing with problems in your business. Hardly a week goes by when you don't deal with some kind of problem, and more often than not, the solution seeks to part you with more of your hard-earned money. It's easy to get discouraged and to feel like the problems will never end.

The natural cycle of business is for cash flow to fluctuate. Some months, your business generates plenty of money to cover all your expenses, but others, it seems like it's a constant struggle to make ends meet. When costly problems occur, it's hard to tell from one month to the next what the cash flow is going to look like.

Business cash advances can be a solution to these common cash flow fluctuations. Using these advances to even out the ups and downs can greatly reduce your daily stress and give you the steady cash flow you need to operate effectively. Here are some problems a business cash advance can solve.

1. Equipment breakdowns

When equipment vital to your operation breaks down, you need to repair or replace it right away or risk losing significant income. When you don't have money to pay for the new equipment or repairs up front, a business cash advance can get you up and running again before your momentum loses steam.

2. Employee turnover

When an employee quits, it can wreak havoc on your cost projections. You may need to pay overtime, hire quickly, or both. The costs involved in hiring someone new (paperwork, training, etc.) and paying overtime in the meanwhile can be covered by a business cash advance while you increase productivity to cover the added costs.

Business Cash Advance3. A temporary downturn or slow season

January is historically a slow time for many businesses as customers recover from lots of holiday spending and temporarily tighten their belts. Developing inventory and services that are needed even during slow times can help to ease these ups and downs, but a business cash advance can tide you over in the meantime.

4. Expanding or Adding a location

The costs of expanding or adding a location can be significant: more staff, inventory, equipment, and the building itself present quite a challenge to a business's cash flow situation. Most businesses looking to expand should be making a good profit at their original location, but using a business cash advance to help with expansion costs can ease the inevitable stress that comes with growth. As the second location begins to thrive, the cash advance will be paid back in small daily increments.

Business cash advances are typically repaid in just 3 to 12 months, leaving your business to reap the increased profits made possible by the influx of cash flow. Business cash advances can leave your business stronger than ever before, well-positioned to continue generating profits long after the advance is repaid.

Quikstone Capital Solutions offers business cash advances for many different types of businesses.

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Topics: Funding Your Business, Growing Your Business