Truth be told, just about any small business can benefit from the use of a merchant cash advance. With no strict guidelines to pigeon hole you, you’re able to use these advances as you deem fit. While Quikstone Capital Solutions will work with any small business owner, we have a great reputation and experience with several industries. There are many success stories that span across all of these different businesses and many different ways owners decided to distribute their funding. Here we will detail some of the key industries Quikstone Capital Solutions specializes in and the different ways our customers have used their merchant cash advance for growth opportunities.
1. Restaurant
One way a restaurateur can use an advance is to open a second location. If business is booming in your restaurant, opening a second establishment could more than double your business with more seats to fill. Another major investment being made frequently is to update cooking and storage equipment to newer, more energy efficient models. This helps to save money and can help to establish you as green business, which open you up to droves of new customers who are environmentally conscience. A merchant cash advance can allow you to capitalize quickly on trends such as incorporating a food truck. This can literally expand the reach of your restaurant and provide promotion for your brick and mortar establishment. The restaurant industry can be a very volatile business with ups and downs, season to season and year to year. With the security of a merchant cash advance, you can ensure bills are paid on time in the event of hardship.
2. Pool Service
Many pool service companies act as a very small crew, with each employee holding several responsibilities and even with owners providing some of the labor. This can make it tough for them to expand. A merchant cash advance can be used to on-board new employees, providing you with the flexibility to take on more jobs. This can help to expand your territory and greatly effect the bottom line. Marketing tends to be a tough initiative for these businesses as well. Utilizing an advance to hire on a digital marketing agency can help to improve brand awareness and drive sales. With small operations, it can be tough to delegate this type of work to current employees and the upfront cost of outsourcing can be too great, even if there stands to be a significant return on investment.
3. Auto Repair
The auto repair industry is highly competitive, with shops large and small competing for business. Being able to separate yourself from others in your market is key to survival. Special promotions are a great way to drive business and satisfy customers. Whether it be discounts on certain services or a large give away, these promotions tend to leave a positive impression on customers. Auto repair shops have gone as far as giving away cars, which can be at a significant cost. If your company would like to try this type of promotion, but doesn’t have the necessary capital, a merchant cash advance could be right for you.
4. Salon
The salon industry is all about convenience and luxury. As an owner, it’s important that you make things as easy and comfortable for your clients as possible. The digital age is sweeping through this industry. Keeping up with the times is imperative towards remaining competitive. Creating apps that allow customers to set appointments and providing tablets where customers can fill out a checklist menu of services not only provides convenience, but builds awareness of everything you have to offer. Developing and providing these can be costly, but necessary to drive and maintain business.
5. Specialty Retail
Specialty retail spans many different markets including clothing stores, produce stands, high end green markets and many more. The interior of your establishment helps to set the tone for your product and, if designed correctly, creates a comfortable atmosphere where customers enjoy browsing and purchasing. Making sure your interior design fits your customer base goes a long way towards building lasting customer relationships. If your interior is outdated or in disrepair, it can negatively impact your business. A merchant cash advance is a great way to secure the funding to make these updates.
How it Works
Unlike many other business funding sources, MCAs are not loans. Quikstone Capital Solutions provides cash for businesses by leveraging an asset that you already have - your monthly Visa and MasterCard sales. Payments are small deductions from future daily Visa and MasterCard sales, no invoices to read or track; no checks to write or mail. There is no application fee and a simple approval process, typically within 48 hours. Quikstone Capital Solutions has a strong reputation in the funding industry and can help your small business grow and improve.
