As the saying goes, “it takes money to make money”. For small businesses that don't have the necessary cash flow, a merchant cash advance can provide working capital that can be used to make more money in a number of different ways.

Equipment Upgrades

Is there a piece of equipment that could help your business make a lot more money in the same or less time? Maybe your craft brewery needs a larger capacity brewing system, or your custom sewing business needs an embroidery machine. A merchant cash advance can give you the upfront money to get the equipment you need, all without the credit check that other types of financing might require.

Acquiring/Purchasing A New Business

As your business grows, you may come across an opportunity to acquire another business, which would add to your customer base. Not too many businesses have money just laying around to buy another business, which usually costs tens of thousands of dollars (at least). Merchant cash advances are perfect for this type of purchase, which can begin to make money immediately upon takeover.

Going Green

Going green has become one of the biggest trends in small business for several reasons.  For one, many consumers are becoming more environmentally aware and consciously seeking out green businesses.  Another benefit is using energy efficient equipment and recycled materials can save money.  When it comes to competition, going green can be easier for small businesses versus their larger counterparts.  This creates an opportunity to separate yourself and take advantage of niche markets that big business can’t reach.

Outsource Marketing

Sure, there are free and cheap ways to market your business. Some of them can even be effective, but they usually take a large chunk of your time. Time spent marketing is time you can't be working on the other aspects of your business. If marketing isn't an area you enjoy or feel effective in, hiring a marketing company to take over this aspect of your business is well worth the cost.

Online Presence

Hiring a professional to create a quality website for your business can cost several thousand dollars, but creating your own website will probably take you at least 100 hours, and even then, it may not look professional enough to attract new customers. 85% of consumers now use the internet to find local businesses, so having a website that attracts customers instead of detracting from your image is a must.

Expanding Inventory

It's not a slam dunk that you will make more money by expanding your inventory, but it's something worth trying at least on a small scale to see if it works. One of the biggest expenses that small businesses generally have is purchasing inventory.  Without the cash flow to buy in bulk these expenses can be much higher than they should be.  This could include purchasing seasonal items or things that are for everyday use.  The potential savings from buying large quantities can far outweigh the payback costs of a merchant cash advance.  If this is the case and you have the storage space to house additional inventory it represents a great investment opportunity.  You need inventory in order to stay open, so if you are able to cut those costs it can significantly impact your bottom line.  It also ensures you will not run out of crucial items during busy times.

In many cases small business owners lack the credit or collateral to access the money needed to remain flexible.  Quikstone Capital Solutions provides cash for businesses.  A merchant cash advance from Quikstone Capital Solutions is a business loan alternative that can help your business thrive and prosper, whether you need cash to buy equipment, cash to renovate or expand, cash to purchase inventory, cash to advertise or cash for emergencies. Quikstone Capital Solutions can help provide you with the business capital you need. Contact us for a consultation today or simply click below.