2023 is nearly here, and it's time for business owners to start preparing for the new year. The past few years have been difficult for many merchants, and investing more into your business might not be possible with the cash you have on hand. A business cash advance from Boston North Company and Quikstone Capital can give you the money you need to cover your expenses and grow without the hassle and time it takes to obtain a bank loan. Here are six ways you can use a merchant cash advance this holiday season.

Host A Holiday Event

 With customers returning to their favorite shop or restaurant, you'll want to have a special holiday-themed menu, festive décor, and a few fun giveaway items. When it comes to entertainment, you can hire a band, run contests and promotions. Be sure to tie these events to your social media sites to spread the word about these special activities. Events can give a big boost to revenue and create loyal customers.

Create Unique Marketing Promotions

 Marketing initiatives have a quick turnaround and significant ROI (ROI). Use a Merchant Cash Advance (MCA) to run new promotions, create paid advertising campaigns, print flyers, or create special social media campaigns. These examples can benefit your business through this holiday season and into the new year. 

Increase Your Inventory 

 There may be opportunities to increase your inventory at a great price, which can significantly enhance your profit margins. Obtaining the cash to seize these opportunities quickly is one of the major benefits of a business cash advance over a traditional bank loan.

Invest In New Technology

 Investments in technology helped restaurants fuel sales in 2022, despite inflation, staff shortages, and inventory delays. In a recent survey, restaurant owners noted that their top investment plans include mobile ordering, delivery services, technology such as new POS systems, self-service kiosks, and digital signage. Overall, 81% responding to the survey feel optimistic about the future. This optimism and the planned investments lead to the need for capital. 61% of respondents plan to apply for funding within the year.

Upgrade Your Location

 Some key improvements could include new flooring, paint, televisions, a sound system, and even a stage for live entertainment. You'll also want to update your location inside and out. Outdoor heaters can make your patio far more inviting in the winter months.

Since 2005, Quikstone Capital has been a trusted funding partner for thousands of merchants.

If you are ready to invest in any of these suggestions, Quikstone Capital is ready to help. The process is fast and easy. There's a simple one-page application, no collateral is needed, and if a business accepts credit cards, it could qualify for up to $250,000. Merchants can use these funds for most business needs, including new technology and location upgrades. From approval to funding takes just 2-5 business days. Contact us today for a no-cost or obligation qualification.