Certain times in the life of a business are better suited to getting a merchant cash advance than others. Positioning the business to take advantage of the timing of a cash advance can help generate the income needed to repay the advance and ultimately move the business forward.

Here are some of the best times for a merchant cash advance.

Before sales are naturally high

Most businesses have cycles when sales are naturally higher or lower, like before Christmas or back-to-school time. At these times, merchant cash advances can help with hiring extra help, advertising to attract the most customers possible, and stocking up on additional needed inventory.

Because cash advances get paid back within a few months to a year, the additional sales of this time period will help meet these obligations, and business growth during this time of increased sales can even last beyond the holidays and into the next business cycle, leading to long term growth for the business.

To take advantage of an expansion opportunity

Periodically, businesses will have opportunities to expand to additional locations or to purchase another business and fold it into their existing operation. Typically, expansions will require a large cash outlay in order to set up a new location or buy an existing business, but these moves will result in increased sales that will ultimately benefit the business.

As the business starts to grow

Growing businesses often have growing costs that must be covered for the growth to continue. Staff may need to be hired to handle more customers and sales, and costs are also associated with a larger retail and/or office space, more accounting help to track everything, and more inventory to keep on hand. Merchant cash advances provide the working capital needed to keep the growth going and maximize the potential of the business.

To weather a downturn

If all indications are that a business downturn is temporary, using a cash advance can help the business keep going until things turn back around. This must be done carefully, since cash advances must be repaid along with fees, which can be difficult when recovering from a downturn. However, a merchant cash advance can be a valuable way to keep the business from failing because of a temporary situation and can get things going in the right direction again.

Advantages of Merchant Cash Advances

For small businesses, merchant cash advances can be ideal for several reasons.

• No credit check or impact on credit.If your credit is less than perfect, you can still get a cash advance, since qualification is based on recent business receipts.
• Fast disbursement of funds.Once the application process is completed, funds can be available in as little as a few days.
• Simple application.You can apply on the Quikstone Capital Solutions website in just a few minutes, no complicated, time consuming information needed.