You are minding your own business at your convenience store when a lightning storm comes through the area and causes a power surge that takes out your hot dog roller and two freezers. Or maybe you run a gift shop in your tourist-friendly town -- meaning you work the counter yourself most of the time -- when your beloved aunt from out of town has surgery and needs your help recovering. Or maybe a customer trips over a poorly placed display and decides to sue you for her injuries.
0 Comments Click here to read/write comments
0 Comments Click here to read/write comments
There are several options for funding when your business needs a cash infusion. Each of these options has pros and cons. It is important to consider your options carefully before deciding what kind of funding to pursue.
Bank loans usually have favorable interest rates and longer repayment terms. Banks typically keep a tight rein on how you are allowed to spend the money, and may require credit checks and collateral in order to get funds. Banks may seize your assets if you default on the loan.
0 Comments Click here to read/write comments
We recently had a situation involving a merchant who received funding from us at Quikstone Capital Solutions but, had almost simultaneously received funding from another merchant cash advance company. The merchant apparently didn’t realize receiving two merchant cash advances at the same time could create a problem .It did and in a big way. This particular merchant ended up in default with both of us, due to the fact each contract had provisions under which multiple cash advances with different companies created a default. The merchant explained to me the other funding company sold him his merchant cash advance as a “business loan” so he didn’t anticipate a problem. When I questioned the merchant he explained that he hadn’t read either contract.
0 Comments Click here to read/write comments
Retail is a difficult business industry to break into. There are tons of competitors and many stores sadly end up closing their doors. To be successful, retail stores must constantly evolve to make sure that they are keeping up with the needs of their customers. Significant financial investment must be made to keep the store from becoming outdated and to offer the newest merchandise. We understand what it takes to keep your doors open and encourage you to look into alternative funding sources such as Quikstone Capital Solutions. We offer a competitive merchant cash advance which allows you to obtain fast funding in as little as a few business days. Our process is simple and the funds are paid back with your future credit and debit card sales. Get the speedy funding you need and invest into your retail store to increase your profits.
0 Comments Click here to read/write comments
Topics: Funding Your Business, Growing Your Business, Retail, Ecommerce
