There are many misconceptions about merchant cash advances and in reality they offer a fast and easy way for small business owners to grow. Learning if and when your small business could benefit from a merchant cash advance can be difficult to determine. Here we’ve compiled some key resources to help you decide if an MCA is right for you. Click on the headings for more information on each topic.
Many small business owners have great plans and visions for their company but fall short due to a lack of capital. That lack of funding can cause your business to become stale and provide your competitors with an opportunity to siphon business from your customer base. Cash flow is the life blood of small business and provides the flexibility necessary to compete with larger competitors. One big advantage that small companies have is the ability to make changes rapidly. That advantage disappears without the necessary funds to make those changes. A merchant cash advance not only provides a much faster and easier way to gather your funding, the repayment process and terms ensure your business won’t become bogged down by debt. Unlike a bank loan, you have the ability to use your cash anyway your deem necessary which will allow you to make the small changes that can take your business to the next level. Here we’ve outlined some necessary improvements to ensure your company thrives well into the future.
Fall means football season, and along with that comes an enormous revenue opportunity for bars and restaurants. According to TV by the numbers, 64% of Americans watch NFL football, a large number that does not include the legions of college football fans around the country. ESPN is in the midst of a study to show how many people are choosing to view games outside of the home. Preliminary numbers show that 10-20% of American viewers watch at bars, restaurants and gyms. With these numbers being so large and continually increasing it’s an important customer base to cater to. Drawing in football fans can actually be quite easy, but there is a cost involved. The payoff for bringing in these customers can be exceptional and will also add to your regular customer base even when the season ends.