For many small business owners and in many situations a bank loan is simply not the answer.  Being able to access cash quickly without restrictions on how you can spend the money can make the difference in whether your small business thrives or is forced to close the doors.  Here are just a few ways you can use a merchant cash advance.

Increase Cash Flow

Over 42 percent of small businesses claim cash flow as one of their biggest needs. Having money on hand that can be used to benefit and grow your business is extremely important in building and maintaining a successful company.  This can help you to seize inventory opportunities and give you the peace of mind that you can make moves to improve your business when you see fit.  A merchant cash advance can provide the cash flow flexibility your business needs to thrive.

Handle Unexpected Expenses

Every company will experience unexpected expenses at some point. These expenses don’t allow for the time it takes to apply for and receive a bank loan. With a simple application process and a quick turnaround, a merchant cash advance is the perfect fit when you need fast cash in a pinch.  Avoiding costly downtime and keeping your business operating efficiently is essential to the longevity of your small business.

Fill Staffing Needs

The recruiting and hiring process can be a lengthy and expensive venture. Sometimes you may need to hire more employees to increase business, which may mean you don’t have the up-front capital to cover it. Ensuring that you have the necessary funds to make quality, well thought out hires can make or break your business. A merchant cash advance can be used as a means to build a productive team.

Renovate And Expand

There comes a time in the life of any business where improvements are required. Renovating your current establishment or even expanding to a second location can be instrumental in the growth of your company. The money needed to make these types of improvements can be significant, however, without them your business could suffer. Consider a merchant cash advance to help your business expand and flourish.

Upgrade Equipment

Updating equipment can improve the quality of your products as well as save you money if you choose to switch to energy efficient models. Equipment purchases are a great use of a merchant cash advance and can keep your infrastructure fully operational.  This can also be used to purchase items such as televisions, sound systems and other things that add entertainment value to your establishment.

Pay Bills

Every business will have a down month or year. If you’re in need of fast money to make payroll or to purchase inventory, a merchant cash advance can provide the money your company needs to ensure business doesn’t skip a beat.  Obviously, keeping the lights on is a priority in business and can sometimes be a challenge for those just getting started.

Marketing Campaigns

If business has been slow or you’re just trying to expand your reach, it may be time to invest in a marketing campaign. Chances are you’re not an expert on these topics, and hiring a marketing agency can come at a significant cost. The return on investment for these campaigns can far outweigh the costs involved. If you don’t have the cash on hand to get the word out about your business or special promotions, a merchant cash advance could be just what you need.

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