What A Merchant Cash Advance Can Do For Your Small Business In 2019

Posted by Karen Erdelac on Dec 14, 2018

What A Merchant Cash Advance Can Do For Your Small Business In 2019There are a variety of reasons that a small business would seek out additional funding.  Sometimes it will be to dig yourself out of a hole and other times it will be aimed towards growing your business.  In any case, a merchant cash advance offers a fast an easy option to get the cash you need.  Here we discuss several ways a merchant cash advance can benefit your business in the coming year.

Cash Flow

Many small business owners will readily admit that cash flow is 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. The ability to seize opportunities as they present themselves can make all the difference.  A merchant cash advance can provide the cash flow flexibility your business needs to thrive.

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. 

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. Work stoppages due to faulty equipment can spell disaster for small businesses.  Equipment purchases are a great use of a merchant cash advance and can keep your infrastructure fully operational.

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.  While keeping the lights on is not necessarily the best use of a merchant cash advance, it’s good to know there is an option if and when the need arises.

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 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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Topics: Merchant Cash Advance