There are many reasons to get a merchant cash advance. Because our merchant cash advances are so flexible, you can use it for a multitude of reasons. Let’s explore some of the reasons here.
Cash Flow – An important part of running a business is having enough cash flow available to cover the business expenses. It’s also important to have a reserve, or be able to access working capital quickly in the event of an emergency or unexpected expense, such as a past due tax bill, an urgent repair or replacing equipment crucial to operations.
Stock – We often hear from merchants who are offered “one time” deals and discounts from their vendors. These discounts are usually very favorable, but carry a time limit. Merchants can often buy stock cheaper in the off season, and re-sell it later for a much better profit margin. Our merchant cash advance is absolutely perfect for these types of merchants to access cash quickly when opportunities arise.
Additional Locations – When demand is just too high, it’s time to open another location! Many of our merchants advise us that their businesses and restaurants are in such high demand, that they need to open another location. We are more than thrilled to offer a merchant cash advance to help facilitate their growth. It is often advisable that a merchant who is opening another location, have their merchant services setup by us, even if they don’t need a merchant cash advance. This ensures that all of their credit cards process through the same company making it easier to reconcile, and should that new location ever need money, it’s available there as well. PLUS the merchant gets the same great rates on their new merchant account too!
Marketing Campaigns – A marketing campaign whether via internet, paper, or local advertising can be a great way to boost sales, and get a business in the public spotlight. Many of our merchant cash advances are used for marketing campaigns. As an added bonus, Fast Merchant Advance offers complete gift card programs to complement your marketing, drive new sales and increase repeat business.
Upgrades and Repairs – When it comes right down to it. A business has to stay on the forefront of technology, as well as customer comfort and convenience. It’s important to stay current with the times whether it be adding a new POS system, or putting a new flat screen TV in your waiting area. Our business cash advances are a great way to make those necessary changes now, and pay the money back over time, with a very flexible payback schedule. We’ve had merchants come to us to fund them money for renovations, as well as merchants who have had storm damage, or just lost a piece of crucial equipment. Whatever the case may be, our merchant advances are a great tool to use.
There are a wide range of uses for our cash advances. A merchant can use our merchant cash advances for anything they desire. No matter what a merchant chooses however, they can know they are making a smart financial decision with Fast Merchant Advance.
