Merchant Cash Advance Holiday Season Ali Habib Mayar
- Merchant Cash Advance 101

Can A Merchant Cash Advance Be Your Company’s Lifesaver This Holiday Season?

A merchant cash advance (MCA) is one way to obtain fast funding for any aspect of your business, especially if you need the capital right away. Unlike traditional loans, MCAs are cash advances on future earnings of the business from sales against credit cards. Merchant cash advances do not require a lengthy approval process and stringent requirements that are present with traditional funding sources. Once approved, the cash is deposited to the merchant’s account, ready for use.

Repayment for merchant cash advances can be structured in two ways: repayment can be done using a slice of future credit and debit card sales in exchange for upfront cash. Another way to repay would be through fixed debits from the borrower’s bank account remitted to the lender. The second option is ideal for businesses that do not have strong credit or debit card sales.

With the holiday season fast approaching, your business may be in need of some fast-funding. Here are ways a merchant cash advance can be your company’s lifesaver this holiday season.

It Can Allow You Funding to Hire More Employees

The holiday season is one of the busiest seasons of the year. Most businesses take advantage of this by going all out on holiday advertising, expanding business operations, extending store hours, and hiring more employees. The holidays are one of the most important times to hire seasonal employees because of increased consumer demand. If you don’t have enough employees, you could be sacrificing customer satisfaction and this will directly affect your profits. A merchant cash advance can give you the money you need to hire temporary employees. This way you can maximize sales revenue by hiring more employees to meet the needs of each customer who comes through your door. (Learn more about hiring seasonal employees in this post from GetMoneyGotMoney.com)

It Can Allow You to Open a Second Location

Expansion of business operations is the next step for most business operations, whether it’s opening a secondary location or expanding the physical location of your store. Waiting for money from the bank can take weeks and even months, and even then, you aren’t sure if your funding is a sure thing. If you feel that your business is ready to expand and the market is ripe, getting the funding when you need it is crucial. This is the reason why merchant cash advances can be a better option than traditional financing options because you can start expansion according to your timeframe. Even if you are not ready for a full-fledged second location, a MCA is still useful for testing the waters by opening up a small kiosk or a seasonal store in your target location.

It Can Allow You to Stock Up on More Inventory

A merchant cash advance is a great option if you want to stock up on more inventory. You may face an unexpected demand for your product or you just want to be ready for a busy season, but you don’t have the money on hand. Having sufficient inventory on hand is crucial if you want to meet expected and unexpected customer demands and increase revenue. A merchant cash advance can meet your funding needs so your inventory is ready to go.

Take advantage of the busy holiday season and the influx of revenue through the use of a merchant cash advance. Don’t let a lack of funding prevent you from reaching your business goals during this busy time.

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