There are many upgrades that can better your business. From new signage to new displays, to even new employees, the possibilities and options are endless. However, if you are an online merchant the possibilities are a little limited. Of course, you can update your website, but other than that, few online merchants know of ways to upgrade their business. One of the best, and most underrated, methods involves inventory software.
Inventory software is useful for both brick and mortar and online businesses. It can help you keep track of your inventory, as well as keep track of what has been sold, and what has been shipped. Certain software can even show you what has been returned. You can easily keep track of when you entered an item into the database, so you can keep track of which inventory moves quickly, and which does not. This can help you save money, as keeping around inventory that doesn’t sell costs you money.
While this software is a must-have for every business, big and small, it can be costly. Many times, we forgo upgrades due to money woes. This is something that should not happen, as these upgrades can drastically improve our businesses. While we may think of getting a bank loan, it can be tricky even for a successful business. Banks are tightening their reigns when it comes to doling out loans. These loans are also hard to pay back, as your payments begin almost immediately. Instead of forgoing inventory software, you need to check into an ACH business loan.
An ACH business loan is not a traditional loan. ACH or Automated Clearing House, refers to the lenders ability to withdraw an agreed upon amount directly from your checking account at agreed upon intervals. Because an ACH lender will be able to pull your payment directly from your checking account, it reduces risk to the lender making it possible for small business owners with a healthy checking account but less-than-perfect credit to get a loan. The tricky thing is that there are very few ACH lenders, and even fewer who are equipped to deal with “high risk” businesses. Be sure to do your research before settling on an ACH lender, as all are not created equally.