Business funding can be used for many things: to hire employees, to stock supplies, to get out of debt. While some think of these funds as the last resort for merchants, they can help with daily activities. You do not have to be in debt or dire straits to request a merchant cash advance from your merchant account processor. Below are some of the many ways that you can implement these funds into your everyday business.
Advertising: Advertising can become expensive – and fast. While one newspaper ad may cost $100 or so, what happens if you want it to run more than one day? Or, what about web banners and ads that cost per click or per day. These items can add up, and business funding can help you afford them.
Seasonal Employees: With the holiday season fast approaching, it will soon be time to interview and hire seasonal employees. If you are breaking even and can barely pay your current staff, business funding can allow you the extra leeway to add holiday staff.
New Shelving: Eventually your set up gets tiring. The same products in the same place becomes a bore. A quick and simple way to liven up a business is not new products, but new shelfing. This can give a face list to a store, and even if your products are the same, an appearance of newness can help excite customers.
A New Building: If new shelfing is not cutting it and you have outgrown your shop, or your rent has jumped, or you just need to move, business funding can provide you the cash to do so. Be sure when requesting cash that you calculate all of the moving fees, from U-Haul rental, fire code inspection pricing, address changing costs with your county or city (if applicable), and the cost to change utilities.
Extra cash via business funding always good, but for business it can be something that you wait to request until you are in debt. Business funding can help you with your everyday business expenses, so be sure to contact your merchant account provider when you are ready for extra funds.