As the holiday season approaches, many small businesses are looking for ways to get through the slower months of winter. For those who need extra cash flow quickly, a merchant cash advance (MCA) may be an option worth considering. An MCA is a type of loan that allows businesses to receive advances on their future sales in exchange for a percentage of their credit and debit card receivables. This blog post will discuss how small business owners can use MCAs to take advantage of seasonal sales opportunities and benefit from improved cash flow during the holidays.
Fast Access to Working Capital
One of the major benefits of using an MCA is that it offers businesses access to quick capital. Unlike traditional loans, an MCA doesn’t require you to fill out paperwork or wait weeks for approval. Instead, with most MCAs, you can apply online and receive a decision within 24 hours. This means that business owners don’t have to wait for banks or other traditional lenders to approve their loans before they can use the money.
Another advantage of MCAs is that they are a great way to take advantage of seasonal sales opportunities. While credit cards and other payment methods may go unused during the slow winter months, with an MCA you can receive an advance on your future sales and use it to invest in promotional activities or inventory. This gives you the ability to capitalize on the surge of holiday shoppers and boost your winter profits.
Boost Cash Flow
Finally, MCAs are a great way for businesses to improve their cash flow during the holidays. Since an MCA doesn’t require a lump-sum payment, businesses can use the money they receive and use it to pay vendors, purchase inventory, or hire additional staff. This helps ensure that your business is well-positioned for success during the holiday season.
In conclusion, merchant cash advances are a great option for small business owners who need quick funding during the holidays. Not only do MCAs offer quick access to capital, but they also allow businesses to take advantage of seasonal opportunities and improve their cash flow. If you’re looking for a way to get through the winter months with improved profits, an MCA may be the right solution. MAI Capital offers MCAs up to $200,000 per business location with fast closings. Contact our team today to get the capital you need.