Running an online store can be a cash-intensive endeavour.
With a constant need for inventory, marketing campaigns, and manpower, it’s critical to have a reliable source of funds.
The good news is that a Merchant Cash Advance could be the financial solution your online business needs.
Below, we’ll explore compelling reasons why you should consider this alternative funding method.
1. Flexibility in Repayments
Traditional loans come with a rigid structure, requiring you to pay a fixed sum each month.
With a Merchant Cash Advance, however, the repayments are based on a percentage of your daily sales. This means that during slow sales periods, your repayments are automatically reduced, offering respite to your cash flow.
2. Quick Access to Funds
In contrast to the lengthy process of securing a bank loan, Merchant Cash Advances promise quick approval times. Often, you can access the needed funds within a matter of days, enabling you to jump on time-sensitive opportunities such as discounted inventory purchases.
3. Zero Security
Traditional bank loans may demand security, putting your assets at risk in the event of payment defaults. Merchant Cash Advances, on the other hand, don’t require assets as security, offering a risk-averse way to secure your funding needs.
4. Hassle-Free Application
The application process for a Merchant Cash Advance is usually straightforward.
A simple online form, basic business credentials, and you’re good to go. With The Funding Store, it’s easier than ever.
5. Credit Score-Friendly
Unlike bank loans, Merchant Cash Advances don’t initially necessitate a hard credit check. Note, if you proceed with funding, hard credit checks will be run.
6. Transparent Costs
Last but not least, there are no hidden fees. The terms are clear, enabling you to effectively manage your finances without unexpected surprises.
In Summary
If you’re an online store looking to secure quick, flexible, and straightforward funding, consider a Merchant Cash Advance or explore other options such as Revenue-Based Funding offered by The Funding Store.
It may be the perfect solution to maintain, if not accelerate, the pace of your business operations.
If you’re a small or medium-sized business looking for funding, then why not contact The Funding Store today.
We do not charge broker fees, and with access to one of the most extensive and competitive lending panels in the UK, can bring you fast, flexible solutions that meet your finance needs.
The Funding Store can help guide you through the funding process and find the best funding options that fit your specific needs.
Whether you’re looking to start a new business, expand an existing one, or cover unexpected expenses, The Funding Store can help you achieve your financial goals.
So don’t hesitate, contact us today on 01908 880420, to take the first step towards securing the funding you need to grow and succeed.
Share This Story, Choose Your Platform!
This article has been produced by www.TheFundingStore.co.uk for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.
