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Nowadays, being an expert at cosmetics is basically meaningless if you aren’t an expert at marketing as well. Small cosmetics stores must market themselves and their products but ongoing campaigns can be very expensive, and typically do not impact revenue for several months. United Capital Source offers numerous small business loans tailored for long-term investments of this nature.
Maybe you want to hire a full-time, in-house team. Maybe it’d be more cost-effective to outsource a private digital marketing company. You might just need more time and money to handle the advertising yourself, rather than concentrating solely on sales so you can pay regular business expenses. A highly-sensible business funding program for cosmetics is a Merchant Cash Advance because they typically perform a large volume of debit and credit card transactions.
With a merchant cash advance, you only make significant payments when sales volume is on the rise. Making smaller payments up until this point does not increase the amount you owe. This makes a merchant cash advance particularly advantageous for marketing campaigns because you wouldn’t have to foot the majority of the repayment until the campaign is actually increasing revenue.
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Merchant cash advances (a.k.a. “credit card factoring”) are also widely used to expand inventory and keep shelves stocked with popular products. Tight cash flow is not a mandatory requirement for approval, which can therefore be granted at almost any time.
Retail-based clients of UCS have also used business lines of credit to purchase extra inventory when products are selling at an unexpectedly high rate. Business lines of credit are most affordable for short-term investments that will create their own revenue stream shortly after funds are spent.
Since many cosmetics stores are owned by women, we offer special small business loans for women. For reasons beyond their control, female business owners tend to have limited working capital and less than stellar credit. These may be deal breakers for banks but at UCS, they do not have to stop women from accessing the same borrowing amounts and repayment terms as men. Apply now to see how much you qualify for!