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to get you the best business loan
United Capital Source has access to numerous business loans to suit the myriad dilemmas of retail stores. Whether you are looking for a short-term investment, long-term investment, or simply a cushion for monthly expenses, we can develop terms that will not obstruct your cash flow even further.
One popular option for retailers is a merchant cash advance, since a great deal of retail customers pay with debit or credit cards. This type of working capital loan is ideal for seasonal businesses because larger payments are only made when sales volume is on the rise. So, if you wanted to order inventory, increase staff or launch a marketing campaign to prepare for a busy period, you could make your investment in the months beforehand despite slower sales.
In the case of short-term investments, a business line of credit might be a better option. Say you want to order more products that are selling unexpectedly well, or make payroll a few weeks before some outstanding receivables come in. Both situations require only a modest amount of funding for a short time frame.
Fix your cash flow, not just revenue
Business lines of credit are therefore more appropriate for buying extra inventory of a few items, whereas a merchant cash advance makes more sense for buying larger quantities. The latter option is also more advantageous for businesses that would benefit from buying inventory as close to the time of sale as possible.
Business lines of credit and merchant cash advances can be used to pay recurring bills as well. But with a merchant cash advance, you should be expecting a substantial increase revenue the following season. With a business line of credit, this rough patch should be on shorter side and the expenses should be (approximately) the same amount month-to-month.
Regardless of which business funding program is recommended for you, the main objective will be to maximize cash flow, not revenue. As any experienced retailer knows, putting all of your focus to maximizing sales will gradually leave you with less and less cash. Apply now to see how much you qualify for!