The blog welcomes you to your Monday morning this week with another instalment of the Merchant Advance Loans 101 video series, this week featuring VP Marketing, Alex Chisholm.
Seasonality is a topic that this blog has discussed often in the past. Especially in the Canadian business environment, where seasonal changes can create drastic effects on the market viability of small businesses and enforce a dedicated “slow” period based on something as immutable as weather, it’s important to be able to plan, predict and reinforce your cash flow to make the best of the off season as a period for restructuring, replenishing, and preparation for the next “boom” phase of the cycle. This model is exactly why we developed our Merchant Advance products to be flexible, allowing any seasonal business to get the benefit of extra money without having to pay a big up-front monthly cost in the slower sections of your year.
For businesses with a steady, predictable flow of customers throughout the year, business loans are the other side of the funding equation. With rates that work for you all year round, a business loan is the product that will benefit your business’ longer term financial plan. No matter which of these two solutions will work best for your small business, your unique seasonal financial requirements can be solved! Give us a call at 1 (877) 370-8850 to find out more.