online cash advance
Using a Merchant Online cash advance For Repairs
Besides being unsecured, having minimal requirements and offering fast approval and funding times, one of the best benefits of the merchant online cash advance is the fact that providers allow merchants to use their advances however they choose.
These days, many merchants are using their merchant online cash advances to finance repairs. When you run a business and a piece of important equipment breaks down, something has to be done. But during the current recession, merchants have become more money conscious, looking to cut costs wherever possible. Often, repairing equipment can be much cheaper than, and just as suitable as buying brand new equipment.
Applying for a merchant online cash advance may be one of the best things to do when equipment breaks down. You can get up to $500,000 in unsecured business funds and after being approved in 48 hours, your provider can wire the funds into your account in seven to 10 business days, sometimes even as little as five business days.
As people are leaning more towards repairs, rather than making new purchases, merchants who own small businesses specializing in repairs may even want to use their merchant online cash advances to increase advertising.
In Business Week, Brian Burnsed writes about a car dealership/auto repair business that "worried that the stalling economy would send their new car sales screeching to a halt."
"...the company turned to a Pepperdine University program in which MBA students offer consulting advice over the course of a semester. Their recommendation? Try to make up for the drop in new car sales with a greater focus on the repair shop," writes Burnsed.
As mentioned above, there are no restrictions on how a merchant online cash advance can be used, so whether you need funds to repair equipment, to increase advertising, or for any other business purposes, you can use the merchant online cash advance to do it.
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