With spring around the corner, business owners in Alberta are looking at ways that they can get their businesses prepared for the warmer months ahead. Even if your business is not one that is subject to seasonal change, the transition of seasons is a great excuse to make any changes that you may have been considering for your establishment. Most small business owners have a few ideas in mind as to how to enhance the look and feel of their business, to get more new and repeat business, and so on.
The biggest problem facing the small business owner in this respect is the lack of access to liquid capital. All improvements and changes require money and this is something that most small business owners don’t have ready access to. This is why, despite having so many ideas and dreams about the future of one’s business, we often let those dreams pass by. Traditional lending options lend at high interest rates with restrictions that leave small business owners paying off a debt for years on end, not a particularly attractive option for most.
This doesn’t mean there aren’t any options though. Lenders like Canadian Merchant Cash Advance give small business owners in Alberta access to the cash they need at terms they can afford. This allows business owners to make those changes they have so long desired and see their businesses grow and thrive.
At CMCA, you get access to the cash you need without a ton of hoops to jump through. The application process is simple and many can be approved in as little as 24-hours, meaning there isn’t a long wait between the application process and approval as there is with traditional lending institutions. The repayment terms are simple and fair and take a lot of the headache and guesswork out of the process.
With a merchant cash advance (MCA), you repay the advance in what is called point of sale repayment. What this means is that a portion of every sale you make will be automatically deducted and used to repay the advance. This means that you don’t have to remember to make a payment every month and you pay it back in small bites as your revenue comes in. This is a much more attractive option to many small business owners. It allows their repayment to coincide with their sales.
Benefits of a cash advance over a traditional loan include:
- Fast, easy approval
- No restrictions on use
- Point of sale repayment
With a MCA, small business owners in Alberta can get access to the cash they need to see their businesses grow and thrive. For small business owners in Alberta, and MCA from CMCA is a great way to undertake any revamps, changes, expansions, etc., that you may have been putting off due to lack of liquid capital.