3 Reasons To Get A Merchant Cash Advance Before The New Year

Canadian business owners are currently experiencing their busiest month of the year. You don’t necessarily have to work in retail in order for December to be a hectic one. Since it’s the last month of the year, most entrepreneurs are scrambling to ensure that their end-of-year numbers meet or exceed their expectations for 2019.

As busy as you may be, it’s still important to consider the ways in which you plan on growing your business in 2020. That’s why December may be the ideal time for you to get your hands on a merchant cash advance. Unlike with bank loans, the application process is incredibly quick and easy. With the program offered by Synergy Merchants, you can get the cash you need within 24 hours!

There are endless ideas for what you can do with the funding you receive. Here are three reasons to get a merchant cash advance before the new year:

1. Advertise to grow brand loyalty.

One of the most obvious things you can do with your merchant cash advance is invest in a new marketing campaign. With so much competition out there, it’s wise to advertise your brand in a way that helps it to stand out from the rest. The more you work to get your company noticed, the better your chances will be of developing and growing brand loyalty. Consumers tend to pay attention to brands that appear on billboards, the sides of buses and on TV.

“The depiction of a product in an advertisement conveys images, ideals and a personality that matches the targeted demographic’s,” explains Catherine Capozzi on Chron.com, “For example, an advertisement for an Italian-style scooter might show a young 20-something enjoying a coffee on the streets of Italy. This depiction may resonate with young women, compelling them to connect (and ideally, purchase) this product.”

2. Renovate your store to increase sales.

It will soon be a new year. Is it time to give your store a new look? Perhaps, you should make 2020 the year when your place of business experiences a branding overhaul. The new image will go a long way in exciting previous customers and intriguing others to become new customers.

According to WoodlandShopfitting.com, “by investing time and money in a renovation you will project a message that you have faith in the longevity of your business so customers will feel more confident to shop in your store.”

3. Open a new location to expand your reach.

If you’re of the mind that opening a new location will bring greater attention to your brand – you’re right! Not only will a new store allow you to offer your products to an entirely new set of customers, the hype surrounding its grand opening is bound to generate some always-welcome excitement about your brand. In a separate Chron.com article, Solomon Poretsky recalls the hype surrounding donut shop, Krispy Kreme when it opened its first location in Sacramento.

“Waits exceeded three hours on the store’s opening weekend, and just about every news team in town showed up to film stories,” he details, “This media attention can help you to increase sales when you first open, making your first 12 to 18 months easier.”

For more information about our unique merchant cash advance program, please don’t hesitate to call Synergy Merchants at 1-877-718-2026 or email us at info@synergymerchants.com. You can also apply online for a free, no obligation quote!