How A Merchant Cash Advance Can Help Grow Your Holiday Sales

We think it’s safe to say that the holiday shopping season is now upon us! As a retailer, you’re probably quite busy preparing for all of those extra customers who are bound to visit you in the coming weeks. However, you may also be concerned that COVID-19 may significantly lower the number of shoppers you usually get at this time of year.

In order to achieve success this holiday season, you’ll need to increase traffic to your online store as well as to your brick and mortar location. A solid advertising campaign plus the stocking up of inventory to meet the demands of holiday shoppers is vital. At Synergy Merchants, we know that not every Canadian business owner has the budget to advertise or buy new inventory. This is why we highly recommend our unique merchant cash advance program!

How does our merchant cash advance program work?

As long as your store accepts credit cards and debit cards as methods of payment, you are eligible for a merchant cash advance. The approval process is surprisingly quick and easy! We simply take a look at your past credit card and debit card sales to determine your average monthly sales amount. We are then able to offer you a free, no obligation quote based on that amount.

The quote entails the total amount of the merchant cash advance you are eligible for. It also includes the one-time fee which is the cost of taking the advance. There is no accruing interest rate on the funding you receive. The total amount of what you would owe in return is paid back through a small percentage of your future credit card and debit card sales. There is no monthly minimum payment and there is no time frame to pay back the advance.

How else does a merchant cash advance differ from a loan?

The explanation is practically in its name! A merchant cash advance is money that has been advanced to you as a payment for your future sales. Because of this, there is no credit check involved. There is also no need to put up collateral. What you to do with your advance is entirely up to you. We’re guessing you can come up with a bunch of different ways to put your advance to good use.

Do you have an advertising campaign in mind for the holiday season?

At this time of year, Canadian shoppers are looking for bargains. If your store can offer such savings, it would be wise to get the word out. Why not put your merchant cash advance towards an advertising campaign that can encourage more shoppers to visit your place of business for their holiday shopping?

Do you need to stock up on inventory?

Chances are that, like most retailers, you buy your inventory in bulk. This is usually a more cost-effective option. Generally speaking, the more items you buy, the cheaper the costs are per unit. Because we are beginning the holiday shopping season, you are likely to require more units at this time. Why not use your merchant cash advance to put in a big order of new inventory?

Allow Synergy Merchants to help you make this holiday season your most successful one yet! Call us at 1-877-718-2026 or email us at info@synergymerchants.com to learn all about our unique merchant cash advance program! You can also apply online for a free, no obligation quote!