Last year, I wrote a merchant cash advance blog about how in the neighborhood that I live in there were 2 competing ice cream shops, Dairy Queen and Bilboquet a few doors down from each other. I was very interested in seeing how each of them would do as they also both shut for 4 -5 months of the year. Well, I am pleased to announce that it is now officially summer time as the ice cream shops are open and we have celebrated Victoria Day Weekend.

This is the time of year that businesses who have received merchant funding are now able to benefit from their investments. Summer seasonal businesses such as hotels, restaurants, golf courses, tourist shops, boating expeditions, and clothing stores that used their merchant cash advances to pay for the renovations, advertising, expansion efforts and more are now able to benefit from their increased sales volume. This increased sales volume allows these merchants to pay back their merchant cash advances on a daily basis without impacting the business’ cash flow.

If your peak season is summer time, it is still not too late to consider using your future debit and credit card sales to finance your business. For businesses with peak periods in the fall or winter, start thinking about using merchant funding to plan your business’ growth in advance.

More later in the week…