The holidays are just around the corner and consumers seem to start their shopping earlier each year, so what plan do you have in place to tackle the holiday rush? Do you have the funds to survive the rush? Here are 3 BIG ways a loan can help you be more profitable than ever this holiday season:
It takes money to make money. If you don't have sufficient inventory to last through the holiday rush, then you risk missing out on thousands in revenue. Take time to do an inventory review and account for what you'll need the most of. Then, consider getting a loan to help you supply your business with the necessary inventory so you are fully stocked and ready to go.
Did you know that 20% of annual retail sales are generated during the holiday rush?! If 20% of your potential annual sales all occur within 4-6 weeks, you certainly don't want to be unprepared. Stores get busy. VERY busy. If you don't have enough staff on hand, it will force your customers to wait in very long lines. Some won't even enter your store if they see too long of a line.
Don’t be afraid to look into hiring a few extra hands during the busy season, seasonal staffing is nothing new and there are always plenty of people willing to take seasonal jobs. If you don't have enough funds to hire seasonal staff, this is another way a loan can really help you prepare for the holiday rush that is about to begin.
Do you have any current processes that are slower than you'd like? Is there a piece of equipment that will speed it up significantly? An equipment loan may be exactly what you need to get through the holiday rush successfully. Maybe you want to upgrade your point-of-sale system to reduce the line wait. Or perhaps that new espresso machine is exactly what you need to ramp up your coffee shop. If you know upgrading or adding equipment will help you boost those sales, the time is now to obtain capital.
Why LVRG? Simple! Funding Offers Often 5X Other Lenders, No Credit Restrictions, Lower Rates, Longer Terms & Faster Funding. $15,000 to $2,000,000 in 24 Hours.
Small Business Funding Options:
Small Business Loans - Get up to $2 Million to grow your business in as little as 24 hours. From purchasing inventory and equipment to remodeling and advertising, small businesses need capital for many reasons. Our small business loans may be used for any business expense, even if you just need an influx of capital to boost your cash flow. We offer both fixed and flexible repayment options, customizing your funding to meet your business's cash flow model.
Revenue Based Financing - Instead of a business being required to pay fixed interest payments like a typical bank loan, a revenue based loan is paid with a percentage of revenues. With loan amounts up to $2 Million dollars and funding in as little as 24 hours, it helps you grow your business and it does not saddle you down with long-term, highly encumbering debt.
Cash Flow Loans - Type of debt financing, generally for working capital, using the expected cash flows that a borrowing company generates as collateral for the loan. You’re essentially borrowing from cash that you expect to receive in the future by giving the lender the rights to a predetermined amount of these receivables. Get up to $2 Million in as little as 24 hours, regardless of credit!
Working Capital Loans - At any stage of growth, fast, flexible funding is essential to the continued success of your small business. Our working capital loans feature 6 to 17 month terms and fixed payment options to accommodate your specific needs, so you can focus on what you do best, running and building your small business.
Business Expansion Loans - Designed for prime businesses with better risk profiles, our business expansion loan is an extended-term loan with rates ranging from 9.99% - 36%, terms of 18 to 24 months, multiple payment options, and loan sizes up to $250,000. It’s large-scale growth capital if you're looking to invest in bigger projects, with the same speed and simplicity LVRG is known for.
Business Cash Advance - If your business needs cash quickly and has a readily ascertainable history of credit card receipts, or a constant flow of cash deposits, a business cash advance may provide the funding you require. A business cash advance can provide small business owners with an upfront fixed amount of cash in as little as 24 hours. Business cash advance is a great option for small business owners who may not have strong credit but have lots of credit card activity, or cash deposits and need financing quickly.