Merchant Accounts and Cash Advances to Grow Your Business

Advertising is the driving force, and that’s what’s going to separate the men from the boys in this market, to say the least.

There is less business out there.  You better be ready to put your gloves on and fight for it.

A seasonal business can be a great thing:

Merchant Account Case Study: The merchant was actually doing $10,000 a month the month I got him to write the check and fund this merchant.  I said, “Listen, I came across a guy who owns a nursery.  The nursery was about $100,000 to $200,000 a month from the months May through October.”

He says, “It’s January, and the guy did $10.53 last month, Bob.  I can’t exactly write him a check and not collect anything back over the next 3 months.”  I said, “Well, let’s do the numbers and let’s figure his out.”

I asked the merchant, I said, “What are you going to do with the money?”  He says, “Well, I’m going to go buy some inventory.”

I go, “How much of a break are you going to get on the inventory?”  He said, “I’m going to save 5% to 10%.”

I said, “If you borrow money at 35% to save 5% to 10%, you’re going to go out of business pretty quickly.”  I sent him on a hunt.  I said, “Why don’t you go to the guy who sells you your trees or your plants and see what you can do?  Because I’m sure he’s not making a ton of money right now and he’s as seasonal as you.”

He made a few calls and he got back to me the very next day.  He says, “The guy that sells me my mulch, Bob, says he’ll give it to me for 40¢ on the dollar.  I buy about $100,000 of mulch every April and then I do it again in July.”

I said, “If I give you $50,000 you’ll go buy that mulch for $45,000,” which he did.  He paid me for the $45,0000, $65,000 total.  Guess what?  By May 31^st, he’s sold his $100,000 worth of mulch and made himself an additional $35,000 that was locked in, in profit, for the year.

That’s a heck of a way to start out the beginning of your year.  That’s a merchant that I’m going to fund, and that’s the difference between myself and the bank.  I’m not looking at their cash flow; I’m not looking at their ability to pay today necessarily.  I’m looking at the ability to make a difference in the business.

I’m sure that if there’s anybody out there with the ability to make an additional $35,000 to $40,000 over a simple purchase just having cash available to them, it’s more than worthwhile to do it.

Renovating and remodeling is one of the biggest things out there.  To give you an example, you’d be very surprised how a small shift, a change in a sign, even in your own town, will draw the eye of everybody who passes.

Any type of a renovation is going to get people to talk about your business.  It’s going to get people to go back in there.

You may have a good restaurant, you may have a good theme.  You know what?  That little bit of a change is like starting a brand new company

To redo the front of most retail businesses, can cost between $5,000 and $15,000.  Just doing that will increase the foot traffic anywhere from 11% to 20%.

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Scott Letourneau is the CEO of Fast Business Credit Inc and Nevada Corporate Planners, and has helped thousands of businesses get access to merchant accounts! Click the merchant account link for powerful details!