Can a Merchant Loan Help My Retail Store This Holiday Season?


Maybe you've heard the predictions from various market research groups that this year would produce one of the weakest Decembers since 1991. Maybe you've read in the newspapers that this year, consumers will be spending less due to factors of the economy including, the current credit crisis, the fact that one out of every 452 homes in the United States received a foreclosure notice in October (up 25 percent from last year) and the U.S. unemployment rate has reached 6.5 percent, the highest since 1994.

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But if you are the owner of a retail store, you've probably also heard, read, and/or experienced the shopping frenzy that occurred over the weekend with the arrival of Black Friday, the biggest shopping day of the year. Sources say, U.S. spending for Friday reached an estimated $41 billion dollars, with 172 million shoppers visiting stores and websites and an average of $372.57 spent per shopper. The amount spent this Black Friday increased over 7 percent from last year.

As a small business owner, you may feel confused, not wanting to purchase extra inventory due to the fear of being left with an overstock of items that you can not sell; yet still not wanting to pass on inventory purchases, due to a fear of running out of a supply when the demand for products is high.

Whatever your decision may be, getting a merchant loan may be one of the best decisions that a retail business owner can make this holiday season. Merchant loans make easy-to-attain cash a possibility for retail business owners through an alternative method of business financing.

Merchants can sell their future credit card receivables and receive cash upfront when they choose to take advantage of merchant loans. That means, as consumers make their holiday purchases using debit/credit cards, a merchant's merchant loan is automatically repaid.

Eligible merchant loan borrowers will have owned their businesses for at least four months, and process a minimum of $5,000 in monthly credit card sales. Merchants will usually be required to submit the last four months of their businesses' credit card statements (12 months if the business is seasonal).

Regardless of what is to come during this holiday season, merchants should be prepared and they can get prepared with a merchant loan. Should holiday sales rise and merchants need to supply holiday shoppers with more inventory than expected, a merchant loan can provide the funds needed to make these extra inventory purchases. Should sales be slow and merchants not meet the quotas they'd hoped for and expected, a merchant loan can carry them into the New Year until sales pick up and supplement what was lost during the holiday shopping season.

Merchant loans are fast, convenient and merchant friendly. Your customers are always benefiting from the products and supplies that you offer in your store, purchasing gifts for friends, family, co-workers and sometimes their selves. Switch things up a little bit this year and get your business a holiday gift; the merchant loan.


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