subject: Revamp Your Beauty Salon And Spa Business With The Business Cash Advances [print this page] The working capital maintenance is very essential for any organization. Either it is for day to day cash requirements or for meeting emergency contingencies. Since the beauty salon and spa business is a service based industry, majority of the banks and other lenders step back to provide loan for the business. The non availability of funds can lead to huge problems for your business also.
The bank and money lenders apprehend to provide loan because of risk involved. The personal guarantee and business collateral requirement is also high. The beauty and salon business requires constant up gradation of equipments and renovations, to adjust with the changing requirements. Business loan is a time taking and tiring procedure because of which many merchants could not fulfill their emergency requirement. The benefits of business cash advances over and above business loans can be understood from under mentioned points:
Poor credit score is accepted in business cash advances
No personal liability
Zero application or start up cost
Less hassle and quality customer services
High approval rate of 95%
Cash advances up to $250000 within 7 days
No requirement of security collateral and business loans
No Financial or tax return
No closing fees, application and start up fees required.
No hidden charges deduction
No fixed repayment amount or schedule
Approval within 24 hours and funds received within 72 hours to 7 days
There is no requirement of personal guarantee or security collateral in business cash advances. There is no fixed repayment amount or time. The business loans require lots of paperwork and include lots of hassles. With the help of business cash advance, an advance up to $250000 can be availed as per the business needs. There is no application or start up and closing fees for the merchants. In the business loans, huge deductions are made form the account of merchant as hidden charges, a huge expenses are suffered due to application cost, start up cost and closing fees. There is no such requirement in business cash advances. The funds received with 72 hours to 7 days can be spent on the as per the business requirement. The beauty salon and spa can help their business with investment in the following fields:
Purchase new and upgraded equipment matching with the changing trends of the beauty and spa industry.
The costly technologies can implemented with the room for innovation in the process with their own fund.
Various emergencies and helping the cash flow for salaries and marinating a proper process of regular cash flow of business
Discount and offers can be availed if the supplies are purchased in bulk
For availing cash advances the eligibilities are:
The business should be operational within the US
The business must accept debit and credit card as mode of payments
The monthly Visa/ MasterCard sale must be above $5000.
The business cash advances have opened new avenues and help the merchants in fulfilling their entrepreneur dream of the merchants.
