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High-end Retail Stores Can Benefit From a Business Cash Advance

By: David Castro

As consumers become more aware of their spending habits and cut back wherever they can, high-end retailers are feeling the pinch. The tough economic times are causing more consumers to shop at discount stores in order to get more bang for their buck. Stores like Wal-Mart and 99 Cent Only Stores flourish while other higher-end stores see a decrease in sales.

Michael Ball had been experiencing success with his brand, Rock and Republic, which features designer jeans for $300 a pair. As consumer spending "slows to a trickle," "Sales during the first half of 2008 were up 14% but have fallen flat in the second half," said Ball in a Business Week article. In the midst of the downturn, Ball has had to re-price his jeans, and is no longer selling jeans over $280 dollars.

Price reduction is one way to deal with a decrease in consumer spending, but there is also another option; the business cash advance. Business cash advances make it possible for a business owner to have some extra cash to put toward his/her business.

A business owner can choose to use this cash to re-market his/her business, renovate a store, or even open another location in an area that would bring in more shoppers. The beauty of it all is most lenders have no restrictions on how a business cash advance can be used.

Business cash advances are a suitable form of business financing for business owners who have owned their businesses for at least four months and process at least $5,000 in credit card sales each month. Business owners who are interested in receiving a business cash advance are not required to have excellent credit scores. Unlike the banks, business cash advance lenders focus more on the business's credit card sales history than the borrower's credit score.

Business cash advance repayment is also rather unique. Instead of making fixed monthly payments, business cash advance payments are automatically deducted from the business's credit card sales. It usually takes about six to eight months for a business cash advance to be completely repaid. And once a borrower's business cash advance is repaid, most lenders will give that borrower an opportunity to renew his/her account. In fact, many lenders will allow a borrower to renew his/her business cash advance once 60 percent of the business cash advance has been repaid, and the money can usually be funded in 24 hours.

High-end retailers who may be affected by the downturn now have another option. A business cash advance may be the answer to their questions.

About the author:
David Castro often writes articles about Business Cash Advances for Merchant Resources International - To Learn more Visit Us at www.businesscashadvanceloan.com

More Finance information like David Castro's at Credit-Voitures.com

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