Salon & SpaEntrepreneur magazine discusses the business operational problems plaguing salons and day spa owners in article published September 9, 2014 entitled “Why Hair Salons and Day Spas Fail.” Of these problems, “failure to anticipate cash flow adequately” is a significant factor in business success or failure. Knight Capital Funding understands that cash flow is one of the many hurdles to doing business in the 21st century.
What if you could use the future sales your business has yet to make to fund the business development you want now? Knight Capital Funding can offer you a smart solution through a Merchant Cash Advance (MCA).
What’s a Cash Advance All About?Unlike a loan, where you’re borrowing money against your assets or collateral, a cash advance provides you cash, now, in exchange for a portion of your business’s future receivables.
Do you currently process credit cards transactions at your salon or day spa? Knight Capital Funding can show you how to turn those sales into financial leverage with an MCA.
How Easy Is It to Get a Cash Advance?Traditional lenders can send you scrambling to collect personal credit documents and assemble credit references before they’ll meet with you. Knight Capital Funding understands how valuable time is to you and your business, and we make our cash advance decisions based on the following factors:
- Longevity of business (six month minimum).
- Receipt of at least $10,000 in revenue per month.
- Your business’s growth potential.