The Fourth Quarter holiday season is finally upon us! Starting in October you'll begin to hear the seasonal songs in every mall across America. If you are an Agent or Reseller of Merchant Cash Advance now is the time to boost your marketing and target retailers and other merchants that benefit from the Holidays.Banks still have their coffers shut to small business according to the Wall Street Journal and business are curtailing on spending. This will mean that the majority of MCA business will be seasonal as most businesses will be reluctant to take on new debt. Here's a couple of tips to make the most out of this opportunity.
1. When targeting these merchants, get 12 months of processing statements! American Finance Solutions will use the upcoming months for payback calculations. This will allow you to obtain pricing that maximizes funding amounts or lowers factor rates since expected payback times will be shortened.
2. Maximize Fast Cash deals! With our Fast Cash program, AFS funds in 48 hours most of the time (some deals take 72 hours since we are waiting on the merchant to download with a new processor). Now that merchants qualify for 50% of their processing average, we can use the foretasted four months going into season, rather than the previous four months.
3. Don't forget about non-retailer merchants. There are so many other merchants that benefit from the Holiday Season! E-commerce are great target market that AFS funds when established. Day spas sell tons of gift certificates! The list is endless, think outside the box and you'll be rewarded!
We look forward to funding all of your deals and filling up your stockings with cash.
