How to be an Innovative Business Owner with a Merchant Loan

You have a presentation to make to the class on world music. You prepared all week long, but when you open your backpack to retrieve your cue cards, they are not there. Then, you remember you put them on the kitchen table after you finished practicing last night, but you never picked them up again. You have to think quickly. You remember you have your guitar in your car for band practice tonight, so you run to the car, grab the instrument, forget about your original plans and perform a complete showcase of world music for your class.

Your husband announces at the last minute that he has invited a co-worker and his wife over for dinner. You rush home to see what is in the refrigerator to cook, but there is nothing there - you were planning on going to the store tomorrow. You realize that you have about three night’s worth of leftovers. You grab them all, add some seasoning and make a completely new meal out of the week’s leftovers and your guests never know.

How do these anecdotes relate to one another? Each one tells the story of someone who found his/herself in a quandary and thought innovatively to turn tragedy to triumph.

A business owner who feels backed up against the wall due to falling sales and rising difficulty of receiving funds can definitely use a lesson in innovation. Being innovative might just be the difference between a successful business and a flop.

If you are reading this article, you have already taken the first step, which is searching for ways to be an innovative businessperson, putting you on the right track toward innovation. That said, I would like to introduce to you, the merchant loan, which can be very helpful to a business owner who needs funds to grow his/her business.

Merchant loans provide funds for small business owners through credit card factoring. Merchants have the opportunity to advance themselves up to $500,000, which will be repaid over a period of six to eight months. Merchant loan payments are only made when the business processes credit card sales.

Of course, just receiving the merchant loan is innovative in itself as it is a "new and creative" way to secure business funds for many small business owners. But the innovation doesn’t have to stop there, because what you do with your merchant loan is the real test of an innovative business owner.

Consider the following chart:Consider the following chart:

SCENARIO	TRADITIONAL	INNOVATIVE
Customers that used to come into your store very often are coming in less frequently.	You call and ask them how they are doing and when you can expect to see them again.	You send a card that reads, "We miss you," and include a personalized coupon, complete with the customer’s name printed on it.
Your employees are not motivated and it is negatively affecting the customer experience.	You give a lecture on job performance and threaten to fire uncooperative employees.	You use incentives to boost employee morale.
Your electric bill is getting very expensive.	You tell all employees to always turn off electrical appliances when not in use and to turn off all unnecessary lights.	You invest in energy efficient light bulbs and conserve energy while you cut costs.

If it is innovation you're looking for, then the merchant loan is exactly what you need. You can turn your business’s future credit card sales into cash now.

Merchant Loan
Get fast funds for your small business today!