How to Use Financing to Grow Your Small Business
Working businesses often require working capital. Whether you want to expand your operations, remodel your existing space, or more strategically market your brand, Coastal Payment Systems has customized financing opportunities available to propel your business forward. Offering lines of credit, bridge loans, cash advances, and small business loans, we provide access to fast, easy, and flexible funding options with a variety of repayment options. You've built your business, let us help you capitalize your next project!
Some of the most common ways to utilize our financing options.
1. INVEST IN YOUR STAFF
Do you want to expand employee training or invest in hiring new talent? To successfully grow your team and reward your existing staff, you need to account for salaries, better benefit packages, and continuing education. With a financing option like a cash advance, you can get the funds you need to grow and train your staff—and you're able to repay the borrowed funds directly through a percentage of your future credit card sales. It doesn't get any easier than that! Investing in your team will pay off with longer tenures, less attrition, and a wider pool of quality candidates. Best of all, funding approval is based on overall business performance, not just your credit score.
2. GROW YOUR FOOTPRINT
Whether you want to buy or rent new commercial property or enhance the space you have, access to a fast and flexible revenue stream can turn your business goals into reality. With a host of immediate funding solutions, including bridge and small business loans, the possibilities are endless and the repayment options plentiful. By utilizing a bridge loan, you can attain short-term capital to essentially "bridge the gap", then use those funds for a variety of needs associated with growing your store's footprint.
3. EXPAND YOUR PRODUCTS AND SERVICES
Adding products to your line and bulking up your inventory can result in new customers and higher sales! Is there a popular new product or service that you'd like to introduce to your customers? Or, perhaps you run a seasonal business and want to stock up on inventory ahead of time. Extra capital can help you enhance your offerings and keep up with the competition. With a flexible line of credit, you only incur costs on the funds you withdraw while creating new revenue opportunities.
4. MARKET TO YOUR MARKET
The growth of your business has a lot to do with how people perceive your brand—and word-of-mouth advertising can only take you so far. With a small business loan, you can easily obtain the funds necessary to buy advertising space in your local area, open your doors for public events, and even hire staff to strengthen and manage your social media accounts and digital presence, as well as your online reputation!
Get the funding you need for your business to prosper!