After its decade-long popularity stent in the 1980s, frozen yogurt has become a hot commodity once again.  “National retail sales of frozen yogurt grew 3.5 percent, from $171 million in 2005 to $177 million last year, according to market research firm Mintel,” wrote Ylan Q. Mui, for the Washington Post.  And as the owner of a frozen yogurt store, you are reaping the benefits.  But like any business, owning a frozen yogurt shop takes, money and it is important to always have working capital on hand.

You pay good money for the devices and machinery that keep your products icy cold.  But unlike your yogurt, your cash flow should never be frozen.  It should flow freely, so that you always have business cash available to you in order to advertise, expand or even renovate.  If however, your cash flow is frozen, a merchant loan could be the solution.

Requirements

To qualify for a merchant cash advance, you must:

  • Own a business that process a minimum of $3,500 in monthly credit card sales
  • Have owned the business for at least six months
  • Not have unresolved bankruptcies
  • Have at least one year remaining on the business lease

Uses

There are no restrictions on how you can use your merchant loan.  Some suggestions:

  • Redecorate
  • Purchase inventory
  • Advertise
  • Buy new equipment

Repayment

Your customers come into your store for a low-fat treat.  Every time you hand them their cup or cone, you can see the smiles on their faces and the happiness in their eyes.  With a merchant loan, you can feel the same satisfaction that your customers feel, because every time a customer pays with a credit card, a small percentage of the sale goes toward repaying your business cash advance.  After a merchant loan, every transaction is a reminder that you were able to get up to $500,000 in business funds and you will never be held personally responsible for the repayments.

Get a free online quote today!

Chrystal King writes articles about Merchant Loans for Merchant Resources International.

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