Case Study: 50% m/m growth after a merchant cash advance
Two months ago, we assisted a shoe retailer in Northern California with a business cash advance. The purpose was to buy inventory to increase sales. We have kept the name of this customer confidential.
At the time, monthly credit card sales were $40,000. The cash disbursement happened about a week after the approval process. The shoe store had inventory for a new set of more popular shoes delivered shortly after the cash showed up.
The next month’s credit card statement shows $60,000 in sales, owing in no small part to the increase in inventory. Certainly there were other factors at play like back-to-school shopping and perhaps the economic revival so often-reported.
Still, we were pleased to be part of the company’s success in leveraging an injection of new working capital to increase sales. We hope to report back about how this special retailer’s sales are going in a few months.
