Like many entrepreneurs, you probably have a long list of goals, such as increasing revenue, gaining brand recognition, boosting market share, and above all, growing as quickly as possible. While achieving rapid business success is something we all desire, it’s just as important to be able to sustain that level of success.
Let’s face it: Covering all of the expenses upfront is a luxury many businesses simply can’t afford. This is where external financing and Amazon loans come into play.
Here are four ways financing helps your business win:
1) Restock to keep your rankings
On Amazon, a high ranking is more important than ever and means being able to keep your inventory stocked and have the resources to meet customer demand.
Long-term loans are more suitable for stocking up on inventory and expanding operations. One of the main benefits of taking out a long-term loan is that it can help you establish credit. The loan terms are also typically more flexible in terms of repayment options.
2) Invest in advertising
Advertisement is what drives sales growth, and the more working capital you have, the more you can invest on ads that will help your business grow.
If you want to optimize your listing before the holiday season, a bank loan with a lengthy approval process is probably not your best bet. A short-term loan is ideal if you need fast funding.
In terms of advertising on Amazon, Sponsored Products are a great option. Your product will be displayed in prime locations: either below search results or on the product detail pages.
3) Launch products faster
Lenders that specialize in digital business tend to be more flexible than banks in terms of payment schedules. In the unfortunate event that your business doesn’t make enough money, you may be able to negotiate new loan terms.
4) No cash flow gaps
Whether it’s expanding too quickly, backorders, cash flow issues are inevitable. This is why it’s important to be prepared with enough cash to cover unexpected expenses.
Running a business is challenging enough. You shouldn’t need to worrying about a steady cash flow on top of everything else.
Check Your Pre-qualified Amount Without Impacting Your Credit Score
Getting your business funded shouldn’t impact your credit score. That’s why SellersFunding invested heavily in technology to allow you to check monthly updates of how much your Amazon Seller Store is pre-qualified for funding. If you decide to apply, they will only perform a soft inquiry (which does not impact your credit score) to pre-qualify your company.
Are you ready to take the next step to grow your business? Check here for your pre-qualified amount. We define our loan proposals using a unique proprietary algorithm to find solutions that meet your business needs. If you’re interested, just apply and once approved, we will send you funds within 1-2 business days.