The cash your business needs, now
FOCUS ON FUNDING"Small businesses tend to not have
deep entrenched structures built into
their operations; they often work from
month to month and do not have cash
reserves to deal with unanticipated
expenses or seasonal fluctuations in their
business," says CEO of Retail Capital,
Karl Westvig. "What's more, they don't
tend to have assets that they can easily
sell, or expenses that they can easily
cut, so it can be fairly tough managing
unpredictable cash flow cycles. Traditional
financial institutions are not an option as
they offer secured lending products, so
when SME owners have shortfalls they
rely on friends and family for help."In response to this funding gap, Retail
Capital launched into the market in 2011,
with a cash advance product, which allowsbusiness owners to access
funding lines against their
future cash flows. As a
solution to many of the
challenges entrepreneurs
face when they don't
have the upfront capital
to assist them with their
business operations like
the purchasing of stock,
repairing equipment or
renovating their stores;
Retail Capital grows
businesses through
partnerships and funding.
"We don't require security, but look at your
trading history and make a decision based
on that. As the amount of information
required is minimal, the turnaround is very
quick at within five days," says Westvig.
"We consult with all our prospective clients
and ensure that the return-on-investment
will be worthwhile; if your business won't
profit from the funding, we don't advise
taking the cash advance. We find though,that the business owners
that we deal with are
commercially savvy and
are using the investment
to fund significant growth.
They are expanding to new
sites, or refurbishing and
revamping their restaurant
or retail store. We see up
to a 20% improvement
in turnover as a result of
freshening up the interior
and facade of an outlet.
Even if a business could
access traditional funding,
the delay would mean they would miss out
on significant opportunities, especially over
seasonal booms."If you're looking to boost your business's
performance, contact Retail Capital,
who have advanced over R1.2 billion
to thousands of businesses including
restaurants, retailers, beauty spas and
medical practitioners.Retail Capital offers a flexible,
accessible and convenient solution
to boost your business growth...Karl Westvig, CEO, Retail Capital