Why You Need a Line-of-Credit this Holiday Season
Why You Need a Line-of-Credit this Holiday Season
The holidays are stressful, even if you don’t own a small business. For business owners, add in the pressure that comes with staffing issues and stocking woes and you’ve got a recipe for some serious holiday blues. What if you could alleviate some of the strain this season—quickly, easily, and painlessly? Take advantage of the expert business advice from ARF Financial and apply for a line of credit this year. Here’s how it might be just what the snowman ordered.
Seasonal Inventory
Restaurants, gift shops, and every retail establishment in between know the importance of being super-stocked for the holiday season. Purchasing additional inventory to accommodate the seasonal uptick in business is essential, but it can be hard to define—and financially worrisome. The key is to be smart about your purchases. If your strategy is to start with less inventory than you think you’ll need in an effort to avoid excess inventory come the new year, the benefit of a line of credit from ARF Financial is that you get 24-hour access to 5 separate loan drafts over a 6-month period. When you have an unexpectedly busy weekend and need to place an inventory order quickly, no problem. Your line of credit is there, day or night.
Staffing, Paychecks, and Overtime
At this point in the year, you are likely already hiring temporary seasonal help. Anyone from cashiers to waitstaff to customer service to gift wrappers are essential members of your seasonal team, and they obviously need to be paid. Overtime will probably be frequent during the season as well. Busy days and times can’t be predicted, and the last thing you want to do is sacrifice a sale because you were short staffed. This is where a line of credit can come in to save the day…. and your payroll.
Marketing Uptick
It’s critical to increase your marketing tactics during the holidays. Mailers, email campaigns, and in-store signage are key to advertise your extended hours, sales, new menu options, and more. Obviously, this increase comes with a price tag. And with a line of credit from ARF, amounts are available from $5,000 to $500,000—and we get you funded fast.
Party Time
Regardless of the type of business you own, your staff are true assets to your success. As the holidays approach, a great idea to reinforce how much you appreciate them is a fun staff party. Throwing a party can get very expensive, which is a key reason many small businesses opt out. But with a little financial cushion, you can host an incredible event—big or small—that’ll help your employees feel as though all their hard work this year has been worth it. From ugly sweater themes to Secret Santa, the options for fun are endless. And you’ll be more relaxed throwing a party if you know the bill isn’t going to compromise your ability to make payroll.
Stop by ARF Financial today and get a free, no-risk free offer to learn how much money your business can qualify for. Applying won’t affect your credit score and you’ll make low weekly payments. Apply now!