Industries That Benefit From Financing Through Merchant ReFi
A business that doesn’t have money is a business that can’t operate. This has made financing a necessity for many businesses who need some assistance in continuing their operation. At Merchant ReFi, we offer an alternative to the traditional business loans you might find at a bank. What you might not know is if your business is a good fit for alternative business financing. That’s why today we’re going to highlight some of the industries who we have had the most success with and who can benefit the most from our services. Want to learn more? Call Merchant ReFi today to speak with one of our qualified, friendly, and knowledgeable team members about if alternative business financing is right for you.
The typical turnaround time for a traditional business loan can be anywhere from 30 to 90 days long, and after that long three-month wait, you might only find out you weren’t approved despite it all. With the requirements of businesses, sometimes an influx of capital is necessary in a short amount of time in order to continue running. This makes alternative business funding from Merchant ReFi a good option when you’re pressed for time. With less prerequisites necessary to be approved than banks require, you won’t have to waste as much time going through the application process either.
Who Can Benefit?
Over the years since Merchant ReFi began offering an alternative to traditional business loans, we’ve been able to help a wide variety of clients. Some of the industries who have seen success after working with us include, but aren’t limited to:
- Construction Companies
- Heating and Cooling
- Auto Repair
- Golf and Tennis Clubs
- Auto Repair
- Green Energy Related Industries
- Seasonal Businesses
- And Many More
Additionally, we have begun working with B2B clients as a way to create an interwoven network of business. For example, we are able to help a marketing company who is looking to begin a campaign for a client but the client needs an influx of capital in order to get the campaign off the ground. This helps them get started with their work while they are waiting for referral fees to come in. We’ve also seen success working with accountants in a similar situation. So if you are a B2B business whose client’s need capital call Merchant ReFi and ask us about our referral program.
Why Look for Alternative Business Financing?
Due to the extended waiting period and a long list of requirements for traditional business loans, many businesses are unable to secure the funding necessary to start or continue operation. By working with Merchant ReFi, we will work hard to help you get the business capital you need to keep the lights on when things are going tough, or make updates to your business to find even more success moving forward. However, it isn’t a perfect fit for everyone. Companies with a focus on gas, oil, marijuana, or hemp should look elsewhere when looking to secure funding.
If you’re a business owner in need of funding, call Merchant ReFi today. One of our qualified and knowledgeable team members will be more than happy to answer any questions you might have.