California Merchants Need Business Cash Advances

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The L.A. Times recently reported that small business bankruptcies in California have risen 81% in the past year, ending on September 30.  This is compared to only a 44% increase in small business bankruptcies nationwide

According to Brian Headd, an economist at the small business administration’s office of advocacy, as quoted in the L.A. Times, this is a result of shrinking credit lines, consumer spending cutbacks and banks wary of lending.

Therefore, small business owners that have access to business funds have a better chance of keeping their doors open, and based on the aforementioned numbers, small business owners in California may be more in need of business cash advances than merchants in other states.

Since there are no restrictions on how merchants can use business cash advances, small business owners have the freedom to use their advances in a way that is beneficial to their business, decreasing the chances of business closure.  They can use the money to pay for daily operating expenses, until sales pick up again.  They can use the funds to increase advertising in order to bring in more customers.  They can even use the funds to stock up on inventory, if low inventory is causing customers to shop elsewhere.

Don’t let your small business be a part of that dreary statistic when you can get a business cash advance.