Types of Retail Stores that Can Use a Merchant Cash Advance

1. Types of Retail Stores that Can Use a Merchant Cash Advance

2. The retail industry has grown in leaps and bounds from the 80s and 90s. With advancements in marketing and advertising, retail store owners understand that customers now look for differential offerings and experiences. However, quite often, meeting customer demands require ready working capital. Mantis Funding LLC has been providing timely funds to small retail stores across the country.

3. This has helped stores meet financial burdens as well as differentiate themselves from others, by offering a better range of products. Here’s a look at different kinds of retail stores that have benefitted from alternate funding.

4. Department stores If you read Mantis Funding reviews, you will find that a lot of department stores have opted for merchant cash advances to further their business goals. These stores usually stock a big collection of products at varying price levels. Further, they stock different kinds of products from women’s accessories, home furnishings, toys, books etc.

5. Products are usually displayed in different sections based on the category. As a department store owner, it is important to maintain an optimal level of inventory at all times. With a merchant cash advance, you can even consider offering discounts or vouchers during peak seasons.

6. Specialty Stores These stores normally have a limited product line that focuses on a few categories such as sporting goods, children’s clothing, etc. The inventory in such stores covers most products under the category, that may not be available at regular department stores. With timely funds from Mantis Funding LLC, you can invest in trained staff who are knowledgeable in that niche.

7. For example, a trained salesperson in sporting goods will be able to advice customers on different products and also answers their questions. This will improve customer experience and can lead to higher sales. Further, you can even invest in new billing software of an inventory management system to keep track of orders, returns, warranties etc.

8. Supermarkets In the retail sector, these stores stock a variety of FMCG products. While some supermarkets are large enough to be called a super store or a hypermarket, there are several convenience stores that cater to the needs of a neighbourhood. Customers who shop at these stores prefer to find their products quickly. It is important that the store is well-maintained and hygienic.

9. The interiors should be laid out in such a way that products are easy to find and access. Mantis Funding reviews show that alternate funding can be used to maintain the store in the best way possible. Further, you can invest in high-quality shelving, displays, loyalty programs and other efforts to attract prospective customers in the neighbourhood. Certain slow-moving products can be offered on discount during certain months, to push sales.

10. Contact Us Mantis Funding 225 Clematis Street, West Palm Beach, Fl 33401 Email: info@mantisfunding.com Phone: 877-494-1499