When Money’s Tight, 38% of Small Businesses Turn to Alternative Funding Sources

Small business entrepreneur at cafe entrance using digital tablet

As the prices of goods and services skyrocket, it has become increasingly difficult for Main Street businesses to remain afloat. With megaretailers such as Walmart and grocery chains like Kroger able to absorb their vendor costs without inflating consumer prices, those facing greater financial pressures are small-to-medium-sized businesses.

For these small businesses, increased supplier and shipping costs can determine whether they keep their doors open or close them in a matter of weeks. To confront these potentially fatal obstacles, many have resorted to taking out business credit cards or acquiring capital from loans. While both strategies may help mitigate cash flow contingencies, they put small businesses on an emotional tightrope—will their customers remain loyal if they raise prices? Ultimately, the success of these companies depends upon finding the perfect balance between cost savings and customer satisfaction.

Navigating a financially turbulent terrain can be daunting, especially for small businesses whose cash access is restricted. 38% of such enterprises turn to personal sources as a last resort, utilizing credit cards and personal bank loans to save their ventures from collapse. While these measures offer short-term relief, there’s a lot at stake should payments fail to materialize–the risk of ruin looms large. Fortunately, VOLT Merchant Solutions provides an excellent alternative—the ingenious Volt Cash option!

Leveraging your business’s future credit card receivables, this magnificent money-making tool offers immediate access to the funds needed to succeed. Whether you’re investing in new equipment, stocking up on supplies, or expanding into new markets, Volt Cash grants instant approval without any collateral or long-term commitments. And if that’s not enough, there are also fixed-term business loan choices to cushion the blow of tight budgets.

Now more than ever, the need for timely financial support has never been greater. Don’t wait until it’s too late—secure the success of your Small Business with the convenience of Volt Cash! Reach out today and explore the possibilities of a brighter future for your enterprise.

Contact Volt Merchant Solutions today to find out how we can help you stay ahead of the game when it comes to efficiently and effectively handling your payment processing needs.
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