Challenge

A Need for Extra Working Capital During Slow Season

Small businesses usually have slow and busy seasons. For Power Steam Carpet Cleaning they needed extra working capital during their slow season as they were waiting for accounts receivables. Needing the funds quickly but without collateral, they knew that traditional financing was not an option. Merchant Growth was able to help.

“The financing helped greatly, and it was really easy dealing with Merchant Growth as opposed to dealing with a bank. The banks seem impossible to borrow from; they ask for collateral and too much.”

Bret Zelisko, Owner – Power Steam Carpet Cleaning

Solution

An Efficient Non-collateralized Line of Financing

Power Steam Carpet Cleanings owner Bret Zelisko approached Merchant Growth. 

“The financing helped greatly, and it was really easy dealing with Merchant Growth as opposed to dealing with a bank. The banks seem impossible to borrow from; they ask for collateral and too much.” Merchant Growth is proud to not bring in the stress that traditional financing does; they are truly here to help small businesses grow and have processes to reduce friction.

Result

Well Prepared With Cash Flow for Busy Season

Power Steam Carpet Cleaning was able to get the funds that they needed to get caught up on accounts payables and hire some new staff as they moved into their busy season. The problem, as Bret iterated, “Is that as you are ending the slow season, you need to prepare for the busy season,” which is why it was pivotal to get the financing from Merchant Growth in the timely manner that they did.

Check out the original article here.