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The Decorating Centre: Background
High Quality and Exclusive Offerings
Founded in 2005, in Burlington, Ontario, The Decorating Centre (TDC) is a resource centre for furniture and other home goods that exclusively works with interior designers and interior designers. With over 3,500+ interior designers registered with them, this family business operates out of a 25,000-square-foot showroom that is full of customer furniture samples and other high-end products. Nothing is sold from the floor, everything is custom ordered and custom made by designers for their customers. For the Decorating Centre, it’s their high quality and exclusive offerings that have made them a success.
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Challenge
Receivables Affected by Supply Chain Challenges
Cash flow challenges are one of the most common hurdles that a small business faces. Although TDC business had been doing well, there was high demand for products while there was a worldwide shortage of goods. TDC was facing unusually long lead times with items that previously took 6-8 weeks suddenly taking 24-26 weeks, which meant a higher amount of receivables.
Despite sales being made, the goods needed to arrive for the payments to be processed, which meant their available cash flows were directly affected.
Solution
Fast Financing And A Positive Experience
Working capital from Merchant Growth allowed The Decorating Centre to pay off all of their suppliers as well as their landlord quickly without the delays that small businesses typically face with banks. Working with the Merchant Growth team was a positive experience.
Merchant Growth believes in not only finding the right type of financing solution for each individual customer and their particular needs but also offering the best experience at every step of the process.
Result
Building a Financing Relationship
TDC has used funding from Merchant Growth in the past to purchase new inventory, so the repeat business with The Decorating Centre is another example of how Merchant Growth truly values building long-term relationships.
TDC sales are continuing to trend upward and they are equally optimistic for the future, both in terms of the continued growth of their businesses.
You can read the full article here.
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Businesses across Canada trust Merchant Growth.
You can get financing in as little as 24 hours.
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