Wedding Dress Retailer Benefits From Retail Cash Advance Funding
July 24, 2014
Wedding Dress Retailer an Advanced Merchant
First Class Capital’s launched its Retail Merchant Advance (RMA) product in April 2014.
RMA is designed to help small retailing businesses access a cash advance facility without the need for property security. Many small retail business owners either don’t own property or would rather keep their personal assets separate from their business assets.
The unique feature of the RMA product is that the client can repay the advance over their choice of 1, 2 or 3 months and then only from future credit and debit card sales. Like an overdraft, RMA allows you to redraw up to your facility limit at anytime.
The product was quickly embraced by astute clients – one being a wedding dress retailer looking to purchase inventory ahead of a peak sales period.