Many people are talking about Quantitative Easing and other forms of government economic stimuli after last week’s Federal Reserve announcement. These measures are meant to free up money for banks so that they will feel more willing to loan money to businesses in need. The loans to these businesses are what allow many of them to hire more employees and, thereby, stimulate the economy by opening up the door to more consumer spending.
If you think that seems like a long chain of events to bet on, you are correct. The weeks and months that it takes for a decision like this to trickle down to small business owners can spell disaster for a small company. In a way, it is becoming difficult for some small businesses to keep up with the moderate improvements in the economy. While your business might be rebounding, it will take some time to earn the capital necessary to rehire some of the employees lost in the initial financial malaise of a few years ago.
A merchant cash advance is a great way to get back to hiring. If your company appears to be moving in the right direction and business is picking up hiring some new employees is not just a convenience, it is an almost patriotic act.