Cash flow can make or break a business, and eCommerce businesses are no exception. Online sellers need liquidity to pay for inventory and other expenses. In times of turmoil, merchants may need more cash on hand because revenue is lower than normal. Conversely, a loan can be crucial when you need to buy more inventory or bring in more labor to meet increased demand.
While traditional loans and lines of credit may be helpful, the tech industry has created special data-driven products just for the eCommerce market. In this episode, we look at some particular offerings specifically for online sellers, while also talking about the economic landscape that merchants are currently facing.
Guest: Alex Sklar, Payability.com
Host: Robert Rand, JetRails.com
Special Offer from Payability for JetRails Podcast Listeners/Viewers: $250 Sign on Bonus + Preferred Rates for High Volume Businesses! http://go.payability.com/JetRails
Public Service Announcement:
If your business is being impacted by the COVID-19 Coronavirus crisis, assistance is available from an even wider range of the eCommerce community. We highly recommend that you take advantage of initiatives like
https://offline2on.com/ and https://www.tompuchalski.com/ that focus on pairing merchants with industry experts and firms, many of whom are offering services at no charge, or at steeply discounted rates.