Small, retail and/or service-oriented businesses located in tourist towns are amongst the types of small businesses that are being negatively affected by the recession.  These small businesses may not be considered seasonal, but their sales often increase during high-vacation seasons.

According to Maggie Daniels, an associate professor of tourism and events management at George Mason University, larger tourist cities such as New York and Washington DC are able to hold their own during an economic crisis, as stated in an article titled “Tourist Towns are Struggling.” But what if you own a small, retail or service-oriented business in smaller tourist town such as Blanco, Texas or the Chama area of New Mexico?  What is to come of your small business?  Many of these small business owners not only have to deal with decreasing sales on normal days as a result of the economy, but as the economy worsens, fewer people can afford to take vacations, turning those months when profits typically surge, into months of average sales.

In a situation like this, a small business loan alternative is key, and these small business owners can get a small business loan alternative through a business cash advance, a method of business financing that allows small business owners to sell their future credit card receivables to receive cash upfront for their businesses.

Business Cash Advance Requirements

Must have owned business for at least 6 months Business must process at least $5,000 in monthly credit card sales Must have at least one year remaining on the business’s lease

Business Cash Advance Repayments

A small percentage of daily credit card sales will go toward business cash advance repayment Repayment usually takes six to eight months Daily repayment amounts fluctuate according to the business’s credit card sales

Some sources say that even now, some small businesses located in tourist towns are expanding.  Whether you plan to expand, or you need a couple of dollars to stay afloat, a business cash advance may be able to provide the funds that you need for your tourist town business.