We recently helped secure funding for a theme park, and the team here couldn’t have been more excited. After all, it’s not every day you get to finance something as thrilling as a theme park! Imagine the business meeting: discussing a project while surrounded by the magic of roller coasters and attractions. While site visits aren’t typically required for a business cash advance, larger funding requests sometimes call for lenders to assess the project in person. And if there’s ever a reason to step out of the office, a theme park is certainly one of the most exciting ones!
Why a business cash advance works for a theme park
Theme parks generate a high volume of card transactions. From online ticket bookings to on-site payments at restaurants, gift shops, and attractions, credit and debit card sales make up a significant portion of their revenue. A business cash advance is ideal because repayments are flexible and directly linked to card sales.
Why not use traditional commercial finance?
Many large-scale projects like theme parks rely on multiple financing solutions at different stages of development:
- Equipment finance: Asset financing helps fund rides and attractions, allowing businesses to secure loans based on the value of the equipment, such as roller coasters or water rides.
- Traditional business loans: Used for operational expenses like staffing, utilities, and marketing, traditional loans can provide the working capital needed to keep the business running smoothly.
- Development and Construction Finance: For park expansion or new attractions, development and construction finance support growth by covering the costs of building and improving facilities.
However, a merchant cash advance is another valuable option. Unlike traditional loans, it adapts to your cash flow, with repayments taken as a percentage of card sales. During slower months, your repayments are lower, offering greater flexibility. This makes it a great option for businesses with seasonal fluctuations, like theme parks, as it ensures payments align with actual sales rather than fixed monthly amounts.
Flexible funding with a business cash advance
A merchant cash advance can work alongside other finance options, allowing you to raise an amount equivalent to your monthly card turnover. Repayments adjust with your sales, helping to ease cash flow pressure during quieter periods.
If your business accepts credit and debit card payments, we can help. Apply for a merchant cash advance today, or if you’d like to explore more funding options, visit our sister site, Capalona, where you’ll find a wide range of commercial finance solutions tailored to your business needs.
