Recession Changes Everything – Even Shoes

If you’re in the shoe store business and thought that high-value brands were out of your reach, guess again. Jimmy Choo, one of the swankiest brand names in women’s shoes, now says that it will create a pair of pumps that will sell for less than $50. That’s quite a drop from the average $550 price tag for a pair of Choos.

The lesson here for small businesses is important, though. The recession has hit retailers hard and consumers, more now than ever before, will part with their cash only for real bargains. If your small business offers high-value items, you may consider expanding your line to include lower-priced items. If you need working capital to make your expansion plans take off, consider a loan alternative from Rapid Capital Funding.

If your business generates more than $2,500 in Visa or MasterCard receipts each months, you’re likely qualified for a merchant cash advance. As a loan alternative, a merchant cash advance makes a lot of sense for businesses where credit card transactions make up 80% or more of gross monthly receipts. This loan alternative is great for generating shoe store business financing, capital for restaurant businesses, gas stations and other similar businesses.

Contact Rapid Capital Funding today and see how you can get the working capital you need to take advantage of consumer buying preferences during these tough economic times.

Photo Credit: Stephen Carlile, via Flickr

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