The coming Christmas will be unlike any other that has gone before. Are you prepared? Swoop has a lifeline for businesses getting ready to meet the challenge<\/p>\n\n\n\n
Christmas 2021 is going to be unlike any other. There are a number of factors contributing to this: <\/p>\n\n\n\n
Leaders in the digital world are saying that the shutdowns of 2020\/21 have accelerated transformation efforts by as many as six years, see full article<\/a> on Forbes.<\/p>\n\n\n\n As customers have become used to shopping through websites and downloading the latest movie blockbusters, these habits will stick: why travel to a distant store to fight with unmasked strangers over the last Playstation when you can order from your own sofa during a commercial break?<\/p>\n\n\n\n There is a sense that last Christmas was a low-key affair for many as family and friends avoided seeing each other, rather than enjoying celebrations together. The mood for Christmas 2021 is likely to be one of making up for last year and having a big celebration.<\/p>\n\n\n\n According to the latest report<\/a> from Australian Bureau of Statistics (ABS), the average household savings ratio fell marginally from 12.2% to 11.6% in the second quarter of 2021 but still remains high overall. <\/p>\n\n\n\n Household spending meanwhile increased 1.2%, as Australians continue the steady loosening of purse strings. The impact of families forced to work from home during the pandemic means that they have made significant savings on travel, leisure and holidays. <\/p>\n\n\n\n Post-lockdowns and amidst travel bans, finding staff to fill positions in the leisure and hospitality sectors has been a challenge. If you are relying on seasonal staff, you may find that it is difficult to attract as many people at the price you have paid in the past. <\/p>\n\n\n\n Put this all together and for a family keen to make a big celebration this year, there is money to act on that desire.<\/p>\n\n\n\n Businesses \u2013 particularly those for which the run up to Christmas is their biggest trading period \u2013 must be ready to respond to this demand with a strategy:<\/p>\n\n\n\n Andrea Reynolds, Founder and CEO at Swoop says businesses need to invest early to ensure that they are able to take advantage of the Christmas rush: <\/p>\n\n\n\n \u201cChristmas 2021 is a huge opportunity for businesses to rebuild their lost profits, reestablish with their customers and build positive experiences that will last into the new year and beyond. The two areas that businesses will find particularly useful in this environment are Merchant Cash Advance and Unsecured Loan products to support efforts in eCommerce.<\/em>\u201d<\/p>\n\n\n\n This is an attractive product for many businesses because repayments are taken directly from sales terminals: lenders will not require a credit check or need to view your accounts in detail, though they will work with the company that processes your transactions to see how much revenue you are generating. Andrea says: <\/p>\n\n\n\n \u201cThe amount you repay is based on the lender\u2019s assessment of the risk involved. They will consider the length of time you\u2019ve been in business, your average monthly card payment income and the industry you work in.<\/em>\u201d<\/p>\n\n\n\n To find out more about the Merchant Cash Advance, further information is available here<\/a>.<\/p>\n\n\n\n Andrea describes Unsecured Loans \u2013 which can be up to $5million \u2013 as \u201ca quick, simple, and low-cost way<\/em> to borrow.<\/em>\u201d<\/p>\n\n\n\n For businesses that need to fix their eCommerce offer in time for the rush, unsecured loans could provide the sort of money that is necessary to get the project done. <\/p>\n\n\n\n \u201cThere\u2019s an old saying,<\/em>\u201d says Andrea, \u201cthat customers want things fast, cheap and high quality. But you can only pick two of those.<\/em>\u201d With Christmas looming, eCommerce problems need to be resolved to a high quality, <\/p>\n\n\n\n The great advantage of Unsecured Loans is that they can provide a rapid cash injection if your business lacks assets or if you don\u2019t want to secure what assets you have against your loan. For companies looking to improve their digital offer, increase their marketing spend or hire seasonal staff, Unsecured Loans are a great option to cover expenses.<\/p>\n\n\n\n The funding may be accessed quickly, often on the same day that the loan is agreed, though the application process is typically more in-depth than for Merchant Cash Advance: lenders often specify the loan amount as a multiple of your business\u2019s monthly revenue. They will also look at your trading history and credit score.<\/p>\n\n\n\n For further information on unsecured Loans, including the information that a lender will require, read more here<\/a>.<\/p>\n\n\n\n Andrea Reynolds says: <\/p>\n\n\n\n \u201cCurrent circumstances are a challenge for SMEs, not a barrier. There are options for companies that are feeling apprehensive about the coming festive season and if the last two years has taught us anything, it is that SMEs have the ability to move quickly and decisively. SMEs are the most agile part of the economy and it is up to business owners to ensure that they go into the autumn with the funds they need to execute their plans for success beyond Christmas and into the New Year.<\/em>\u201d<\/p>\n\n\n\n To find out whether you qualify for any of the products mentioned in this blog register<\/a> to the Swoop platform or sign in<\/a> to get in touch with your dedicated funding manager.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The coming Christmas will be unlike any other that has gone before. Are you prepared? Swoop has a lifeline for businesses getting ready to meet the challenge Christmas 2021 is going to be unlike any other. 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Are you prepared? Swoop has a lifeline for businesses getting ready to meet the challenge Christmas 2021 is going to be unlike any other. There are a number of factors contributing to this: The move to digital Leaders in the digital world are saying that the shutdowns of 2020\/21 have accelerated transformation efforts by as many as six years, see full article on Forbes. As customers have become used to shopping through websites and downloading the latest movie blockbusters, these habits will stick: why travel to a distant store to…<\/p>\n","category_list_v2":"Uncategorized","author_info_v2":{"name":"ayeshakhan1111","url":"https:\/\/swoopfunding.com\/au\/author\/ayeshakhan1111\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/blog\/13328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/types\/blog"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/comments?post=13328"}],"version-history":[{"count":2,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/blog\/13328\/revisions"}],"predecessor-version":[{"id":36961,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/blog\/13328\/revisions\/36961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/media\/13330"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/media?parent=13328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/category?post=13328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The move to digital<\/strong><\/p>\n\n\n\n
Making up for lost time?<\/strong><\/p>\n\n\n\n
More spending power<\/strong><\/p>\n\n\n\n
Fewer seasonal staff<\/strong><\/p>\n\n\n\n\n
Merchant Cash Advance<\/strong><\/p>\n\n\n\n
Unsecured Loans<\/strong><\/p>\n\n\n\n
Looking forward to 2022<\/strong><\/p>\n\n\n\n