Background
21 Years in Business and a Reputation of Success
Power Steam Carpet Cleaning specializes in carpet cleaning, furniture cleaning and more. They have been serving Saskatoon for 21 years, providing trusted, high quality services. Whether it’s extending the life of your furniture or you’re just in need of cleaning assistance after sustaining water damage, Power Steam Carpet Cleanings professional cleaners are always there to help. They use deep steam cleaning on carpets and a range of gentle techniques on your furniture, selecting the best method for the fabric. This personal touch has given this small business a great reputation resulting in longevity in their business with a loyal customer base.
Challenge
A Need for Extra Working Capital During Slow Season
For any small business you most likely have a slow season and a busy season. For Power Steam Carpet Cleaning they needed extra working capital during their slow season as they were waiting for accounts receivables. The issue was that they needed the funds quickly and did not like the idea of having to put collateral down, which is why they knew that traditional financing was not an option. They saw an opportunity to work with an alternative financier which is where Merchant Growth comes in to help..
“The financing helped greatly and it was really easy dealing with Merchant Growth as opposed to dealing with a bank. The banks seem impossible to borrow from, they ask for collateral and too much.”
Bret Zelisko, Owner – Power Steam Carpet Cleaning
Solution
An Efficient Non-collateralized Line of Financing
Power Steam Carpet Cleanings owner, Bret Zelisko (Bret) approached Merchant Growth and was able to get in touch with one of our Loan Advisors within the day of completing his online application. Brett goes on to say “The financing helped greatly and it was really easy dealing with Merchant Growth as opposed to dealing with a bank. The banks seem impossible to borrow from, they ask for collateral and too much.” Merchant Growth is proud to not bring in the stress that traditional financing does, we are truly here to help small businesses grow and have processes in place to reduce the friction as best we can.
Result
Well Prepared With Cash Flow for Busy Season
As a result of Merchant Growth’s new relationship with Power Steam Carpet Cleaning they were able to get the funds that they needed to get caught up on accounts payables and hire some new staff as they moved into their busy season. The problem as Bret iterated, “Is that as you are ending the slow season you need to prepare for the busy season”, which is why it was pivotal to get the financing from Merchant Growth in the timely manner that they did.
