Jetsurf is no ordinary surfboard company. Their lightweight, motorized boards can travel up to 36 mph, outpacing surfboards and wakeboards. Designed by F1 and MotoGP racing engineers and constructed of carbon fiber, Jetsurf boards weigh as little as 40 lbs., making them easy to carry on planes, cars, and boats.
Jetsurf’s soaring popularity initially posed challenges, as the company struggled to meet growing demand for its one-of-a-kind product. Fortunately, Betterfunds provided working capital for them to grow and helped Jetsurf integrate a payment solution with lower rates for phone and E-Commerce orders.
“It’s been amazing to see Jetsurf grow,” said Elinor Chayo, Chief Executive Officer at Betterfunds. “Betterfunds has helped Jetsurf create one of the fastest-growing watersports in the United States. We are excited to see such an incredible product and dream come to life.”
Now entering its fifth year, Jetsurf continues to expand their service offerings. “Betterfunds has been the perfect partner and a timely resource for the company,” Jetsurf representatives stated. “Their expertise in business funding and credit card processing has helped us create a robust online presence while investing in our future. Jetsurf customers can now order their boards from anywhere and track their orders in real time.”
Funding Your Future
Jetsurf and other business owners in need of working capital have found merchant cash advance to be an effective short-term solution. Unlike other loans, working capital loans are designed to be repaid quickly, through a percentage of credit card receivables, until they are paid in full. Some entrepreneurs appreciate being able to tie their payments directly to their credit card sales. While they may pay more on high-volume days, they pay less or nothing on a day when they are not making sales, which eliminates worries over insufficient funds or overdrafts.
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