How Merchant Financing Can Save Your Restaurant

Maybe your restaurant has been in your family for years or you have recently bought a restaurant and are in danger of going under and losing the restaurant. A merchant cash advance can immediately save your failing restaurant and with restaurant financing you can not only save your small business but can catapult it into becoming a hot spot for customers.

Receiving restaurant financing is a rather simple process and is definitely the way to go if the bank has turned you down, you need the money quick, your personal credit score is too low for a bank to even consider offering you a loan, and you want a cash advance that is simple, easy to pay back, and does not have strings attached like a bank loan would have. Business advance funding also does not require any collateral so you won’t be in danger of losing your home or your business by getting a cash advance.

Merchant advances are becoming increasingly popular, especially for restaurants, because they offer a hassle free option for restaurant owners to keep their restaurant, improve their restaurant, and potentially make their restaurant “the place to go” for local residents as well as tourists.

How Much Money Can a Restaurant Get with a Merchant Cash Advance
The amount of the merchant cash advance varies and can be as high as $250,000 that can be wired to you usually within 3 days of being approved for the advance. You can use this money to remodel, refurbish, redecorate, hire more staff, increase inventory, or for whatever it is you need in order to improve your business and sales.

How Does Restaurant Financing Work

The reason merchant cash advance works to help you succeed in your business by providing you with immediate cash is simple. We provide you with the funds necessary for you to improve your business, make your restaurant grow, and to help you make more money and stay in the black.

How can we do this? Simple. We provide an upfront amount of money to your restaurant and in exchange you will pay us back based on a percentage of the daily credit card transactions your business makes. The credit card processor will automatically deduct the agreed upon percentage from the credit card receivables. You can check your account and your progress towards paying back the advance seven days a week, 24 hours a day via our website or through customer support. There is also no penalty for paying back the merchant cash advance early. Actually, by paying back the money sooner than expected could mean huge savings and deductions for you!

Why Restaurant Financing is the Way to Go

An important and awesome difference between traditional bank loans and restaurant financing with a merchant cash advance is that your credit history is not a factor, merchant funding approval is based on your future and ongoing transactions-not your past and this is a short term funding that will enable you to get cash quickly without a long-term commitment. By having your merchant cash advance for restaurant financing automatically paid back via your credit card processor, you will pay back the amount owed quickly and easily and be available for further cash advances in the future.