Restaurant Loans – Merchant Cash Advance for Your Restaurant

For restaurant owners whose business has slowed down a bit because of the sluggish economy, applying for a restaurant loan may be complicated, either because credit ratings are less than perfect, or because banks and lenders are more reluctant than ever to hand out business loans. For those operating restaurants and are in need of working capital but having a hard time finding it times are stressful, because without cash flow, there is little chance that any restaurant will survive.

Working Capital Immediately

There is a way, however, to find the financial support needed to make running a restaurant in a tough economy more profitable. Merchant cash advances allows an individual operating a restaurant access to working capital almost immediately. Unlike restaurant loans or small business loans, this cash advance will provide a lump sum of cash, with the understanding that the cash advance company will receive a share in future sales of the restaurant’s business. With small business loans and restaurant loans so hard to obtain because of the restricted credit conditions, this way of lending is growing and becoming the new way to acquire the working capital necessary to enable a restaurant business to flourish and grow. Although interest rates for this type of cash advance may be a bit higher than a traditional restaurant loan or small business loans, if an owner wants to keep his restaurant open and may not have the best credit or little collateral, opting for a merchant cash advance is definitely the way to go.

Let’s face it, anyone operating a restaurant needs cash, which is vital in keeping up with inventory supplies, paying for those supplies and seeing the restaurant’s clientele grow. The new way to solving how to get the working capital necessary to solving all of the above is to go with a merchant cash advance.

Quick, Simple & Easy

Qualifying for a cash advance is easy. The funding process involves filling out a simple application. The criteria used by the cash advance provider is a review of credit card returns on a monthly basis and the amount of time the restaurant has been in business. In most cases monthly credit card minimums are $5000 in sales, and a restaurant that has been in business for nine months or more. 

Merchant Cash Advance is not a loan – it is a Business Deal

Keep in mind that a merchant cash advance is not a loan. Rather, it is a business deal (purchase and sale of income earned in the future) made by the cash advance company and the business owner. In other words, the merchant cash advance company will receive a predetermined percentage from a restaurant owner’s daily sales using credit cards. This goes on until the cash advance company is fully compensated for the advance given and the premium. Note that this partnership is usually completed in a year’s time or less, depending on how well the restaurant is doing. If a restaurant depends on summer tourists, and the cash flow is limited during the cold months, the owner will pay the cash advance company less during the slower months. Unlike restaurant loans or small business loans, there is no ultimate due date, as well as the promise of a fixed payment. Do you want to read more about our merchant cash advance program? Or apply now by filling out our form up to the right.

Merchant Cash Advance – open doors for many Small Business

The future seems to indicate that merchant cash advance will open doors for many people with a goal of increasing or maintaining their restaurant’s business. To receive working capital the easy way, even if your credit is less than perfect, working with SmallBusinessLoansDirect.com will help get the money you need in a cash flow friendly way. It is truly the way to go for those who have a need to borrow cash to keep their restaurant in business with the hope to see it flourish. Why apply for a restaurant loan that is complicated and hard to get, when a merchant cash loan affords restaurant owner the ability and cash necessary to work with today’s less than desirable economy.

Apply for our merchant cash advance now in the form up in the right column.