Have you restaurant business not received the approval for business loans, due to the requirement of security collateral or personal guarantee? Is your business requires emergency funds? The restaurant business falls under the high risk category and the banks or others lenders often takes a step back to provide the loans to the restaurants. Never forget the fact the restaurants is a very successful venture only when the immediate needs are fulfilled within time. To meet the demand is a very important factor for the restaurants. The proper flow of the working capital and the cash flow is utmost essential for the success of any restaurants venture. The fluctuating demands should be met at time to achieve the success of the restaurants. Due to the fact of risky venture the banks and other lenders require heavy security collateral or personal guarantee, which can result in the misbalance in the day to day functioning of the business.
The requirement of a restaurant financing alternative is very essential for the restaurant venture. The merchant cash advances is a blessing in term of providing a completely unsecured cash advances up to $250000, without any heavy security collateral or other hassles of heavy paperwork. The merchant cash advance is based on the idea of the future credit sale of the customer. It implies that you receive the advance in return of the future sales that you business will incur. The repayment is made by means of a small fixed percentage being reverted to the merchant cash advance provider as and when the sale is generated in the business.
The conventional business loans require application fees; start up fees and other closing fees prior to receiving the business loans. In other words you will be paying the expenses without even knowing the approval of your loans. The day to day function of the business is hampered because some of the merchants pull funds from the normal cash flow. In case of an emergency requirement the funds shortage can otherwise effect the demand fulfillment of the clients and you might lose business revenue, hampering the reputation and sustainability of the business.
In case of the restaurant financing from the merchant cash advances there are no hidden charges being charged. In case of the other business loans, there are unknown charges being deducted from your account for which no details are provided to you. The amount is received within 72 hours to 7 days. The approval for the, loan is received within 24 hours. The added advantage is that the approval rate in case of restaurant financing from the merchant cash advance is as high as 95%. For receiving the merchant cash advances you restaurant venture must accept the Visa/ MasterCard as mode of payment from the clients, your restaurant business should be based within the US and the monthly credit and debit sale should be minimum of $5000. Just these formalities without any hassles or heavy paperwork and your business can touch the zenith of success with the restaurant financing from the merchant cash advances.
