Merchant Cash Advance for Restaurant Business Unique Needs
Merchant Cash Advance provides a quick financing to restaurant business owners that require working capital to develop or improve their restaurant business. It can be utilized for paying employees, restaurant renovation, addition of new service or product lines and expansion. Since business cash advance qualification is primarily based on the overall recent performance of the business and not solely on personal credit score, more business owners have qualified for a merchant cash advance than a SBA loan or business loan from a bank.
Get Working Capital for your Restaurant or Cafe with Business Cash Advance.
In a highly competitive restaurant industry, it is often difficult for restaurant owners to get working capital. Thus, many business opportunities are often missed. Restaurant business loans from Business Capital USA serve as an ideal funding solution for many restaurant businesses which were turned away by traditional banks for a small business loan. The flexible terms, fast access to funds and easy to qualify for working capital up to $2M are key benefits of working capital loans from us.
A restaurant business with at least one year in service and generating monthly sales of at least $15,000 are easily approved. Unlike small business loans by banks, a business cash advance product does not require extensive supporting documentation and personal collateral. Upon approval, the business funding can be quickly deposited and available within one business day. The biggest advantage with it is the payment flexibility to accommodate seasonal businesses during low sales months.