Should you run a thriving restaurant and you have done so for at least 6 months, you could be approved for a merchant account loan furnished by your credit card terminal. As in most businesses, owning a restaurant is fraught with the unknown. As long as everything is going smooth, then your income should be covering the expenses. Its only when things go wrong that you need capital quickly.
Entries Tagged as 'business cash advance'
Locating a Merchant Account Loan With a Limited Time in Business
December 19th, 2010 · Comments Off · Business
Tags:Business·business cash advance·Business Loan·business loans·Credit Card Factoring·merchant cash advance·small business loans
To Use Merchant Cash Advance For Restaurant Finance
June 11th, 2010 · Comments Off · Finance
Small businesses are struggling at this time to access needed capital to sustain and grow their businesses. During these challenging times, a restaurant owner needs working capital to survive and continue to function optimally, yet bank lending has receded. You can no longer rely on banks for restaurant finance when you need it most. Not surprisingly, in these recessionary times when bank loans are difficult to obtain, small businesses like restaurants are considering alternative financing for restaurant finance. A merchant cash advance, that is also known as credit and receivables financing, provides a business with a cash advance that can be approved within a week of the application filing and without the amount of paperwork involved in a bank lending. The business pays back the principal advanced plus a fee, which varies. The cash advance company collects the money by taking a portion of the credit card sales of the business until the amount agreed for repayment of the advance is paid.
Tags:apply for a business cash advance·Business·business cash advance·debt consolidation·Finance·Loans·merchant cash advance·restaurant finance·small business working capital