Are you looking for fast capital for your restaurant and can’t wait for the big banks? Is your restaurant business in need of money fast to stay open? We have something the big banks can’t offer. If you make at least $5,000 a month with your restaurant, have been in business for six months, and have a business checking account, then keep reading on how to get a restaurant merchant cash advance same day funding.
The restaurant industry in the United States is approaching a Trillion a year in revenue. There’s over a million restaurants, and 500,000 of those are independent restaurants, family-owned restaurants, and over 100,000 have shut down in the last 18 months. We offer same day restaurant funding up to $25,000 to do what you need to do to stay open.
What is Restaurant Merchant Cash Advance Same Day Funding
A merchant cash advance is a business advance that is a booming segment of the alternative financing industry. They have been around since 2008, but have taken off in recent years because of the big bank squeeze on small businesses.
A restaurant merchant cash advance is not a loan, but an advance on your future credit card sales or general business revenue. A traditional MCA is paid back daily or weekly from your credit card transactions, and the more modern MCA is pulled from your general business revenue, also known as a ACH merchant cash advance, because it’s automatically deducted from your business checking account.
Merchant cash advances are popular right now because you don’t need a great credit score to get one. You also don’t need to put up collateral, or wait weeks or months to receive the funds, like you do with big banks. And, lastly, you only need to be in business for six months, whereas banks usually require one to two years in business.
Using your MCA for Your Restaurant Business
Having been a cook in the restaurant industry for over 15 years, I’ve worked alongside many chefs and restaurant owners and see the amount of capital they need to keep the restaurant running. Just the dishpit alone needs a ton of money to run because you are using a ton of detergent, rinse, and sanitation fluids, maintaining the machine, and using a ton of water which kills your water bill.
A restaurant merchant cash advance is a quick injection into your restaurant. You can hire more cooks, pay off vendors, and replace the deep fryer and floor mats. Restaurant equipment is notoriously expensive, and staffing right now is a major issue. No one wants to work.
You might use a portion of your business advance to hire top talent by running an ad on Indeed, and getting a website or upgraded website for your restaurant, because most people these days look at online reviews before eating at a new restaurant. You can hire a social media strategist to bring your brand online.
As the restaurant owner, you know exactly what you need the working capital for. Merchant cash advances can be used for anything you need it for. We also work with over 700 industries, so we won’t be picky about your type of restaurant.
Working with Us for Restaurant Merchant Cash Advance
Our terms are simple: One year terms or less. Factor rate of 1.19 to 1.49. Can borrow $2500 to $25,000 and receive the funds the same day during bank hours. Can pay off early and borrow again.
Must be in business for 6 months, have a credit score of 450, and have a monthly revenue of $5,000. You also can’t have any liens or too many NSF days. These are the easiest requirements in the industry. We have helped thousands of businesses get same day funding and are committed to helping every business survive as if it were our own. Click the link below to apply. It takes only a few minutes and won’t affect your credit score.
APPLY for MCA Same Day Funding
Erik C. Johnson
Independent DAC Agent