Are you looking for fast business funding to keep your doughnut shop running? Are you looking to repair and expand your doughnut shop? Doughnuts are big business with over 20,000 doughnut shops in the U.S. However, many are declining, have faulty equipment, or are short on labor. Here’s the best same day doughnut shop business cash advance.
What is a Doughnut Shop Business Cash Advance?
A business cash advance is an alternative to big banks and is gaining popularity quickly because big banks aren’t lending to small businesses anymore.
A business cash advance is determined by the future revenue that a business makes. The business must have a business checking account, an EIN number, and earn at least $5,000 a month in revenue.
The business advance is paid back through automatic ACH payments through the business checking account on a daily or weekly basis. These advances are short term and usually less than a year in term.
They also use factor rates instead of interest rates. For example: a factor rate of 1.19x, means you would pay back 1.19 times the funded amount in a given time. $10,000 advance = $11,900 amount paid back.
Why choose a Working Capital Business Cash Advance
A working capital business advance is just that – it can be used for anything business-related. You can repair equipment, or run advertising for your doughnut shop. It doesn’t matter.
Plus, business advances can get your business funded in a day or less, depending on the lender. We can get you a merchant cash advance in 8 hours. (Depending if you qualify)
Same-day business cash advances are ideal for businesses who need the funds immediately, have a low credit score, and don’t want to put up collateral – everything a big bank frowns upon.
Using your Business Advance to grow your Doughnut Business
Quick story: There are two doughnut shops a mile apart in our small Texas town. One is doing amazing and the other rarely has a car outfront. You can’t blame lack of business because of location because they are in the same neighborhood a mile apart.
In fact, the doughnut shop that has no business was at one time a thriving burger joint. So, even the same spot was very popular, but now it’s dead. What do you think this doughnut shop needs, or any other doughnut shop that is declining in business?
One) You have to stand out. The business that is dead has no neon sign, is a plain white store, with nothing that stands out. You can take a portion of your advance and buy a neon sign, paint the store glitter or sprinkles like a doughnut, and put a giant doughnut on top of the store with a bite out of it.
Two) You need to offer a specialty that the other doughnut stores don’t have. You can create gourmet cupcakes with real white chocolate, super fresh apple fritters made from scratch, and black bagels with salmon lox. You can offer delivery, and do catering. Update the menu. Beat the competition. If you are cheap, everyone will see it.
Three) Get on the internet and advertise! You can offer $5 off every order if the customer leaves a review on Yelp. You can list your business on Yelp, the Yellow Pages, and Manta. Almost everyone looks at online reviews before they try something new. If you barely have a website and it hardly works, then your business will die. Get visible everywhere. You can hire a social media marketing strategist who posts your cupcakes on Instagram and Pinterest, create a Facebook page, and shoots short videos on Youtube for your daily specials. Youtube is a huge platform that is free and works!
Why Us for Your Doughnut Shop Business Advance
Getting a doughnut shop business cash advance from us is a special experience with no strings attached. If you apply in the morning, Monday thru Friday, chances are you will receive the funds by the end of the day.
The requirements are simple: 6 months in business, 450 credit score, and doing $5,000 a month in revenue. It takes 5 minutes to apply and to see if you qualify. You can view the terms and either accept or decline the offer.
I wish you all the success in the world. We are committed to helping every small business survive in America because we are business owners ourselves!
Learn More About Our Business Cash Advance
Erik C. Johnson
Independent DAC Agent