Merchant Cash Advances offer advance restaurant finance with many benefits. It is not only a benefit to restaurant owners and operators; it offers restaurant financing to help grow a business and has many more benefits over a conventional loan.
The benefits of using Merchant Cash Advances as a means of restaurant financing to the owners and operators of a business are:
• No closing costs
• No fees for the application
• Does not require an established credit rating or collateral.
• Flexible repayment options
This means there is no risk to apply or obtain the loan. With flexible repayment options you are not at risk of going into default. This is important when you are establishing how to finance a restaurant.
When determining how to finance a restaurant you need an option that will help your business grow. The Merchant Cash Advance can be used for financing restaurant equipement, renovations obtaining a new location and even paying suppliers. You can Advance Restaurant Finance by using the MCA as a means to secure a new location or even expand.
The benefits go on with restaurant focused merchant cash advance over a conventional bank loan. Financing for restaurant loans, financing restaurant equipement and other advance restaurant finance needs typically requires collateral or an established credit rating when applying for a conventional loan. With an MCA there is no need for collateral or a standing credit rating. An MCA offers simple requirements, such as accepting credit card sales and an established of amount of time in business for example. The repayment is based on the purchase of a percentage of credit card sales, so the payment options are flexible which means there is on risk of default.
With an MCA there is no long wait time, you usually have an answer within 24 hours and have the cash you need in as little as a week. When considering the how to of financing for restaurant consider a Merchant Cash Advance as a means of meeting your financial needs.