Your Key to Restaurant Success
Ask practically anyone how to succeed in the restaurant business and the answer that usually comes back first is "...with a lot of hard work." Anyone with experience in the restaurant business can testify as to the truth of that statement, but just like any other business, all the hard work in the world won't help if you don't have the financing you need to start a restaurant right.
If you have the willingness to provide the hard work, where do you get the money? There are a lot of answers to that question. Unfortunately, some answers are far better than others. There's always "Lou the Shark," Uncle Benny, mom and dad, maybe even the bank, but usually not on the list, and if it is it's not very high on that list, are restaurant financing companies. This is probably your best bet for a restaurant focused merchant cash advance as opposed to a standard bank loan.
Let's face it, restaurant financing companies are not usually a consideration when determining where to get money for a new venture. That's unfortunate because when it comes to making restaurants succeed, there's practically no other business around that has more of what it takes, besides money, to make a restaurant successful. Not only do restaurant financing companies have the money to lend to those wanting to launch a new eatery, but they have the experience to give entrepreneurs what they need to succeed in the business. And it doesn't take much to understand that someone who has the specialized restaurant knowledge is in a far better position to help you succeed than someone who knows banking and that's all.
And while it's true that most of these folks couldn't begin to tell you how to put together a soufflé, they would be in a far better position to help you get a new restaurant off to a successful start than your standard bank loan officer. Further, because of their level of industry specific experience, they are in a far better position to evaluate the prospects of a restaurant venture than the average bank officer. Continuing experience that will help you continue on the road to success is also more readily available.
Further, with their industry specific knowledge, representatives of these companies are able to advise you long after the initial investment has been made. They are in an even better position to help you if after you are successful you want to expand your business.