Get working capital today... so you can grow your restaurant tomorrow!
We Are Excellent For Restaurants, Bars & Nightclubs
Many restaurant owners have discovered the hard way, that their industry's relatively high failure rate has made banks hesitant to provide financing for restaurants, even when the loan is sometimes guaranteed by the SBA.
This makes Wholesale Merchant Cash Advance a very important source of funding for the bar and food service industries. For many restaurants, the most accessible form of funding is our merchant cash advance, which can provide up to $500,000 in funding within just a few days!
Our merchant cash advance is not a loan; it is a purchase and sale agreement where you receive a discounted lump-sum payment in return for a portion of your restaurant's future credit/debit card sales.
For example, our funding partner might pay you $20,000 up front for the right to $25,000 of your restaurant's future sales. Discounts vary according to the specific terms of your agreement, but generally range from 17 to 40 cents per dollar funded.
Repayment is automated; your funding partner will receive a fixed percentage of your daily credit/debit card sales directly from your payment processing system. The repayment term can vary, but most agreements schedule full repayment within six to 12 months.
Since repayment is based on a predetermined percentage of your daily credit/debit card sales, the amount you repay will vary each day. When business is up, you'll repay more; when business is down you'll repay less. This flexible repayment makes a merchant cash advance an attractive option for restaurants, bars and the travel industry, that experience seasonal and other income fluctuations.
Our merchant cash advance is initiated with our simple one-page application. Once you've submitted the application, you'll be presented with several funding partners offers. Once you choose the one you want, your money will be deposited directly in your business bank account, usually within 3-days. Availability of our merchant cash advance funding is based on the strength of your business, so if you're a restaurant, with a verifiable record of credit card sales. You will usually qualify even if you've already been turned down for a conventional bank loan. Similarly, you won't be disqualified if you have a tax lien with a payment plan, or if you have a bankruptcy that has been discharged.