Restaurants Should Seriously Consider a Merchant Cash Advance

by Mark Finkelstein

Restaurants by the very nature of their operations are a natural fit for merchant cash advances. Having a merchant cash advance can allow your restaurant to thrive. You’ll have financing to put towards achieving your restaurant’s goals, and can remit your advance at the pace of your restaurant’s sales.

A simple application process – If you’re applying for a merchant cash advance from a trusted alternative lender, there will be certain standards. For instance, they’ll want to see your most recent credit card statements. This is to ensure that your business receives enough credit card transactions to successfully utilize and remit this product. Overall, the application process shouldn’t be too complex. If your business frequently receives credit card transactions, and you run your business in a responsible manner, your application process should take a few minutes.
A high approval rate – Merchant cash advances for restaurants have a high approval rate because an important part of their evaluation is the consistency of daily cash deposits. Restaurants are natural fits for these evaluations. While getting approved for some financing products rely heavily on your credit score, this isn’t the case for merchant funding.
Have money to grow your business – Once you receive a restaurant cash advance, you’ll have money available to use for whatever your restaurant is currently lacking. Perhaps your restaurant’s interior could use some TLC, or you’re frequently understaffed. Getting a restaurant cash advance will enable you to proactively invest in areas of your business that need to be enhanced.
Have money for emergencies – Perhaps you don’t have any major ideas for improving your restaurant. Still, you can’t predict the future! What if your restaurant experiences an unforeseen emergency, such as having an oven break or running out of required inventory? If you have a merchant cash advance, you’ll have the peace of mind and will be able to navigate these unexpected twists and turns that come with running a small business.
5. Flexibility based on your business’s sales – With restaurant merchant funding, remittance is based on your business’s future credit card sales. Therefore, if your restaurant goes through a lull in sales, you won’t be expected to remit a set amount.

We Have Over 150 Combined Years In Your Shoes

Sitting Up Nights

I was in the furniture business for many years and, at times, knew that I had to make a choice between putting inventory on the floor or making payroll. It wasn't bad planning or poor decisions, it was situations that were out of my control. Even though I could not control bad weather or an employer laying off workers in the area, the buck stopped with me. Laying up nights, fretting over what to do, much less being able to take my own salary, affected my business and my family.

I know owning a small business is both exhilarating and painful. There are times where the money is just not there to do what you need to do, whether it is a short‐term emergency or taking advantage of a unique situation to grow your business. Just like me, the buck stops with you. We both know it is impossible to deal with a bank these days. You know that for over a decade, banks have had no interest in helping small businesses.

AYN Capital Funding

2018-05-17T01:55:27-04:00

I was in the furniture business for many years and, at times, knew that I had to make a choice between putting inventory on the floor or making payroll. It wasn't bad planning or poor decisions, it was situations that were out of my control. Even though I could not control bad weather or an employer laying off workers in the area, the buck stopped with me. Laying up nights, fretting over what to do, much less being able to take my own salary, affected my business and my family. I know owning a small business is both exhilarating and painful. There are times where the money is just not there to do what you need to do, whether it is a short‐term emergency or taking advantage of a unique situation to grow your business. Just like me, the buck stops with you. We both know it is impossible to deal with a bank these days. You know that for over a decade, banks have had no interest in helping small businesses.

https://goldstandardfundingsolutions.com/testimonials/sitting-up-nights/

Taking Advantage of Opportunities

There is another side to the story. While problems face all of us, you also need to be able to take advantages of unique opportunities when they occur to help grow your business. We both know that these opportunities do not come around that often, and when they do, you will need additional funding to make the move. Whether it is opening a new location, taking advantage of an incredible buying opportunity or the closing of a major competitor, knowing that you have the funds available allows you to take advantage of the situation immediately. Not taking advantage makes no sense. You know that your bank has no interest in working with you.

AYN Capital Funding

2018-05-17T01:56:24-04:00

https://goldstandardfundingsolutions.com/testimonials/taking-advantage-of-opportunities/

Is MCA Funding Really That Expensive

For all of us, the bottom‐line with regard to making the decision to go with a Merchant Cash Advance, is the nagging question ‐ it looks so darn expensive.

When I faced that question, it took me a bit to realize that the answer was right in front on me ‐ compared to what. I realized that comparing it to bank loans made no sense since these were totally unavailable. The comparison is simply one which looks at the cost of not taking advantage of an opportunity or helping to bridge an emergency situation.

Ask yourself, what will it mean to me and my business if I don't move on that truckload of discounted inventory or what if that blown HVAC system makes it impossible for customers to be in the store. We all face these decisions at some point.

AYN Capital Funding

2018-05-17T02:14:05-04:00

For all of us, the bottom‐line with regard to making the decision to go with a Merchant Cash Advance, is the nagging question ‐ it looks so darn expensive. When I faced that question, it took me a bit to realize that the answer was right in front on me ‐ compared to what. I realized that comparing it to bank loans made no sense since these were totally unavailable. The comparison is simply one which looks at the cost of not taking advantage of an opportunity or helping to bridge an emergency situation. Ask yourself, what will it mean to me and my business if I don't move on that truckload of discounted inventory or what if that blown HVAC system makes it impossible for customers to be in the store. We all face these decisions at some point.

https://goldstandardfundingsolutions.com/testimonials/is-mca-funding-really-that-expensive/

Make Sure You’re a Client and Not Just a Commission Check

I remember receiving emails promising unlimited amounts of money, stating that everyone is qualified and payback terms were close to insignificant. All of these emails are from brokers that never owned or managed a business, didn't understand what I faced everyday and were only concerned with how much commission they would make by selling me.

Then one day, I accidentally clicked on an email that talked about my situation, from someone that sounded like they knew what I was going through. Your time, like my time, is valuable, and there is never enough in a day. Do we want to provide funding to you, of course. But our objective is to develop a long‐term relationship with you, helping you to get your business to new levels.

AYN Capital Funding

2018-05-17T02:16:39-04:00

I remember receiving emails promising unlimited amounts of money, stating that everyone is qualified and payback terms were close to insignificant. All of these emails are from brokers that never owned or managed a business, didn't understand what I faced everyday and were only concerned with how much commission they would make by selling me. Then one day, I accidentally clicked on an email that talked about my situation, from someone that sounded like they knew what I was going through. Your time, like my time, is valuable, and there is never enough in a day. Do we want to provide funding to you, of course. But our objective is to develop a long‐term relationship with you, helping you to get your business to new levels.

https://goldstandardfundingsolutions.com/testimonials/make-sure-your-a-client-and-not-just-a-commission-check/

AYN Capital Funding