Your own business cash advance can be your restaurant funding remedy, when you need quick funding and lower documentation requirements.
You as an eating place owner have at one time or another already been faced with applying for a restaurant loan, possibly getting your loan request refused and faced rejection unless you had money to do your own self restaurant financing.
Getting startup capital to open a restaurant is much more challenging then it is for other non food businesses or retail businesses. Banks do not like doing restaurant financing period because of the high failure rate associated with cafe businesses.
The nice thing using the internet and article directories is that it offers you immediate access to great loan details and options. You can receive excellent advice to help you with your restaurant company, if you sort out the fluff from the real meaty info with element. The information is there online for free for you to find and use to your benefit.
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How Does The Business Cash Advance Differ From Other Types Of Financing
* It is not a business loan or cannot be called a business loan because there is not an interest rate attached with the loan or a monthly fixed payment you have to pay every month. Because it is not a small business loan it does not obtain reported by the finance company that provides financing to you. If you ever need a fast easy to apply unsecured business mortgage or business line of credit that not require you to provide collateral this cash advance system is your solution.
* If you ever require out a loan for your restaurant and want to legally keep it 100% totally personal, prevent it from showing up within the 3 credit bureaus, prevent other lenders from knowing you applied for funding and received it, the business money advance or known also as the merchant cash advance is your new solution to how you can do it legally any time you need a mortgage and wish total anonymity.
* Does not affect your credit score since Experian, Transunion, Equifax, do not know when you take out a business cash advance for your business
* You do not have to worry about rigid payments each month like you do with a bank
* Your approval process is in 48hrs not weeks
* You can get funded in about 10-14 days
2. You do not have to put up collateral like you do at a bank
* There is no need to provide tax returns
* You do not have to give financial statements
* No lengthy application like you will get at your nearby bank
* If you are opening the restaurant and you need more funding certain companies provide financing to new start up restaurant owners that are ready to open in a few days and need extra working capital, this is not also possible with a local banker.
2. If you just opened a cafe and need more cash flow funding to help you make your leasing payments for a few months with your casual eating business, it is possible and not once again with your local banker.
* Payments are created automatically from your credit card merchant account through a percentage of each credit card transaction your business makes, does not require you to keep in mind one more payment you have to make reducing stress and worries about making past due payments and paying a penalty.