Is Your Business In Need Of a Restaurant Cash Advance?
Has something happened at your business lately that requires some quick financing? A restaurant cash advance may help you meet that need for working capital without slogging https://slickcashloan.com/rapid-cash.php through the huge amounts of paperwork you will see at the bank. Even better, the process is faster, allowing you to get the money in hand quicker.
A restaurant cash advance is a form of financing that is quick, straightforward and effective. You may not even know it, but, you have already gone beyond the first hurdle – your business have a credit card processing history. When you opened your merchant account so you may accept credit cards at your restaurant, you walked the first step towards becoming eligible for a factoring contract. The rest of the transaction is equally effortless.
Applying for financing via a factoring contract requests little by way of paperwork. You must have a minimum of 6 months in business, minimal $5,000 in monthly credit card volume and a reasonable – not perfect – credit score. Normally a 500 credit score will suffice. You can expect an answer in a day. Show me any bank that moves that rapidly! Upon approval, you are going to have access to the funds In less than 7-10 business days.
Repayment terms are established to move with the ebb and flow of every day business life. A lot of times you see extra patrons, others not so many, and the amount you pay back is dependent upon your credit card sales the entire time. It is the perfect program for a restaurant business like yours.
So, if you require a restaurant cash advance, look no further than your credit card processing account. Rapid access, reasonable requirements and manageable repayment terms are a perfect.