Merchant Cash Advances for Restaurants

No Need to Switch Processors

If your restaurant needs cash, a restaurant cash advance could be a great alternative to a traditional restaurant bank loan. Unlike a restaurant business loan, a restaurant cash advance provides immediate funding with no collateral, no personal guarantees, simple paperwork, and no fixed monthly payments.


Restaurant Cash Advances are quickly becoming an extremely important part of running a restaurant because capitol is very hard to obtain through banks in this tough economy and business cash loans are almost nonexistent.

In simple terms, our restaurant cash advance is an advance against your future Visa and Master Card sales. The repayments are taken automatically from your daily VISA and Master Card and other merchant sales, based on a small fixed percentage of the daily amount, until the balance is fully paid. Unlike a traditional restaurant bank loan, our restaurant cash advance has no fixed payment because it gets repaid from daily cash flow of your business. This means that your payments will change as your businesses cash flow changes, so in tighter months your payment is lower. As a leading provider of restaurant cash advances, we work hard to fund merchants across the United States

Our restaurant cash advance program provides the highest approval rates in the industry. Most of our clients are approved and funded within 7 days. Unlike most providers who limit the total dollars they can fund or who will only fund up to 100% of monthly processing volume, our program can offer up to 3 x's of monthly processing volume.

If you own a restaurant or are a business professional that works in the restaurant industry as a supplier please give us a call if you have any questions about cash advances for restaurants.

Rob Olson
Merchant Cash Advance America
1-888-881-0657

Merchant Cash Advances and Small Business Lending

Small Business Lending, Banks, And Why it’s Not Getting Any Easier

A familiar story around small business lending goes like this: Big banks are slow to assess small business owners, and they often view loans too risky to finance. Seeking faste approvals and easier credit standards, business owners take on alternative financing, paying higher borrowing costs for the business fast money.

There’s plenty of evidence to support that story. In the three years following the financial crisis, bank lending to small businesses worsened at twice the rate which other business lending slowed. And there is no shortage of alternative financing options—from providers of  merchant cash advances  to data-driven startup seeking to meet small businesses’ borrowing demands.

According to American Banker Mag, the 80 or so U.S. banks with more than $10 billion in assets made 46.5 percent of all small business loans in the fourth quarter of 2012, but were responsible for 66 percent of small business lending made in amounts of $100,000 or less. That large share doesn’t account for big banks’ reputed aversion to small loans. The explanation: American Banker’s Harry Terris writes that the $100,000-or-less category generally represents credit-card lending, and “has been roughly steady in a range of $84 billion to $88 billion since the third quarter of 2010.”

Beyond reaping higher interest rates than commercial loans, the appeal of credit cards is clear. They let “big banks cover a bigger piece of the market without having to involve underwriting teams,”

A reminder for Main Street borrowers who can’t get a loan but can get a business credit card: The Credit Card Accountability, Responsibility, & Disclosure (CARD) Act of 2009 created a number of protections for credit-card borrowers. Those protections aren’t standard for most business accounts, but there are reasons to believe they may become so in coming years.

So what is available to small businesses is take out cash on a credit card or try like the old days and fund your business thru Visa and Mastercard, a riskiy proposition - or obtain a merchant cash advance utilizing a portion of your businesses future sales as leverage to obtain financing today. With no personal guarantee necessary. 

If you have an interest in discussing your options contact:

Rob Olson

Merchant Cash Advance America

1-888-881-0657 ext 707

 

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Merchant Cash Advance, The Differences Between MCA'S And Traditional Bank Financing

Many financial institutions such as banks and credit unions promote flexible and fast loan servicing, however, a merchant cash advance has become the go to source for many businesses. There are several differences between a cash advance and a loan.

Banks are often seen as the prime source for business loans. In order to obtain a loan from a bank, a business owner would need to produce a favorable credit rating among several other factors. In this environment, not many business owners have a great credit score or one good enough to get a reliable bank loan. Also, because of the economy, not many banks are financing loans anymore.

Many small businesses are being negatively affected by these changes. Financing for new business equipment and other business necessities is harder and harder to come by as a result and many businesses have had two choices to close or downsize. This is where a merchant cash advance can be a huge advantage to a struggling business.

Unlike a bank which may be restricting the lending criteria beyond most reasonable criteria. A cash advance is less limiting on loans. It is also rather flexible as payments can be made based on profits made each month. In essence, businesses will be able to pay less when they are not making as much money and pay more as business expands. This offers many businesses relief as they will not have a set payment amount of money each month. They are able to pay what they can depending on revenues month to month.

Merchant Cash Advances are also much faster than a bank loan. A bank loan may take weeks to obtain due to the regulations and the amount of paperwork and processing required while an advance takes up to (in most cases) a couple of days. Usually, a company that offers these services will need some information such as the businesses; history and credit card sale records. Once these are provided, obtaining a merchant cash advance won’t take very long making it a prime resource for struggling businesses nationwide.

If you are interested in Merchant Cash Advances, for a no obligation assessment of your needs, contact:

Rob Olson,
Owner
Merchant Cash Advance America
1-888-881-0657 ext 707




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Merchant Cash Advances and how to use them

You will find that a merchant cash advance would come in quite handy for you when you need to have funding for your business, however like all other financial products, a business cash advance is also a loan that accrues interest which means you need to be careful with its use.

 In order to be on the safe side, you must always take out a business cash advance loan only if you have a pressing need to help complete important business projects, purchase equipment, pay off taxes, add inventory, purchase new facilities, and many more options. After you have taken out a loan out, make sure you repay or at least start making contributions towards repayment as soon as possible. This is because, the way that a cash advance works is, the longer you take to repay your borrowings, the more you will have to pay towards interest and charges and this could prove to be a problem for you in future.

So, make sure you talk your requirements to a qualified Merchant Cash Advance professional so that you could get something out of them which would work best for your business ambitions. And, make sure you have plans in place to clear your debt as soon as possible so that you could pave way for more credit which would mean more projects getting completed for you.

Rob Olson, Owner
Quantum Merchant Services
Merchant Cash Advance America
1-888-881-0657 ext 707
No need to switch processors

Merchant Cash Advances on the Uptick

Merchant Cash Advances on the Rise

Merchant Cash Advances, which first appeared about a decade ago, provide capital in exchange for a share of future debit- or credit-card sales. As such, they tend to be used by retailers, restaurants and other small businesses where a large number of customers pay with cards. Providers typically charge between 8% and 10% of gross sales against the advance, though some charge far more.

Business owners use the cash to buy new equipment, restock inventory or pay off debt, according to the North American Merchant Advance Association, a trade group launched in 2008.

In May, a study found more than half of 250 small businesses it analyzed weren’t qualified for traditional bank loans and would need to seek other sources, such as merchant cash advances, factoring and unsecured lines of credit. Many of these businesses would face charges of more than 23% in annual interest and fees, the study found.

The years “2008, 2009 and 2010 were not easy for U.S. merchants,”  most business owners appear to turn to merchant cash advances only after being rejected by a bank.

Even though we have seen a turn in business since 2012, cash advances continue to be sought after by small businesses. Banks are still pretty tight with their lending criteria and that makes merchant cash advances a pretty attractive option.

Rob Olson
Quantum Merchant Services
Merchant Cash Advance America
1-888-881-0657 ext 707

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Merchant Cash Advance VS Business Cash Advance

The Difference Between MCA and BCA

Many web searches today for small business finance will bring up several different options. Two of those options are Merchant Cash Advances and Business Cash Advances.

A Merchant Cash Advance is simply selling a portion of your future credit card sales for capital needed today. This capital can be used for any purpose and most types of businesses are eligible to apply. A Merchant Cash Advance professional can help you determine if this type of finance is right for you.

A Business cash advance is pretty mush just another way of saying the same thing however at Merchant Cash Advance America we have been able to expand that a little.

When you think of Merchants you typically think of businesses like your local Flower Shop, Meat Market, Convenience store etc. And for the most part these businesses accept credit cards, making it a no brainer for a Business Cash Advance.

MCAA takes it one step further and allows businesses that do not accept credit cards to also apply. In the same way Merchants are selling a portion of their future credit card processing sales a Business that currently does not accept credit cards can sell a portion of their sales. In this case we look at the business bank deposits, calculate a portion of those sales and make an advance offer based on those numbers. It's pretty much the same but it opens up Cash Advances to companies that were previously unable to apply for this type of finance.

If you are interested in a Cash Advance or simply have more questions please feel free to contact us at any time. You can be eligible for up to $250,000 in as little as 72 hours.

Merchant Cash Advance America
A Quantum Merchant Services Company
Rob Olson, President
1-888-881-0657 EXT 707
7300 Hudson Blvd
Oakdale, MN 55128

Merchant Cash Advance and Growing Businesses

Owners of growing businesses who do not have a good credit card history can turn to a Merchant Cash Advance to get their company funded. The advantage of getting a merchant cash advance (MCA) is that your business will have the chance to get funded while it is still growing and does not yet posses a good credit history or sales record.

Because of the high numbers of small business owners that are rejected in obtaining a traditional bank loan, more and more entrepreneurs go for a merchant cash advance instead. They offer easier and much quicker funding for any type of developing businesses without the need for complicated agreements.

The MCA funding process is basically a form of credit card factoring. Here, selling a percentage of your daily credit card sales to the MCA provider is done instead of  utilizing physical collateral and loan guarantees. 

The underwriters will calculate all the sales your business is having through your registered credit card account. The repayment money will be deducted from your business’ monthly sales to the cash advance lender. The process will continue until the cash advance is completely paid.

 If your business has improved and the credit sales rise, the MCA provider will get repaid a lot quicker. In case there are no improvements and the sales did not increase, there will be no risks on your behalf and the cash advance lender will not take legal actions against you. That is the advantage of having no collateral and strict agreements.

Merchant cash advance offers a fast method of obtaining capital, so that your business will get funded right away. Just a few days after your application for the cash advance has been approved, the money will be forwarded to your account. There are also no need for any processing fees or upfront money.

Upon presenting the said requirements, the underwriters will evaluate your application for a credit cardsales advance. All you need to do is wait for a little while and the cash will instantly be forwarded o your account.

That is how easy Merchant Cash Advance works! It gives your business the chance to get funded even while are struggling with financial issues.

Contact Us Today and Get Funded

Rob Olson

1-888-881-0657 xt 707 
7300 Hudson Blvd
Oakdale, MN. 55128