A small business cash advance can be your restaurant funding solution, when you need quick funding and reduced documentation requirements.
You as a cafe owner have at one time or another already been faced with applying for a restaurant mortgage, possibly getting your loan request refused and faced rejection unless you got money to do your own self cafe financing.
Getting startup capital to open a restaurant is much more challenging it is for other non food companies or retail businesses. Banks despise doing restaurant financing period because of the high failure rate associated with restaurant businesses.
The nice thing using the internet and article directories is that it gives you immediate access to great loan details and options. You can receive great advice to help you with your restaurant business, if you sort out the fluff in the real meaty info with chemical. The information is there online for free so that you can find and use to your advantage.
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How Does The Business Cash Advance Differ From Other forms Of Financing
* It is not a company 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. Since it is not a small business loan it does not get 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 product is your solution.
* If you ever need to take out a loan for your restaurant and wish to legally keep it 100% totally personal, prevent it from showing up in the 3 credit bureaus, prevent other creditors from knowing you applied for financing and received it, the business cash loan or known also as the service provider cash advance is your new solution to how to do it legally any time you need a mortgage and wish total anonymity.
2. Does not affect your credit score since Experian, Transunion, Equifax, do not know when you take out a business cash advance for your business
2. 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 financed in about 10-14 days
2. You do not have to put up collateral like you do at a bank
* You do not have to provide tax returns
* You do not have to offer financial statements
* No long application like you will get at your nearby bank
* If you are opening the restaurant and you need more financing certain companies provide financing to new start up restaurant owners who are ready to open in a few days and need extra working capital, this is not actually possible with a local banker.
2. If you just opened a cafe and need more cash flow financing to help you make your leasing payments for a few months with your casual eating business, it is possible and not once again together with your local banker.
* Payments are made automatically from your credit card merchant account through a percentage of each credit card transaction your business makes, does not require you to remember one more payment you have to make reducing tension and worries about making late payments and paying a penalty.