A small business cash advance can be your restaurant funding answer, when you need quick funding and reduced documentation requirements.
You as an eating place owner have at one time or another been faced with applying for a restaurant mortgage, possibly getting your loan request refused and faced rejection unless you experienced money to do your own self eating place financing.
Getting startup capital to open a restaurant is much more challenging it is for other non food businesses or retail businesses. Banks despise doing restaurant financing period due to the high failure rate associated with restaurant businesses.
The nice thing with the internet and article directories is that it gives 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 your real meaty info with material. The information is there online for free so that you can find and use to your advantage.
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. 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 method your solution.
* If you ever require out a loan for your restaurant and wish to legally keep it 100% totally private, prevent it from showing up within the 3 credit bureaus, prevent other creditors from knowing you applied for financing and received it, the business money advance or known also as the vendor cash advance is your new solution to the best way to 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 remove a business cash advance for your business
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You do not have to worry about rigid payments every month like you do with a bank
* Your approval process is in 48hrs not weeks
* You can get funded in about 10-14 days
* 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 deliver financial statements
* No lengthy application like you will get at your nearby bank
* If you are opening a restaurant and you need more funding certain companies provide financing in order to new start up restaurant owners who are ready to open in a few days and require extra working capital, this is not also possible with a local banker.
* If you just opened a restaurant and need more cash flow financing to help you make your leasing payments for a few months with your casual dining business, it is possible and not once again with your local banker.