About Expanding your Catering Business or Even your Coffee Shop? Try
Out Merchant Cash Advance
in business has its own share of uncertainties. Especially, any
business related to catering or the food industry. A lot goes into
estimating the right quantities. There may be days when business is
extremely fast and then again, days when business is a trickle. In
these situations, the right estimation on your part ensures that the
food does not get wasted and there is no wastage of raw materials.
After all, in the food business, serving fresh and tasty food is very
if you are a small business owner with a food catering business, how
would you be able to expand your business, without worrying about the
monthly payments? Are there any business funding options available
for Catering, Food Services, Coffee Shops, Franchises and Fast Food
yes. There are different options available apart from the regular
commercial bank loans. One of them is a business cash advance and/or
Merchant cash advance.
is Merchant cash advance different from other forms of business
you have a small business and are looking to expand it, the easiest
option available to you is in the form of a business cash advance.
catering business is doing great and you have confidence that you
will experience profits by expanding it. But the profits could be
seasonal, initially. And your credit history is not all that good.
And so, going in for commercial loans at higher interest rates and
stricter pay back terms is completely out of question. It is here
that business funding in the form of Merchant cash advance (MCA)
comes into picture.
is different from commercial loans as it is not a loan in the first
place. It is an advance given to the business in exchange for the
future revenues or sales, through the future credit card or debit
card sales. If your business has good sales through card
transactions, then you should easily qualify for a Merchant cash
Advance from a Merchant cash provider.
also gives you the flexibility to pay back in easier terms. If the
sales are good, then the amount that you can pay to your MCA provider
can be increased. Otherwise, it stays at a fixed percentage of the
daily debit and credit card revenue.
in MCA, the small businesses need not have any collateral. Even bad
credit is okay. Merchants havingNSFs also qualify for these forms of
Cash advance from Merchant cash advance companies.
kind of business funding is an alternative funding solution. It is
mainly beneficial for small businesses like yours, especially in the
catering and food industry, fast food restaurants and also coffee
shops and franchises.
process is very simple and easy to follow. Based on your past
revenue, you get Cash Advance from the Merchant cash advance company.
The amount that you will have to pay and the other payment terms are
mutually agreed upon by you and the merchant cash advance provider.
approval process is fairly simple and easy. Once the cash advance is
approved, you get the business funding for the expansion of your
business. You then remit a percentage of the sales to the company.
You end up paying the same amount for the agreed time period. You
will not have fixed monthly payments.
this kind of funding, you have a chance at expanding your business,
increasing the cash flow and profit, without worrying about the
other forms of business funding, the cash advance that you get from a
MCA provider can be used for many things. The foremost thing that you
will use it for, is expanding your catering business. But at the same
time, if you have multiple things lined up for expansion, you can use
the amount for the same.
example, Merchant cash advance can be used for the following:
from this, if you want to clear off a previous debt, you can use this
advance to clear the debt. You can also get a 2nd
position or 3rd
position funding from MCA providers.
you should remember that MCA is generally a short term kind of
funding and not a long term. The interest rates are on the higher
side. But they give you good flexibility, giving you time to increase
your business cash flow.
in touch with us
company will give you all the above-mentioned benefits and that extra
push for your business expansion. Our services also include 2nd
Position, 3rd Position, 4th and 5th Position funding. Our terms are
flexible and approval rates are very high.
in touch with us today, and see your business expand to greater