Credit Card Receivables Financing.......

A Restauranteurs Lifesaver

There are a few funding companies that offer a revolutionary new financing program designed to help their clients manage their cash needs by providing them with a more responsive alternative to traditional bank lending. This product offers a new and easy way to finance their clients business operations. . So if a restaurant is remodeling, expanding, buying new equipment, launching an advertising program - or whatever their working capital needs are, they can contact a cash flow consultant for information about this great product. This is not a bank loan. There are none of the traditional bank hassles. Loans are made in days...not weeks.  Loan payment is based on a percentage of clients future credit card sales. Read more to see if you qualify.

How Can I qualify?

You must have been in business for more than 6 months and have at least a minimum of six months of credit card sales, and meet other simple requirements. Funding companies may be able to provide funding even if your company does not meet the above requirement if the credit history of the owner warrants such decision.

Why Borrow?

Restaurants need money to operate. One of the leading causes of business failure is cash flow problems. When restaurants attempt to get money from their banks, they are turned down 92% of the time. If you find yourself needing cash quickly to cover short-term needs, this program may be for you. If you have been rejected for a conventional bank loan, this program may be perfect for you. Many  customers use the money for business-building needs like adding more seats to their restaurants, purchasing more equipment, advertising or stocking up on seasonal merchandise. Others have used it for emergency needs like unforeseen maintenance issues that could hamper or slow down your business. Whatever your needs are, they can be accomplished by this type of financing.

Payment
Payment is made automatically by withholding from the merchant’s daily credit card batch settlement. Standard withholding percentage is 15% of VISA/MC sales. If the advance amount is more than 70% of the monthly volume, the withholding percentage will be higher accordingly.

The cost of this type of financial transaction can vary. However, it is more expensive than a lot of financial vehicles. Contact a cash flow consultant to see if this is the best financial process for you. 

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