Bars, Restaurants, Nightclubs and Merchant Cash Advances.

Bars, Restaurants, Nightclubs and Merchant Cash Advances.

Do you own a restaurant or bar and are you in need of a financing source to help you with updated equipment? Perhaps you are in need of a new freezer or even new kitchen equipment. If you are not in the best position with your bank due to a low credit score but you still need some capital, consider a merchant cash advance.

Merchant Cash Advances have been helping businesses grow and thrive for many years; in fact in 2016 there were over 9 Billion dollars in MerchantCash Advances approved in the US alone. That is a lot of financial help going to small businesses of all types across the United States.

Merchant Cash Solutions

Restaurants Bars and Nightclubs often find themselves in need of cash flow that may be hard to find from a traditional lender. Banks like to see lots of paper work, they need to see past history and forward looking statements. Being in the hospitality business has always been risky for banks so they tend to make it difficult for borrowers.  

This is very unfortunate as most bar and restaurant owners pride themselves on running respectable businesses. Some reasons for capital needs simply run beyond their control.

Seasonal Slowdowns

It is easy to see how a hospitality business in a seasonal area may have difficulty carrying on thru the slow months. When it is summer and people are out doing the tourist thing ice cream and hot dog businesses thrive, so do nightclubs and restaurants. But what about when the crowds go away and the businesses are holding on relying on a fraction of the summer business totals? Do you think the bankers are going to jump in and help?

Merchant Cash Advance Companies like NorthWest Finance see this as an opportunity to reach out and provide an option to help thru the slim times. Businesses should know there are companies out there that are willing to take the risk and provide resources to float a business thru the hard winter months in time like seasonal drop-offs.

Restaurants Bars and Nightclubs can spend the down time upgrading systems like production facilities, kitchens, bathrooms dining areas etc. This down time can also be used for retooling menu’s or adding management to bolster their reputation.

All of these things take business capital and companies like Northwest Finance can offer that stability. It is as reliable as the sun rising and setting businesses are going to face seasonal downturns. Look at it this way if you live in an area that has awesome mountains and provides incredible skiing, your summers may be slow. In the opposite if you live in an area that get’s heavy foot traffic and you have a downtown area that relies on summer tourists your winters may be slow. It’s all about evening out those bumps and keeping the doors open until the next rush.

Successful companies utilize all the resources at their disposal and Merchant Cash Advances can be one of those arrows in the quiver.

Companies like Northwest Finance work with businesses nationwide. All types of businesses. If you accept credit cards you can be financed. Contact NorthWest Finance Today!!

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