A Merchant Cash Advance can help your Restaurant in many ways.
If it’s capital you need quickly for repairs, upgrades, employees,
whatever the need, business cash advances can be deposited quickly into your account and
help you grow.
Typically, if you don’t qualify for a bank
loan, and you are a restaurant business or something similar, this is the best
way to get funds quick.
Our cash advances are paid back in small
daily payments after you batch out your terminals or POS systems.
The best part is there are no lengthy
proposals that need to be written, no stacks of financials that need to be
provided. And a business cash advance can be used for any purpose you see fit!!
Do you have
old equipment that needs to be replaced?
With a merchant cash advance, you can get thousands of dollars up
front so you can fix equipment that you need to stay competitive. These things
usually get overlooked due to the high-traffic nature of the industry, but it’s
important to not cut corners. Even worse, what if a toilet is busted, or a
drain gets clogged? Stay in the game and on top of your business with a
merchant cash advance so your business doesn’t get constipated.
Do you want to expand and hire new entertainment to
draw in more customers?
Bringing in entertainment to
a restaurant has the potential to bring in a whole new network of guests to
your restaurant (if you do it right). It could be an accordion player during
Polish Fest at your ethnic bistro, or it could be a DJ for your swanky
Sunday disco party. Whatever you end up deciding, doing it “right” involves
doing your research and investing in high quality entertainment and marketing.
Unfortunately, one can’t just rely on a band or entertainers network of friends to
consistently bring in crowds week after week unless they have a massive
following, and even then, that only lasts so long. So, what does that mean for
you? Aside from the 3-600 per day/night you should expect to give your
performers, be prepared to spend another few hundred on flyers and Facebook
marketing.
Is it time for
a facelift or rebranding of your bar-restaurant?
Are you in a metropolitan
area that has hundreds of other bar restaurants within a ten mile radius? Then you
know image is key. You can see this all the time with restaurants, bars and
clubs if you just look. Plus, you don’t need millions of dollars – plenty of
smaller spots in more suburban/rural areas do this all the time for far less.
If you’ve been three, four years in the game without a makeover, don’t waste
any more time procrastinating the inevitable task of updating your look. Trends
change, don’t be caught on the tail end of that.
Is it the off season and you need a little capital to
make payroll?
When you don’t pay your
bartenders, waiters, promoters, etc., you hurt yourself and everyone else
working there. You do not want to be the owner with the reputation for paying
his staff last. The hospitality industry isn’t big enough for people to get
away with being late on payroll, and this will come back to haunt you eventually. Even if you have the
“best”, most trustworthy, friendly staff, being late on payments is a
reputation that spreads extremely quickly, and it doesn’t leave easily.
Employees will be nice to your face, but fear the worst and assume they are
getting shorted.
Contact NorthWest Finance and
apply for a Merchant Cash Advance today!!
