Tuesday, June 12, 2018

Restaurant Merchant Cash Advances


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.

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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!!

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