Unlike a traditional unsecured business loan, a Restaurant Merchant Cash Advance works by raising finance against your future credit card sales. You can borrow up to 100% of your average monthly card income, a small percentage of every card transaction is then paid back until the advance has been fully repaid.
You can use your Restaurant Merchant Cash Advance for any purpose including:
It is a great way to find the cash injection your business needs without the fuss and lengthy time-frames associated with business finance. Apply now to get your FREE no-obligation quick quote today.
Merchant cash advance has many benefits for an SME business including:
A small percentage (usually 10-25%) of your future credit and debit card sales are deducted from each transaction until the advance if fully repaid. There’s no fixed monthly term as you simply pay back based on your businesses performance. For example, you pay it back less when you have a slow month but you back it back sooner when your have a busier month – It works in line with your cash-flow and business performance.
To qualify for a merchant cash advance, your business must:
If you don’t meet this criteria, don’t worry! We have a wide range of other business finance options available for you.