Restaurant Financing and Cash Advances

1. Blog 2: WallFunding.com RESTAURANT FINANCING AND CASH ADVANCES As a business owner, I have often wondered that the most difficult part of running your own business is acquiring cash for maintenance and sustenance of its growth. This becomes even truer when you are into the hospitality industryand are looking for a business loanto upgrade your services. No doubt the food and hospitality industry is extremely promising in terms of profits, but with the number of restaurants increasing in every area, the segment has become highly competitive giving rise to the misconception that restaurants have higher failure rates. To make matters worse, with such disappointing views, it becomes more difficult to get finance especially from traditional sources where bad credit means a simple NO. Thankfully with the option of business financing through cash advances, restaurant owners have a remarkable option to take care of their financing requirements. A business cash advance is unique financing instrument in that they advance you money by purchasing a portion of your future unprocessed sales receivables which you pay back automatically through a small percentage of your credit sales by using your POS machine. Before one of my friends told me about this option, I could not believe that someone with a credit score of 450 could be eligible for anything, let alone a $50,000.00 business cash advance or more. This is a godsend option for Small business owners who were looking for loans for businesses withno credit or had bad credit score. Business cash advances have helped me get the financing needed to grow my restaurant business.