Small Business Working Capital for Restaurants

Below is a case study for a restaruant that needed working capital and had difficulty getting a working capital loan from the bank.

We have a small restaurant in a California beach town. The business has been around for several years before we purchased it in 2003. We love our restaurant and have a pretty steady and loyal customer base. We earn a decent living and are able to pay off our loans and make ends meet. We are truly living the American dream.

Like many small business owners, we have a vision for our business. We had plans that we believed could really make our restaurant even better and more profitable than it currently is. But with our outstanding debt and mistakes I’ve made in the past; it has been nearly impossible to get a new loan from our bank. Our busiest season is right around the corner and we need to act quickly if we are going to take advantage of it.

One day a small catastrophe struck; our walk-in refrigerator broke down. I know it’s not a huge deal but this left us with a problem; our plans involved of getting a new walk-in to accommodate our expansion and I really didn’t want to spend the money to get our current one fixed because it is too small anyway.

I had heard about business cash advances in the past but I never really considered getting one. I guess maybe I didn’t trust them. Because we were running out of options and time, I decided to look into it a little more. I did some research on the Internet and found the process to be pretty straight forward; they would purchase a portion of my future credit card sales and I would pay them back with a percentage of my daily credit card sales. For whatever reason… maybe fate, I called myworkingcapital.org.

The person I spoke with was very informative, courteous and professional. He informed me that based upon my current credit card sales, we were illegible for merchant loan of $120K and that I do not have to offer them any collateral.  The best part is that I could have the funds within 7 days. After speaking to my wife we decided to go for it.

It was amazing. We got the cash transferred directly into our bank account in 7 days as promised. We were able to expand our restaurant and update our kitchen and dining rooms quickly, just in time for our busy season. We even had money left over to do some marketing. And yes, we got rid of that small refrigerator.

The restaurant turned out even better than we could have imagined. The local community has responded very well and our marketing efforts have really paid off. Our business has nearly doubled and we have the kitchen and dining room space to accommodate everyone.

One of the best parts is that we hardly felt that we were paying back the advance at all. Since we pay them back by using only a small percentage of our daily credit card sales; on the slow days we pay less and on busy days we pay more.  It is all done automatically and effortlessly.

I would totally recommend getting a business cash advance and I would highly recommend MyWorkingCapital.org as a partner in your future. They have been awesome and I will certainly use them again. And if I ever find myself in a position that I need cash quickly, I can use them to get the cash within 48 hours since I am an established customer.

Working Capital for restaurants Learn how a merchant loan can help your restaurant succeed.		Merchant Loans for bad credit How can you get working capital even if you have les than perfect credit.

How to get started on a working capital merchant loan

To qualify for a business cash advance (merchant loan) you will need the following;

• You must be in business for at least 4 months.
• Accept MasterCard and Visa.
• Process a minimum of $2,500 a month in credit card sales.

If you meet these qualifications, simply fill out the form on the left. It takes about 24 hours for approval and 7 days for the working capital to be deposited directly into your business bank account.

Working capital for small business

We have helped thousands of businesses get the working capital loans they needed to maintain or grow. Many of these businesses had very limited options and without our support, may very well have gone under.

Here is a brief summary of some of the businesses that have trusted us for their working capital funding.

Instant Merchant Loan Calculator Instantly discover how much we can advance your business Monthly credit cards sales: Monthly gross sales: