Operating a restaurant is a tough job. Doing it well takes a considerable amount of time, money, effort, and skill. When it comes to the money part, a merchant cash advance can help you keep your restaurant going strong.
A merchant cash advance provider is an alternative lender that gives cash to restaurants in exchange for a portion of future sales. Rather than paying back the loan with fixed monthly payments, as you do with a traditional loan, you pay back the loan by giving the lender a percentage of your daily credit card receipts until the loan and interest are repaid. A predominant benefit of this type of financing is that you get the cash quickly. Even the application process is fast and easy. You can use that cash to enhance your restaurant in a number of ways.
23 Nov 2014
The one thing every business in today’s world should expect is the unexpected. This is especially the case with working capital and cash flow. It can be next to impossible to forecast changes in the coming weeks, months, or years that could have an unexpected financial impact on a business. This is why it’s important to prepare for such possibilities ahead of time by learning more about working capital loans.
01 Oct 2014
A solid business plan gets you off the ground, keeps you afloat and allows you to leave a legacy for others to follow. Staying on the path means learning from your mistakes or not making ones that could cripple you. There’s a world of advice out there that helps you with your strategy and identity, and hard and fast rules about your plan give you the knowledge you need to thrive. Knowing what business mistakes to avoid puts you on the right track to being smart, successful and profitable.
13 Sep 2014
If you are the owner of a small business, organizing your business finance is extremely important. Without a well-thought out system you will not be as effective at operating day-to-day and you may run into trouble when you must report your earnings at tax time. Here are five tips to keeping your books straight, even if you are not a natural organizer.
02 Aug 2014
Contrary to popular belief, there are not many grants and free money programs available for entrepreneurs that want to start their own business. Even though many banks and lenders are traditionally not very generous to entrepreneurs, there are plenty of SBA start up loans available for small business owners to use to get their business off the ground and on the right track. With the right approach, you can secure the funding you need and use it in a variety of ways to increase the longevity and profitability of your business.
Many medical practices are not aware of the benefits of medical receivables factoring. Most practices, however, are quite familiar with the complications of billing for services to third party insurance companies and government institutions such as Medicare. Receivables factoring helps fill the gap in cash flow between billing and reimbursement.
02 Jun 2014
Simply put, asset based lending is any financing secured through the use of an asset as collateral. The asset might be available inventory, or it might be accounts receivable. This lending method is used when a typical bank loan or selling bonds to investors through capital markets are not options.