Expanding Your Restaurant With A Merchant Cash Advance
There is no better time than the present to expand your restaurant. The economy is puttering along and there are serious deals available on mortgages and rental space, equipment and machinery, even silverware can be had at a really good price. Contractors are willing to take less just to keep working. There are business financing options you can use to finance your expansion and take your restaurant to the next level.
You might not be aware of it but your restaurant is eligible for a merchant cash advance. This is a business loan that is given to existing companies that process credit cards. It is an exchange of financing up-front against future revenue. The cash advance can be utilized however you see fit, there are no restrictions. With all of the bargains wasting away in our cash strapped society it is critical that you take the initiative today and advance your business. When you see a competitor building up his or her business and you are wondering how they can afford it during these difficult times, there is a good chance they are one step ahead of you and have already begun using the capital financing made available to them.
Many of our clients have began purchasing new and used equipment for their restaurants. If you look on Ebay you will see restaurant machinery and equipment with mark downs as much as 50 percent or more. This type of buyers market for all the equipment you can use to expand your restaurant will not last forever. It is not just the equipment that is available at rock bottom prices.
Many clients are choosing to use their merchant cash advance to purchase the buildings that they currently lease. You don’t know it but there is a good chance that your landlord is in foreclosure. Not only that, but real estate prices are fantastic and mortgages are at the lowest levels in 30 years. Real estate owners are willing to negotiate more than ever just to release some of their properties. It is time to take advantage of the situation.
You don’t have to buy a building to expand your restaurant, you can also do some construction and either add or utilize your space more effectively. That’s what makes a merchant cash advance such a good business tool, you can use the money wherever you think you can capitalize. Contractors have been struggling for several years now and they are willing to bid low on projects just to keep their teams working. Solicit 3 bids for any work you plan on doing, and you will be surprised how cheap it can be to expand or embellish your location.
Expanding your restaurant doesn’t always mean you have to buy more equipment or increase your space, many clients are using their merchant cash advances to advertise. The internet has made the advertising market very competitive, and television commercials and print ads are practically being given away. Expand your restaurant’s market share by reaching out to the customers that have not heard of you. Offer some incentives in your ads and before you know it you might see double digit increases in your market share.
There are so many ways you could use a merchant cash advance to expand your business. These are just some examples, but there are so many other ways you can use a cash advance to make your business grow. There are a long list of websites with free applications online where you can apply for a merchant cash advance without ever having to leave work. You can get approved within 24 hours and have the money in your account in less than 72 hours. Stay ahead of your competition and take your restaurant to the next level by securing a merchant cash advance for your restaurant today.