Funding Your Restaurant
Finding funding for a restaurant in New York City, or anywhere else in the United States, can be tricky. Many people do not realize the full extent of the costs involved. From cooking appliances to tables and chairs, not to mention permits and licenses, the expenses really add up. It may cause many formerly enthusiastic food service entrepreneurs to feel discouraged.
Luckily a Merchant Cash Advance (MCA) from Working Capital NYC is a great way to get funding quickly without jumping through some of the traditional financial hoops associated with banks. Many people find that it’s difficult to get funding for their business because they have poor personal credit histories. Merchant funding with us is different, because we look at the health of your business not your personal financial situation.
Getting small business funding is sometimes a long and complex process, but that is not the case with when working with us. Our business funding experts look at the amount of credit card sales a restaurant has per month, how long it has been in business and it’s potential for future profitability when making our funding decisions. Furthermore, unlike other methods of getting funding, an MCA does not show up on a credit report because it is a sales transaction not an extension of credit or loan.
Getting Started Is Easy
Without working capital, it will likely be extremely difficult and frustrating to make your restaurant fulfill the vision you have for it. Don’t let a lack of working capital prevent you from having a rewarding restaurant business. Take the next step to getting an MCA today, complete the contact form on this page to get started.