Restaurant Funding California
Restaurant funding in California can be as difficult as any other state, and you can capitalize on a company that helps California restaurant owners opening a restaurant.
How Can You Get More Financing If You Are Opening A Restaurant In 30-90 Days
Whether you are located in orange county in California seeking restaurant funding or located in san diego you are eligible to get additional working capital financing.
Example: If you were to go to a local bank and tell them that you are short and opening a restaurant in orange county california in 2 weeks, do you think they will give you a loan. The chances are very highly unlikely they will and expect more then likely a very big “NO”!
Especially now with all the foreclosures and mortgage mess in California, it will just be harder to get funded. The solution to anyone in the restaurant business in California is to educate yourself quickly if possible today even, right now so that you will be prepared to make a sound decision.
The cash flow financing solution for new restaurant owners or existing restaurant operators already open for more then 2 years, is by far one of the most creative financial products created to address this very specific need and niche in the food and hospitality industry.
This product created will allow the Californian new restaurant owner opening a restaurant to get an additional up to $50,000 for working capital. They are not asking for collateral, tax returns, financial statements which your local bank will definitely do, in my opinion absolutely awesome.
What Is This Merchant Cash Advance And How Can You Use It Correctly
The merchant cash advance, is not a loan since you will not pay every month a set amount based on a interest rate like loans at a bank.
If you are earning lets say $2,000 a week x 4 months = $8,000 for the month they will advance you based on your last 4 merchant account statements, now they will advance roughly about $6,500-$7,100 based on your credit card transactions at your restaurant.
Works against your merchant account and the finance company purchase a pre-determined amount of Visa/MasterCard sales receipts from you at a discounted rate, then advance the money to you in 10-14 days.
So if you are seeking restaurant funding in California, the one that may be able to help is someone that does national restaurant funding for the state of California. To find out more apply now