Business Growth Capital offers a complete menu for start up and existing locations with Loans, Equipment Leasing, Point of Sale (POS), Credit Card Services and  Merchant Cash Advance to help your needs. Many options to choose from with amounts starting at $5000 and up to $3 Million per location. Fast Approvals in 24 hours and Funding in as little as 3 days on most programs.

A Restaurant Cash Advance is really a lump sum payment to a business in exchange for an agreed upon percentage of future credit card and/or debit card sales. The company authorizes the merchant cash advance business to take a percentage of its daily credit card income directly from the processor that clears and settles the credit card payments. When the debt has been met, usually in a year or less, the automatic deductions stop.

Merchant cash advance businesses are most often used by restaurant businesses that do not qualify for traditional bank loans. A business cash advance is a pricey offer verses interest on the bank loan, ranging from 10% up to 38% good interest. Merchant cash advances aren't loans - they are a sale of a part of future credit and/or debit card sales. Therefore, merchant cash advance companies claim they aren't bound by usury laws that would limit interest rates.

Despite cost restaurant cash advances structure offers many advantages over the format of a customary loans. Most importantly, payments to the merchant cash advance restaurant vary directly with the merchant's sales volumes, giving the merchant greater flexibility with which to manage their cash flow during a slow season. Additionally, the ease, simplicity and speed of the application procedure, as well as the reduced security position (i.e. behind that of the bank and landlord) related with merchant cash advances are substantial advantages.{ An illustration transaction is as follows: A business sells $25,000 of (part) of its future credit card sales for an immediate $20,000 lump sum payment from a finance company. The finance business then collects its part (usually 5-10%) from every credit card and/or debit card transaction until the full $25,000 is collected.

There are commonly three different repayment methods for business;

Split Withholding: When the credit card processing business automatically splits the credit card sales between the business and the merchant cash advance company per the agreed portion (usually 10% to 22%). This really is usually the most typical and desired way of collecting funds for both the customers and finance businesses since it is seamless.

Lock Box or Bank Account Withholding: The business's credit card sales are placed into bank account managed by the business cash advance company and the agreed upon portion is forwarded onto the business via ACH, EFT or cable. This really is the least preferred way since it results in a 1 day delay within the company receiving the funds of their credit card sales.

ACH Withholding: When the merchant cash advance company receives the credit card processing information and deducts its proportion straight from their checking account via ACH.

The process overall may appear to be complicated but it isn't. A professionally trained Business Growth Capital Representative can provide all the detail with no-obligation or risk to you.

Consider these benefits:

• No Application or Closing Fees
• No Prepayment Penalties
• Amounts up to $500,000 per location
• Immediate Approvals with Funding in 3 business days
• No Collateral
• Special Pricing Available Matched For Your Credit Scenario
• Remain with Current Merchant Processor