Restaurant Funding works to make the application and approval process as fast, easy and simple as possible when you need cash to help your restaurant grow. It takes only minutes to apply and get approved for up to $500,000 in business funding. This page will walk you through the funding process at Restaurant Funding to make everything as straight-forward as possible.
1. Contact Us & Apply
If you have been in business for at least 6 months and make gross monthly revenue of at least $10,000, we encourage you to apply for restaurant funding. Simply take a moment to fill out the contact form above or call us today at 855-265-3380 to get the ball rolling.
Once you do, we will walk you through the process of completing an application and explain our funding programs. This is completely free to you and there is no obligation of any kind to apply.
2. Get Qualified
The vast majority (more than 95%!) of restaurant owners who meet our minimum requirements get funding. Once you qualify, your personal representative will walk you through the process and an underwriter will create a personalized Merchant Cash Advance plan customized to accommodate your goals — both long- and short-term.
At this stage, we will need some additional information from you to determine just how much funding you qualify to receive. We will need three months of bank statements and credit card processing statements (if available).
You can still qualify for a Merchant Cash Advance even if your restaurant does not process credit cards. We specialize in alternatives to traditional business loans, and we have a variety of programs available. You can qualify even with bad credit or outstanding loans, so do not hesitate to contact us today!
3. Get Funding
Once you’re approved, the cash you have been approved for will appear in your bank account within the next business day. You can use this money for anything you like in relation to your business, whether it’s expanding, paying employees, hiring new staff, buying or maintaining equipment or anything else!
Repayment of Your Cash Advance
When we fund your business, we are effectively buying a percentage of your future sales. We will collect a fixed percentage of your sales daily until you’ve paid off the full amount. When sales are slow, the daily amount you pay goes down, on better days you pay more. This makes it easier for you to repay your Cash Advance, as you don’t need to worry about getting overwhelmed by a large fixed monthly repayment. Your cash flow will also be minimally affected, which means you can focus on what you do best: managing your business!
Renewing Your Merchant Cash Advance
When you have repaid 80% of your initial Merchant Cash Advance, you can choose to renew it for up to 200% of the original amount you received!
We remain dedicated to helping small business owners across the United States get access to working capital. We want to build relationships so owners know they can call us whenever they need cash to move their business forward.
Call us today at 855-265-3380 or use the contact form on this page to get started now.