Restaurant Loans for Easy Business Cash
October 13, 2009 by admin
Filed under Guest Articles
According to a recent article on finding startup cash, some of the top sources of funding for most small business owners are personal savings, family and friends, credit cards, home equity loans or lines of credit and grants/contests.
These funding methods might work as an initial source of securing business funds, but as all restaurant owners know, the need for business funds doesn’t end after startup. Restaurant owners need business cash for the multiple projects and endeavors that occur during all stages of business ownership. These include advertising, expanding and redecorating, just to name a few.
So what is a small business owner to do once he/she has secured startup funds, gotten his/her business off the ground and later realizes that he/she needs more cash? Fortunately, the restaurant loan is an option that is both easy and convenient.
Restaurant loan providers offer restaurant owners a chance to get business cash with no collateral and even less-than-perfect credit scores. In fact, the requirements for restaurant cash advance eligibility are relatively easy to meet. The owner must have owned his/her business for at least six months, the restaurant must process a minimum of $3,500 in monthly credit card sales, the owner may not have any unresolved bankruptcies and the business must have at least one year remaining on the lease.
Restaurant owners that meet the requirements mentioned above can receive up to $500,000 in business funds in as little as five business days after approval. Moreover, the cash can be used however the restaurant owner chooses, with no need for a written business plan or proposal.
Get a free online quote today to find out how much you qualify to receive for your restaurant!
Chrystal King writes articles about Restaurant Loans for Merchant Resources International.
Article Source:http://www.articlesbase.com/loans-articles/restaurant-loans-for-easy-business-cash-1330461.html
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