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Is a Merchant Cash Advance Right for Your Restaurant

Many restaurant owners are looking for small, simple, but effective ways to help drive business through their doors. This starts by having a solid menu, good kitchen staff, and pleasant and helpful waitstaff, but even all of this is not enough to ensure that your restaurant is popular or maintains popularity. To attain that type of success is most certainly a work in progress, and there are many ways that restaurant owners keep their establishments in the public eye. While it might be tempting to “set it and forget it,” not keeping up with the times or making small changes is a surefire way to ensure your restaurant ultimately does not succeed.

Chances are, you have ideas and dreams of ways that you could make your establishment more popular and enticing to customers and potential customers. Perhaps you would like to expand your floor space, or make the kitchen larger. Maybe you would like to change up the decor or revamp your menu offerings. You might even have other ideas for expansion that include opening additional restaurants, running specials, and putting together a solid marketing campaign. There are tons of places for people to choose from to eat and they have to know you are there and what makes you stand apart from the crowd if you hope for them to choose you and not your competition.

What keeps most restaurants from making repairs, changes, or improvements is a lack of liquid capital – that is, the cash they need to actually make these projects a reality. This doesn’t mean that a small business owner is doomed to never be able to make any changes to their establishment, it just means they have to look outside their own finances to get the capital they need. This is why a lot of small business owners utilize what is called a merchant cash advance (MCA) to obtain the funds they need for the projects they want to undertake.

An MCA is a type of commercial lending that is designed for small to medium-sized business owners who need access to quick cash at fair terms. These lenders do not charge exorbitant interest and lend at terms that a restaurant owner is unable to handle. Lenders like Canadian Merchant Cash Advance can provide up to $20,000 for business owners for any number of projects and you can be approved for said funds in as little as 24-hours, making the process fast and simple, allowing you to focus on growing your business, not worrying about the funds you need to make changes happen.

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