Restaurant Merchant How can I get money for my small business?
I own a restaurant and need some extra money for remodeling etc . I was told you can get a cash advance on your credit card merchant account instead of going through the process of a regular loan but I’m not sure. Anyone heard of have any experience with these? Do you need good credit to qualify?
I am asking specifically about credit card merchant advances, not fundraisers, grants etc.
My firm is very experienced with dealing with merchant advances. You are correct, you can get an advance on future credit card sales without applying for a loan. It is fairly easy to qualify, the process is usually very quick (funds are usally disbursed within 5 days of application), and the repayment terms are very reasonable.
The only drawback of a merchant advance is that the cost of money is often greater than getting a traditional bank loan. However, most business owners who apply for a merchant advance have already been turned down by the bank, or just want a fast and easy way tp obtain capital, and they understand that’s just “the cost of doing business”.
If you have a strong business and credit history, I would recommend you check with your bank. Otherwise, a merchant cash advance is a very viable way to get the funds you need to expand your business.
If you’d like further information, feel free to visit us at www.ezmerchantadvance.com .
Swissotel Merchant Court is located in Singapore’s Singapore River neighborhood, close to Clarke Quay, Boat Quay, and Raffles City. Nearby points of interest also include Raffles Place and Thian Hock Keng Temple. Hotel Features. Dining options at Swissotel Merchant Court include a restaurant and a coffee shop/caf?. A poolside bar and a bar/lounge are open for drinks. Room service is available 24 hours a day. The hotel serves Buffet breakfasts (surcharges apply). Recreational amenities include an outdoor pool, a health club, a spa tub, a sauna, and a fitness facility. The property’s full service health spa has massage/treatment rooms and beauty services. This 4 star property has a business center and offers small meeting rooms, secretarial services, and limo/town car service. Wireless Internet access (surcharge) is available in public areas. This Singapore property has event space consisting of banquet facilities, conference/meeting rooms, and a ballroom. Business services, wedding services, translation services, and tour assistance are available. Complimentary guest parking is limited, and available on a first come, first served basis. Additional property amenities include a concierge desk, multilingual staff, and laundry facilities. This is a smoke free property. Guestrooms. 476 air conditioned guestrooms at Swissotel Merchant Court feature minibars and coffee/tea makers. Bathrooms feature handheld showerheads. They also offer bathrobes, slippers, and scales. High speed Internet access is available. In addition to desks and complimentary newspapers, guestrooms offer multi line phones with voice mail. Televisions have cable channels and pay movies. Also included are safes and blackout drapes/curtains. Guests may request a turndown service and wake up calls. Housekeeping is available daily. Guestrooms are all non smoking. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Fee for wireless Internet in all public areas: SGD 19.26 per 24 hour period (rates may vary)Fee for in room high speed Internet (wired): SGD 19.26 per 24 hour period (rates may vary)Fee for in room wireless Internet: SGD 19.26 per 24 hour period (rates may vary)Buffet breakfast fee: SGD 36.49 per person (approximate amount) The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Fee for wireless Internet in all public areas: SGD 19.26 per 24 hour period (rates may vary)Fee for in room high speed Internet (wired): SGD 19.26 per 24 hour period (rates may vary)Fee for in room wireless Internet: SGD 19.26 per 24 hour period (rates may vary)Buffet breakfast fee: SGD 36.49 per person (approximate amount) The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change.
