Merchant Cash Advance Blog

Small Business Loans for Restaurants Through MCA Providers

   Thursday, 18 January 2018 14:12 PBC Blog

Small Business Loans for Restaurants Through MCA Providers

A restaurant is one of the easiest and most profitable businesses to own on the market. Not only can you open up something small and quaint, but you have the ability to make it into a chain if it works out well. Many restaurant owners are striving to make a change in the way they do business, as well as who they borrow from to keep their business afloat, merchant cash advances seem to be the option that most restaurants have been choosing.

The Options for Small Business Loans for Restaurants

There are numerous funding options for restaurants out there, but which ones provide the best funding is up for debate. Many restaurants and other small businesses are currently opting for merchant cash advance lenders over the other options.

Here are some of the options on the market that a restaurant should be aware of when trying to secure funding for their business:

SBA Loans - While these loans are extremely helpful, they’re also one of the hardest loans to obtain. You have to have an almost perfect credit score, be able to provide proof of the business and you must have been in business for some time.

MCA providers - MCA providers are more lenient when it comes to borrowing money from them. They require that a business earn income steadily but only have to have been in business for at least 6 months. They also do not require a perfect credit score, which is one of the biggest reasons small businesses love merchant cash advances.

Grants - Depending on where you’re opening and what you’re doing for your small business, there are grants that help the user gain a bit more financial funding when it is needed to open or keep the business running.

Investors - Investors are hard to find and when you do find them, oftentimes you have to sell them your soul for them to give you the amount you need. Generally, startups have found other ways to get the cash they need but investors are still an option that can be used.

Of course, some small business owners prefer to ask family and friends that might have the cash or use their personal savings funds, IRA or retirement fund to open the business. The sky's the limit when obtaining funding for any small business, including a restaurant.

Read More: Merchant Cash Advance and the Quest for Alternative Business Finance

Restaurants are Choosing MCA Providers

Restaurants are choosing to work with MCA providers for many reasons. Not only are the benefits the best out there, but they’re much easier to obtain. Waiting months for the bank to respond back to you regarding small business loans for restaurants is not how anyone wants to spend their time. Not to mention the fact that if you need the money now, not later, the bank loan is not going to help.

Here are the benefits that restaurants are obtaining from MCA providers that they work with:

Easily obtain funding within a week

Ask any and all questions you have regarding the funding up front

Have a less than perfect credit history

Have been in business for just 6 months

Need a smaller amount of money

Businesses in need of regular loans

MCA providers are providing even more benefits for those businesses finding it hard to obtain funding from anywhere else. With the use of the MCA, they’re able to get back on their feet and not have to worry about having to run around and find someone willing to lend them money needed. The best part is that small business loans for restaurants can easily be obtained through cash advance providers again and again.

Benefiting from Merchant Cash Advances

If you’re a restaurant or other small business, then you want to find out if you benefit from cash advances. Not everyone is up to speed with what they are and how exactly they’re able to help your company overall. When in need of small business loans for restaurants, MCA providers have been helping for years.

1.      Any business in need of emergency funding can benefit from the use of a merchant cash advance, as their methods provide the user with cash, in hand, within a week from applying for the loan. It is easy and efficient.

2.      The business has a lot of financial fluctuations that are not always accounted for. When this happens, it is important to think about ways that this can be maintained while borrowing money. Cash advances work with you, even when these fluctuations happen, as long as the business continues to make money.

3.      Those businesses with low credit scores are ones that often benefit from using cash advances. They do not have a strong need to have someone with perfect credit borrowing from them. As long as your business is in good standing, they are okay with allowing you to borrow from them.

4.      Working in a high risk industry may lead many businesses to turn to a merchant cash advance because of the ease of use and availability of them. They work with many businesses and are highly unlikely to turn anyone down for a loan when it is needed.

5.      Those businesses that take out loans regularly will benefit greatly from using the MCA lender. The MCA lenders continuously provide funding to those that have a great standing with them, businesses then are able to request funding every time they need one. They’re accepted and have a steady stream of ways to obtain funding.

So many businesses are finding that cash advances are currently the way to go when seeking ways to obtain small business loans for restaurants. These loans can be gotten from a number of sources but with the financial industry the way that it is, it is hard to keep the business running smoothly.

The MCA Process is a Simple One

The process for small business loans for restaurants through an MCA lender is simple. Just visiting a website is all that needs to be done. Applying for the lending that is required is always a good thing since you want to ensure that you’re doing what needs to be done and that the lender has the information needed to process your application.

1.      Fill out the application that is on the website with your information and that of your business.

2.      The lender contacts you regarding your application, the terms and paperwork required to finalize the advance.

3.      You provide the paperwork and accept the terms to work with the lender.

4.      The lender provides you with a wire transfer of the funds requested to your business account within 72 hours.

The entire process of obtaining a merchant cash advance from a lender is no more than a week from start to finish. They provide one of the easiest ways to obtain lending, so you do not have to fight with a traditional bank for small business loans for restaurants. You have a way to obtain the funding you need.

Those that have never used MCA providers previously are delightfully surprised to find out just how easy this funding is to obtain. Take a chance to try the advances out for yourself to see what they have to provide you with. Now is the chance to take the next step and further your career. The small business loans for restaurants can be found in many places, but the right one is the one you need to benefit your restaurant and ensure that you have the money when you need it, not a month or so from when you don’t.

Merchant cash advance lenders cut the waiting time down, cut out the middleman and provide you with the cash needed to keep your business afloat. Small business loans for restaurants should not be that hard to obtain, but with the world we live in now, many banks and other financial institutions do not take any risks.

Merchant cash advances want to work with you on the small business loans for restaurants that you need. All you need to do to learn more is email or call them today. They’re always happy to answer any and all questions prospective borrowers have regarding the funding that they provide to those searching for help.

Read More: Small Business Financing Trends to Stay Abreast Of

Apply for a Merchant Cash Advance Today

If you are ready to obtain small business loans for restaurants and want to consider funding through a merchant cash advance, we are here to provide the necessary help that is required. You never have to worry about your business not being able to have the funding needed to keep running, as these merchant cash advances provide multiple businesses everywhere with a chance to have the funding they need to keep running without having to wait for months to obtain it.

Always go with a cash advance in a time of need. The other options will not provide the small business loans for restaurants that you seek, they will only suppress you and provide you with funding once you no longer need it. Streamline the process and apply for a cash advance through a lender today. You will be happy with the results provided.


We provide two highly accessible financing programs that can get your business the working capital it needs in days instead of months.

For a small business, obtaining a traditional loan today is a complex and difficult process. That’s where Premier Business Capital comes in. 

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