Wednesday, December 19, 2007

Restaurants Seeking Financing Up To $150,000

All restaurants are in need of a cash flow injection during various
points of it's existence. Some restaurants are seasonal, it's income
streams vary due to other factors whether controllable or not. Others
income streams vary such as tourist season, whether conventions are
in town and/or subject to school events and holidays that
arise at certain times of the year. The most obvious place to find financing is going to a conventional lender, a bank. Most banks are open to an existing business however require
substantial red tape and when everything is done and over with, was
this exercise even worth it assuming you qualify. If your personal credit isn't so hot,
conventional financing may not work and the lender will still look at both the
business and personal credit to justify the loan.

One of the unknown type of loans out there today, is a merchant cash advance loan.
This loan is not truly based upon your personal credit but other factors described
below. This loan is much easier to obtain and the repayments are extracted from the
future visa and mastercard sales of the applicant. The following is some of the features
of the Cash Advance Program:

* Save up to 50% in Interest - Compare to Competitor Programs
* Loan Amounts range from $5,000 to $150,000
* No tax returns, financial statements or asset documentation required
* The loans are about 1.5 times your past monthly visa/mastercard sales
average. The competitors only lend 1.25 times that amount
* Up to one year to pay back. Not 6-8 months like our competitors
* No large, fixed monthly payments! You pay a percentage of your credit
card sales so the loan is repaid with the flow of your business cycle.
* Fast approval. Within two days. Funded within seven business days.
* No hidden charges and no late fees
* Poor personal credit accepted. This is not FICO Score driven, so credit
isn't an issue. Prior bankruptices no problem.
* To qualify, you must own your business for at least one year
* To Pre-qualify, you must average $3,000 monthly credit card sales

Here is an example of merchant cash loan........Facts
Monthly average visa/ mastercard sales............$50,000
Rate factor per the lender................................. 1.5
Eligible amount for the loan ...................................$75,000

It is that simple, if you have questions, pertaining to this lending program,
give us a call and check out our website link below.......Thanks.

www.cclgequipmentleasing.com/cashadvances.htm