Even though there is always a huge demand for food and groceries, running a successful grocery store can be a very tough feat in today’s market. Firstly, inventory needs to be shipped in on a regular basis, heating and electric costs need to be covered, and store merchandise, such as refrigerators and other much needed equipment has to be constantly upgraded. With a huge drop in lending from banks in today’s economy, receiving substantial financing from banks for such expenses is very unlikely. However, with Paramount Merchant Funding, there is a more convenient and feasible way to receive a sba loan alternative. Furthermore, Paramount provides small businesses, including grocery stores, with merchant funding that is both quick and flexible, giving merchants the opportunity to invest in their business further.

Call Paramount at 877-885-1505 to speak to a financial expert.

With the SBA loan alternatives made available by Paramount, grocery store owners can receive the following benefits:

• Up to $250,000 at once
• 1-3 days to receive funding
• No collateral
• No credit check
• Many repayment options

Merchants can use the SBA loan alternatives offered by Paramount to cover the following expenses:

• Store inventory, such as food and household products
• Equipment such as refrigerators, cold storage units and coolers etc
• Electric and heating costs
• Renovation costs

Paramount has worked with many small businesses to ensure that they are given enough financing to bring their sales up. Store owners can now have the golden ticket to finance their business further, possibly making way to expand their operations to another venue. In addition, they can be assured that they have a consistent supply of products regardless of whether they hit a slow season or not. Merchant funding from Paramount is designed to give merchants unconditional support, so that their business can withstand even the harshest economical times. In addition, Paramount only demands repayment via credit card receivables, which means merchants only have to pay them back when they have sufficient funds to do so. Overall, merchants can only gain, not lose, when applying for a business loan from Paramount.

Store owners looking to get their operations in gear will truly benefit from the different financing options given at Paramount. They can grow their business as soon as possible and clear themselves of their credit troubles.

Restaurant Business Cash Advance: A Form of Restaurant Financing

Whether you are looking to keep your restaurant business afloat, beyond that critical point of one year, or planning to open a new location, acquiring a business loan for restaurant owners can be a daunting task.  Banks simply try to avoid lending to restaurants because of the risky nature of the industry.  It is estimated that 60% of restaurants fail within their first year of operation, the statistic responsible for the banks hesitancy for restaurant financing.

Many restaurants exert the attractive prospects to succeed, however lack sufficient capital to get over the so called “hump” of one year and beyond en route to success.  Various fixed costs must be taken into account when operating a restaurant.  These costs include: advertising, rent, labor costs, food costs, menus, customer service, and utilities.  Successfully meeting these costs will vastly increase restaurants’ chances at succeeding.  Once management begins to neglect these costs, struggles faced by the restaurant become visible to the customer.  Once this stage is breached, forget about it…shop’s closed.

A simple solution to generate sufficient working capital to cover costs would be a business cash advance.  As long as your restaurant has been in operation for at least 60 days you could potentially qualify for a business cash advance.

When talking to many start-up restaurant owners, you can discover they opened up their restaurants off of their accumulated savings alone.  On one hand, this is not a bad approach, as your business gets going without any debt obligations to a lending institution.  However, in general, unless you have accumulated savings in the hundreds of thousands of dollars, another form of funding must be obtainable to successfully fulfill your future business endeavors.

Opening a restaurant is a common investment sought upon by many entrepreneurs.  Many individuals become ignorant to the fact, or lack the knowledge, that you will need access to working capital for the first few years of operation as you are still ascending to the break-even point.  A business cash advance is an attractive option to assist your restaurant along the way.

In an interview covered by Forbes.com, Bill Stenehjem, owner of Stonehome Wine Bar located in Brooklyn offers some insight into the astronomical start-up costs restaurateurs incur.  During the interview with Forbes, “He estimates that Stonehome’s start-up costs, by the time it opened its doors, were about $450,000. “Also keep in mind that it takes a few years to begin turning a profit.”  It is safe to assume that many new restaurant owners are unaware or oblivious to the escalating start-up costs that must be met in order to keep the business operating.  In order to avoid the likelihood of becoming part of the 60% statistic of failed restaurants, you should consider a business cash advance to assist you in meeting costs and continuing business.

Several restaurant owners who have used the business cash advance offered by Paramount Merchant Funding have shared their satisfaction with this form of restaurant financing.  An owner from a restaurant in Los Angeles states, “The funding specialists at Paramount approved me for $40,000 when all of the other companies I was dealing with approved me for $15,000. They were willing to overlook the fact that I recently bought the business.”  Another restaurant owner from New York adds, “I own a restaurant on the beach, and as winter approaches sales decrease significantly.  I applied with Paramount and my rep was able to get me $15,000, despite credit issues, within a week of applying to help cover operating expenses during my slow season.”

A business cash advance proved to be an effective means of restaurant financing for the aforementioned owners.  Whether your restaurant is in its premature stages and seeking advancement or in need of assistance during the annual slow periods, this business loan alternative may be right for you.

To eliminate any confusion that could possibly arise in this post, it is important to disseminate between the two definitions of capital. In a rudimentary, but absolute sense, capital, according to basic economic principles, is any man-made tool that aids the process of production within a business. For example, a tractor on a farm is capital because it furthers the farmer’s production process. Modern financial practices define capital as a surplus of cash or money that can be utilized for investment purposes (i.e. the stocks in an investment portfolio). Business cash advances from third-party companies, such as Paramount Merchant Funding, conjoin both definitions of capital allowing a small business or entrepreneur to expand and maturate. To demonstrate how capital (modern and less tangible) leads to capital (industrious tools aiding the production process), we will look at a typical upstart restaurant.

Let us assume a restaurant—after acquiring a convention loan from a local or national bank—desires to expand their kitchen to accommodate more ovens and stoves. After balancing their accounts and determining their margins, the owners realize that each month the restaurant breaks even as profit equals cost of goods sold. The restaurant is healthy and self-sustaining; however, it lacks any form of surplus for growth. A business cash advance allows restaurants to finance their expansions because it grants them the necessary capital. With this capital or excess cash flow, a restaurant possesses the means to purchase forms of capital, such as ovens, stoves, and refrigerators perpetuating the production process. The restaurant now has the capabilities to increase their profit and establish a surplus.

While a business cash advance can help a restaurant grow, it also allows proprietors to salvage temporarily a stagnate business. For example, a high-scale restaurant loses customers during the recession because of relatively exorbitant prices. However, the restaurant’s employees (chefs, waiters, waitresses…) still require their bi-weekly paychecks. Without a labor force, the restaurant cannot operate because they, like capital, further the production process. A business cash advance grants the owners of a struggling restaurant the ability to stay current with payroll. This can help even the most battered restaurant weather a recession.

The importance of business cash advances has never been more vivid then during the current recession. As banks tighten the standards of conventional loans, ordinary businesses falter and even declare bankruptcy. Businesses, such as restaurants, need these business cash advances for both growth opportunities and self-sustentation. Third-party companies provide the necessary capital for businesses to achieve their desired goals.

For many entrepreneurs, keeping their businesses afloat is just half the battle. The other half comes from having to cover collateral costs when taking out a loan from the bank.  For some individuals, losing business profits also means losing a huge part of their lives. People can lose a lot of money as well as their homes that they’ve worked so hard to build for themselves. However, a merchant cash advance grants professionals the chance to receive cash without having to worry about repayment until their business prospers. In a sense, an easy business cash advance is ideal for those individuals who feel that their businesses are designated to thrive in the market.

According to statistical studies, many small businesses have been failing due to today’s plummeting housing market. A few years ago, many businesses were able to use their homes as collateral, but since housing values have now hit an all-time low in today’s economy, many professionals have been declined this security outlet by banks. However, a fast merchant cash advance could provide business owners with the cash necessary to keep their companies rising in a market where collateral just isn’t an option for many. Furthermore, a fast business cash advance provides merchants with a plan b, liberating them from an expense that cannot be covered due to today’s wavering economic situation.

A fast business cash advance enables individuals to focus on the growth of their business without having to be hindered by the constraints of collateral. Rather than have to be concerned with losing their possessions if their business doesn’t pick up by an expected time,  merchants are given the flexibility to keep their companies running until they hit a peak time, and are then able to make all necessary reimbursements. In a sense, an easy merchant cash advance is made for professionals who have the drive for success in mind.

With the assistance of an easy merchant cash advance, people no longer have to fight against collateral costs. A fast business cash advance has freed many individuals from the prospect of losing their property  to collateral expenses. Now, entrepreneurs can be granted the chance to see their business at its best minus the added pressures caused by bank loans. This way, entrepreneurs could hold onto their most prized possessions without having to lose sight of their dreams. Thanks to a fast merchant cash advance, giving your small business a major push in the right direction has been made easier and much more convenient.