Start a Restaurant

The government recently doled out $1 billion for the CARS (Car Allowance Rebate System) program that allows consumers to turn in their “clunkers,” cars that get 18 or less MPG (and meet other requirements), and a receive $3,500 or $4,500 discount on a new vehicle. Last week, the government decided to infuse an additional $2 billion into the program, which has already “…helped [automakers'] companies, suppliers, scrap yards, steel producers and other small businesses,” (Reuters).

Nevertheless, as the owner of a small business that doesn’t sell cars, you may be looking for your own cash infusion. Though there may not be a government-created program equivalent to cash for clunkers, designed to help other retail and/or service-oriented business owners, there is still a way for merchants to get funds for their businesses – merchant loans.

Merchant loans lenders offer various programs designed for small business owners located in both the United States and Canada. Starter merchant cash advance programs allow merchants who have been declined in the past to be advanced a small amount and a larger amount once the initial advance is repaid. The standard merchant loan program offers up to $500,000 to qualified small business owners, and the premium advance program provides the best rates and flexible loan terms for merchants who meet special qualifications.

Some merchant loan lenders even offer new restaurant loan programs, in which restaurant owners do not need to have a six-month track record in order to receive funds. Merchants who qualify for this program can get up to $500,000 for their restaurants within the first week of the restaurants’ openings.

Basic merchant loan requirements include:

· Merchant must have owned business for at least six months
· Business must process at least $3,500 in monthly credit card sales
· Business must have at least one year remaining on lease
· Merchant may not have unresolved bankruptcies

Get a free online quote today and find out how much money a merchant lender can infuse into your small business.

Author: Gaston Castro
Article Source: EzineArticles.com
Cellphone, mobile phone