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Category archives: Merchant Cash Advances
Your restaurant is doing well. Revenue is consistently increasing every quarter, your staff are pleased with their jobs and your customers keep stop coming back and recommending your restaurant to their friends. What should you do next?
A cash advance is a type of short-term loan that’s made to an individual or business, either by a bank or by a specialist finance provider.
We've seen a growing trend in the use of merchant cash advances by independent restaurants, as a means to keep ahead of the competition and grow their businesses while many chain restaurants suffer losses and closures
We recently caught up with Joel Braham, founder of The Good Egg, to discuss the journey of his restaurant business, the challenges faced by independent restaurants and the importance of maintaining a happy workforce, consistently high standards and managing cash flow.