Kennesaw, GA (PressExposure) March 29, 2012 -- Building a thriving restaurant business in today's turbulent economic times is difficult. The financial challenges that business owners face often can take the focus off the product and customer service required to build a loyal customer base. While this may happen with any business, the restaurant business is one of the more challenged market segments due to the daily requirements for working capital. The economic conditions, combined with the reduced purchasing power, of the consumers can lead to the inability to meet daily expenses, expand marketing efforts, and maintain critical daily inventory.
According to H.G. Parsa, a Professor at the Ohio State University, the first three years of business for a restaurant owner are the most crucial and difficult. If the owner is able to survive the first three years, then future success is not guaranteed, but is more likely. However, according to Professor Parsa, more than half of the restaurants or approximately, 6 out of 10 restaurants are unable to meet the capital demands of the business and have to shut their doors.
One proven option and source for quickly and simply acquiring daily working capital is an AdvanceMe, Inc. http://www.advanceme.com offers Merchant Cash Advances based on the consistency and the strength of the restaurant. It takes into consideration the sales of the restaurant and the potential of the restaurant to grow if working capital is provided. Restaurant owners who are in dire need of such an advance but can't find financing from banks or other sources can apply for merchant cash advance online.
What is a Merchant Cash Advance?
From AdvanceMe, Inc., A Merchant Cash Advance is not a loan. It is working capital based upon the buying of future credit card receivables. This is also referred to as "credit card receivable funding."
The owner has to simply fill an online application. Once reviewed and approved, the cash advance is made available in 7 to 10 working days or earlier.
Merchant Cash Advances [http://www.advanceme.com/mcahome.html] obtained from AdvanceMe have helped several restaurant owners not only maintain their daily operations, but thrive and grow.