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 Kijiji Los Angeles > Services > Financial, mortgages  

Working Capital for Restaurants and Retail business 90% Approval

Ad ID: 61782964
  Visits: 18
Location: Los Angeles
Date Listed: Jul-10-08

I represent Amerimerchant, a leading provider of Merchant Cash Advance. Our company supplies working capital to restaurants and retail businesses. Would you have interest in $25- $50k or more per location in 7- 9 days that might help with your growth strategy,renovation,inventory,advertising, partner buyout - you decide how to use the funds. The banks have tightened their lending policies and Merchant Cash Advance is becoming a strategic use of capital to help fuel growth with restaurants and retail businesses.

No Application fees
No Closing costs
No tax returns
No financial statements
No fixed payments
No Hard Assets to secure
Bad Credit OK
Approvals in 24-48 hours
Receive funds in 7-9 days
90% Approvals

How it works:

We advance money to merchants against future Credit Card sales- up to $500,000 per location
We base the amount of money on the average of the last four months of Credit Card sales
We typically give 120%- 130% of that average
No Fixed time period - Payback is based on a daily % of future sales- Works with your cash flow- if sales slow down - payments slow down
No Fixed interest rate
No hard assets to secure it with

Minimum Requirements:
Must process Credit Card sales for at least 60 days and average at least $5,000/month
Must be current with the landlord or mortgage and have 1 year left on lease
Approvals in 48 hours, funds 5-7 days later

Some of our customer's justifications of the cost of capital:
Opening a new location
Renovation- take $X from us that will create more than $Y in revenue in the future- ie build a party room or outdoor patio that could yield $100k 's of revenue over time
Inventory- by taking $20K of our money to buy goods that will be resold for $60k
New Equipment- ie- Air Conditioning units, etc
Advertising
Partner Buyouts
Refinance existing Cash Advance with better terms
 
* Customers rave about how the payment amounts align perfectly with the daily sales of their business because payments are made through automatic deductions of a percentage of the business' daily credit card sales. We only get paid when you get paid! The Merchant Cash Advance keeps them in business and growing, period!


Amerimerchant is a Direct Funding source, unlike many other merchant cash advance companies. What that means to our customers and to you is you will work directly with us at each and every step of the process. We want you to have a great experience so you will be one of the 80% of our customers who come back to us for additional capital when you need it.

I can be reached at 508- 934-6440 or reply to this email to discuss.
 
Brian Kelly
Amerimerchant
www.amerimerchant.com
508-934-6440

NAMAA - member of the North American Merchant Advance Association






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