Restaurants are ubiquitous (in laymen’s terms, everywhere) in life today. They add character, flavor and culture to society. They come in all kinds, shapes and tastes.  They are the heart of the small businesses and the current economic situation is having a big impact on their survival.

The United States of America is an immigrant country and with immigrants comes new culture, fresh cuisines, unfamiliar customs, traditions and practices.  Immigrants join the small business workforce and become retailers, wholesalers, tailors, doctors, teachers and restaurateurs.

Alternative Business Financing is helping small business owners, including restaurateurs giving them the ability to build and stabilize their businesses. Merchant Cash Advance providers are overlooking poor credit reports and focussing more on solutions and less on the problems.

Merchant Cash Advances are alternative financing solutions for  small to medium-sized businesses who don't qualify for traditional Business loans due to bad credit and other reasons. These Alternative Finance Solutions assist small business with bad credit and help them on their feet by providing working capital for expansion, inventory and more.

Statistics show that many small businesses are forced to use alternative financing options to obtain working capital for their business. Banks are looking at revenue growth and healthy credit when examining potential borrowers.  Traditional lenders are only lending to those who have collateral and for those who don’t – you still have no need to fear.

Small Businesses are being recognized by the Alternative Financing Industry. As the traditional lenders shy away from small business lending, Alternative Business Finance solutions are assisting and helping small businesses including Restaurants ‘stay in the game’. Merchant Cash Advance providers are actually helping the economy, providing working capital to restaurants creates more jobs, and defuses the alarming unemployment issue.

The banks are tough on the requirements for business loan options and demand a great amount of paperwork and very meticulous about lending. Bad Credit plays a part, as does personal debt however having a bad credit should not keep you from being funded.

Mike Lubansky, a senior financial analyst at Sageworks recommends on Fox Business that Small Business owners searching for business loans should;

1)   Locate a suitable bank that caters to their specific needs

2)   Form and maintain a solid relationship with the bank

3)   Comprehend the risk involved in the loan

4)   Be prepared and knowledgeable about your business

5)   Have alternative bank options

The financial crisis continues and small business owners are still struggling to obtain business loans for their business. Bad Credit Business Loans are available with much higher interest rates but this is not always a solution for small business owners who need immediate working capital. Alternative Business Financing is another option. The Business Cash Advance or better known as the Merchant Cash Advance is a very viable option for small business owners. The Merchant Cash Advance is a provision of cash advanced by The Merchant Cash Advance provider in exchange for the merchant’s future credit card sales. It is a easy and user-friendly way to obtain much needed working capital for a small to medium-sized business.

Merchant Cash Advance

First Data Omaha merchants that have lower than average credit to bad credit can now obtain alternative financing in the form of a merchant cash advance regardless of their credit.

1st Merchant Funding announces it's alliance with First Data to offer it's Flagship Cash for Decline Merchant Cash Advance program to First Data Merchants.

First Data Merchants now have the opportunity to receive alternative financing for their business and repay it through their future credit card sales. Bad credit, damaged credit, or even no credit, merchants can now qualify for a business cash advance almost instantly.

1st Merchant Funding, innovators of the Starter Merchant Cash Advance Program can now provide working capital to all First Data merchants accepting credit cards on the Omaha platform. This highly popular alternative financing product has proven to be effective to merchants in strain of or limited by capital to grow their business. "We changed the way underwriting is executed in the MCA industry for the better" says Michael Hollis, Director of Business Development at 1st Merchant Funding. "Many Merchant Cash Advance providers became greedy in their approval and underwriting process, turning down merchants based on the owners blemished personal credit history". In this market a common reason for declines are that business owners can be losing their investment properties, made bad real estate mistakes, and in result credit can become affected almost immediately. Regardless of whether the merchant has a performing business or not, bad credit constitutes applications getting denied daily. 1st Merchant Funding saw this as an opportunity to strictly judge a business by its performance, and not by the operators credit history. The niche is financing to business owners seeking a Bad Credit Business Loan

A unique underwriting model allows agents and Independent Sales Offices and other sales channels to underwrite the merchant cash advance paper they originated. In result the merchant receives instant approvals from a pre-approval matrix based on the merchants performance and credit card sales volume.

An alliance with First Data was created to expand our market reach and cater to those merchants with lower tier credit processing on the First Data Omaha platform.
More information can be found online at http://www.1stmerchantfunding.com

Whether you are a merchant that has been declined or an agent looking to turn your declines into immediate cash, we have the perfect opportunity to monetize your business.

We will approve ALL your declines for a $2,500 - $10,000 merchant cash advance if they meet our minimal criteria.

To Qualify for the $2,500 program merchant must:
-Process $4,500 - $19,999 per month
-30 transactions/month min
-Current with landlord
-No current Merchant Cash Advance

To Qualify for the $5,000 program merchant must:
-Process $19,999+ per month
-50 transactions/month min
-Current with landlord
-No current Merchant Cash Advance

Advantages:
-NO CREDIT CHECK GUARANTEED
-Next Day Funding
-Next Day Commissions
-SAME DAY APPROVALS

To get started call today at 866-710-2265 and ask about our Cash4Decline program!