Restaurant Small Business Loans

Restaurants contributed close to $800 billion dollars to the US economy is 2016 and employed about 14 million people the previous year. Independently-owned restaurants represent a portion of these staggering statistics. To get an idea, food and beverage sales in 2015 for the country’s top 100 independently -owned restaurants totaled about $1.8 billion.

That’s welcomed news to privately-owned restaurants but it’s also daunting. How do you compete in what’s considered to be the most volatile industry in the US? Hard work and dedication are important but as you well know, they’re not enough. One of the key indicators of success is access to working capital.

Greenbox Capital is here to help. As an alternative lender with goal of strengthening small businesses throughout the US, Puerto Rico and Canada, we offer financing that many small business owners didn’t know they could get.

Turn Future Sales Into Cash Now

Did you know that as a restaurant that processes credit cards, you may be eligible for a Greenbox Capital quick cash advance based on your future credit card receipts? Called a Merchant Cash Advance (MCA)¹ or credit card receivable funding, this type of business financing is one of the fastest and easiest ways to get working capital for your restaurant. Payback is daily or weekly and fully automated.

Repayment options for Merchant Cash Advances include Automated Clearing House (ACH) payments or split funding through your credit card processor or lockbox. ACH payments are fixed amounts that are deducted daily or weekly from your business bank account and are ideal for the business owner who feels secure knowing the amount of the payment in advance. Another method is split funding, which syncs the payment amount with your credit card receipts.

Affordable, Flexible Repayment

If your restaurant in located in a tourist area and experiences seasonal ups and downs or you simply prefer a payment schedule closely aligned with sales, split funding is a good choice. A split funding payment schedule is based on a fixed percentage of credit card receipts. The credit card receipts will vary according to sales, but the percentage of the receipts due as payback is agreed upon in advance.

Another option may be a small business loan² paid back via set payment amounts automatically collected daily or weekly from your bank account through Automated Clearing House (ACH). Term lengths range from 3 months to 12 months.

Whether you’re eligible for a Merchant Cash Advance or small business loan, Greenbox Capital funding advisors work with you to ensure that the financing is affordable. Most restaurant owners say they don’t even “feel” the payments for both short-term small business loans and Merchant Cash Advances. Both funding options fit so seamlessly into their everyday business operations.

Generally, business owners averaging a minimum of $7,500 revenue over the past three months can qualify for a merchant cash advance or small business loan equal to 70% or 100% of their monthly revenue. We offer credit card receivable funding and short-term small business loans to new businesses in operation at least 6 months. We require 3 months of bank statements, and a low credit score will not result in an automatic rejection. 

Working Capital Puts Business Goals Within Reach

How could your restaurant benefit from working capital small business financing from Greenbox Capital? First, an infusion of cash can enable you to establish priorities. As the business owner you are the person responsible for making key decisions on company direction such as whether to buy into a franchise, open another location or remodel. But if you’re like other small business owners, you’re pulled in multiple directions from negotiating with suppliers, hiring, and overseeing overall operations. Meanwhile, the struggle to keep cash flow liquid is a central fact of life for the majority of small businesses.

Getting to the next level, requires working capital. And it’s tough or nearly impossible to get from banks, credit unions and other traditional lenders. Banks reject small businesses either due to the requested amount, credit history or the type of businesses.  

Greenbox Capital is refreshingly different. We’re on the side of small business. We don’t base approval solely on credit score, collateral is not a requirement and we don’t restrict how the funds are used. Also unlike banks that can make you wait weeks or months for approval and have lengthy applications, applying for working capital with us is easy and funding is fast. Greenbox Capital business cash advances and small business loans from $5,000 to $250,000 can be deposited in your bank account as fast as 24 hours.

Come to Greenbox Capital to fulfill your restaurant business’s potential.

  • Minimum 6 months in business
  • Low credit scores OK
  • No collateral needed
  • Collateral-backed financing available
  • Lump sum funding as fast as 24 hours
  • Automatic repayment
  • Set or variable payment options
  • No hidden fees

A business line of credit provides the flexibility to draw on cash as needed. Renewals with business lines of credit are possible without 50% payback of the original advanced amount. We also offer special programs such as 3 Stip Business Cash Advance and an Early Pay-Off option. Additionally, ask about a collateral-backed merchant cash advance or short-term small business loan if your cash flow doesn’t meet unsecured business funding requirements.

¹ Greenbox Capital Merchant Cash Advances may not be available in all regions of the United States or Canada.
² Greenbox Capital Small Business Loans may not be available in all regions of the United States or Canada.

For a free consultation, please complete our application or contact our Merchant Account Service Team.