Archive for June 11th, 2008
Summer heat equals added customers
I recently talked to a restaurant owner who was looking to add outdoor seating to his growing cafe business. The problem? No cash!
He needed to spend about $2,000 to add 10 tables, fix the concrete patio, and add some umbrellas. Rather than take the money out of his personal savings, he chose to get a merchant cash advance.
He received funding in 14 days, and anticipates having the loan paid off in 90 days. It will cost him a bit of interest, but as he sees it, he is making an easy $25-50 clear on each table per day.
Rather than find excuses for why you can’t grow your business, find solutions.
- Brian
www.bedrockfinancing.com
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