Merchant Cash Advance for Restaurants.
Restaurants operators turn to merchant cash advance when kitchen equipment, walk-ins, pos systems, and hvac or build-out and renovation of new or existing locations can't wait on a bank timeline. Summit underwrites the sector against time in business, not just two years of clean returns.
Merchant Cash Advance for restaurants.
Revenue-based working capital sized to your daily credit card and bank deposits. Approval in hours, funding in 24–72.
For restaurants merchant cash advance placements, expect advance size of $25K – $2M, factor rate of 1.15× – 1.49×, term of 3 – 18 Months. Qualification typically requires time in business 6+ Months and monthly revenue $15,000+.
- ◆Kitchen equipment, walk-ins, POS systems, and HVAC
- ◆Build-out and renovation of new or existing locations
- ◆Seasonal payroll and inventory bridges
- ◆Marketing pushes for openings and promotions
What to expect.
Merchant Cash Advance · Restaurants.
Revenue-based working capital sized to your daily credit card and bank deposits. Approval in hours, funding in 24–72.
Most restaurants merchant cash advance placements close in 24 – 72 hours. Summit's desk routes the file to the lenders most active in this sector.
Last 3 – 6 months of business bank statements. Completed one-page application. Valid government-issued ID for the owner.
Initial review is a soft pull. A hard inquiry only happens after you select an offer and proceed to closing.
Get merchant cash advance for your restaurants operation.
Indicative terms within 24 hours. No hard credit pull.
Begin Pre-Qualification →