{"id":12356,"date":"2024-10-17T12:11:07","date_gmt":"2024-10-17T12:11:07","guid":{"rendered":"https:\/\/comparedbusiness.com\/uk\/?p=12356"},"modified":"2024-10-24T06:28:54","modified_gmt":"2024-10-24T06:28:54","slug":"merchant-cash-advance-for-restaurants","status":"publish","type":"post","link":"https:\/\/comparedbusiness.com\/uk\/blog\/merchant-cash-advance\/merchant-cash-advance-for-restaurants\/","title":{"rendered":"Merchant Cash Advance for Restaurants: How to Get A Same Day Advance?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12356\" class=\"elementor elementor-12356\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b573d03 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b573d03\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eac37f9\" data-id=\"eac37f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e2b63ca elementor-widget elementor-widget-text-editor\" data-id=\"e2b63ca\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The restaurant industry in the UK is thriving, but let\u2019s be real: cash flow management is a relentless battle. From upgrading kitchen equipment to inventory, restaurants many times need quick access to funds in order to compete effectively. This is where <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/blog\/merchant-cash-advance\/small-business-owner-guide-to-merchant-cash-advance\/\">Merchant Cash Advance<\/a><\/strong><\/span> for restaurants comes into place &#8211; a form of fast and flexible financing tied directly to your sale of future receivables.<\/p><p>Whether you\u2019re addressing seasonal slowdowns or seizing an opportunity to grow, an MCA is able to provide immediate, necessary capital to keep your restaurant running.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4fd1064 elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fd1064\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-44f79d1\" data-id=\"44f79d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48c9ce8 elementor-widget elementor-widget-heading\" data-id=\"48c9ce8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><p class=\"elementor-heading-title elementor-size-default\">Do you need a Merchant Cash Advance?<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49e88c8 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"49e88c8\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-md elementor-animation-grow\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get A Quote Today<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-75d0095 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75d0095\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5c8c55d\" data-id=\"5c8c55d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c530f43 elementor-widget elementor-widget-spacer\" data-id=\"c530f43\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd38012 elementor-widget elementor-widget-heading\" data-id=\"bd38012\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"why_do_restaurants_opt_for_a_merchant_cash_advance\"><\/span>Why do restaurants opt for a merchant cash advance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66f5ff7 elementor-widget elementor-widget-image\" data-id=\"66f5ff7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"427\" src=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/Why-Restaurants-Opt-For-MCA.jpg\" class=\"attachment-medium_large size-medium_large wp-image-12358\" alt=\"Why Restaurants Opt For MCA\" srcset=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/Why-Restaurants-Opt-For-MCA.jpg 640w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/Why-Restaurants-Opt-For-MCA-300x200.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8d560a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8d560a5\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-160ee5a\" data-id=\"160ee5a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17aba11 elementor-widget elementor-widget-text-editor\" data-id=\"17aba11\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Running a restaurant is a high-stakes game, with ever-changing customer demands and constant pressure to maintain quality service. This is why many restaurants turn to Merchant Cash Advance to manage their cash flow and invest in their business without the headache of traditional financing.<\/p><p>A major reason is the flexible repayment structure. Rather than a set monthly payment, repayments are tied to a portion of daily or weekly card sales. This allows payments to adjust naturally during slower periods.<\/p><p>Another driving factor is the speed of funding. In an industry where margins are often tight and quick decisions are necessary, waiting weeks for a bank loan is not always feasible. With an MCA, restaurants can achieve funds within 24-72 hours, allowing them to act fast when opportunities arise. Think about that!<\/p><p>Moreover, traditional financing often comes with strict credit score requirements and long approval processes, which many small or new restaurants struggle to meet. MCAs, however, focus more on daily card sales than credit scores. This makes them accessible to a wider range of restaurant owners.<\/p><p>Here\u2019s a small video to explain the process of MCA.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5142644 elementor-widget elementor-widget-video\" data-id=\"5142644\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=z1_n_QbCCII&quot;,&quot;start&quot;:&quot;99&quot;,&quot;end&quot;:&quot;128&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-widget-video .elementor-widget-container{overflow:hidden;transform:translateZ(0)}.elementor-widget-video .elementor-wrapper{aspect-ratio:var(--video-aspect-ratio)}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{height:100%;width:100%;display:flex;border:none;background-color:#000}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-wrapper{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .elementor-open-inline .elementor-custom-embed-image-overlay{position:absolute;top:0;right:0;bottom:0;left:0;background-size:cover;background-position:50%}.elementor-widget-video .elementor-custom-embed-image-overlay{cursor:pointer;text-align:center}.elementor-widget-video .elementor-custom-embed-image-overlay:hover .elementor-custom-embed-play i{opacity:1}.elementor-widget-video .elementor-custom-embed-image-overlay img{display:block;width:100%;aspect-ratio:var(--video-aspect-ratio);-o-object-fit:cover;object-fit:cover;-o-object-position:center center;object-position:center center}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-custom-embed-image-overlay{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-custom-embed-image-overlay img{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .e-hosted-video .elementor-video{-o-object-fit:cover;object-fit:cover}.e-con-inner>.elementor-widget-video,.e-con>.elementor-widget-video{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3802545 elementor-widget elementor-widget-spacer\" data-id=\"3802545\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-570efda elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"570efda\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b66ac25\" data-id=\"b66ac25\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6547790 elementor-widget elementor-widget-heading\" data-id=\"6547790\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"restaurant_merchant_cash_advance_loan_example\"><\/span>Restaurant merchant cash advance loan example<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b6d4b5a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b6d4b5a\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ff1c68\" data-id=\"3ff1c68\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59fc89a elementor-widget elementor-widget-text-editor\" data-id=\"59fc89a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Let\u2019s imagine a small, family-owned restaurant in London that\u2019s been operating for 3 years. Business has been steady, but they need \u00a330,000 to upgrade their kitchen equipment and renovate the dining area to attract more customers. They opt for an MCA.<\/p><p>The MCA provider offers them \u00a330,000 in exchange for \u00a339,000 of future credit card sales, with a factor rate of 1.3. The restaurant agrees to repay 15% of their daily credit card sales until the full \u00a339,000 is repaid.<\/p><p>If the restaurant brings in \u00a32,000 in credit card sales on a given day, \u00a3300 is automatically deducted toward the MCA repayment. On slower days, the repayment amount will adjust accordingly. <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2235c25 elementor-blockquote--skin-border elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"2235c25\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.25.0 - 03-11-2024 *\/\n@charset \"UTF-8\";.entry-content blockquote.elementor-blockquote:not(.alignright):not(.alignleft),.entry-summary blockquote.elementor-blockquote{margin-left:0;margin-right:0}.elementor-widget-blockquote blockquote{background:transparent;border:0;color:#3f444b;font-size:100%;font-style:normal;margin:0;outline:0;padding:0;quotes:none;vertical-align:baseline}.elementor-widget-blockquote blockquote .e-q-footer:after,.elementor-widget-blockquote blockquote 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svg{fill:#fff;height:1em;width:1em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button{height:2em;padding:0;width:2em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i,.elementor-blockquote--button-skin-classic.elementor-blockquote--button-view-icon .elementor-blockquote__tweet-button i{left:50%;position:absolute;top:50%;transform:translate(-50%,-50%)}.elementor-blockquote--button-skin-bubble .elementor-blockquote__tweet-button:before{border:.5em solid transparent;border-inline-end-color:#1da1f2;content:\"\";left:-.8em;position:absolute;top:50%;transform:translateY(-50%) scaleY(.65);transition:.3s}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:before{border-left-color:transparent;border-right-color:#1da1f2;left:-.8em;right:auto}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-left .elementor-blockquote__tweet-button:hover:before{border-right-color:#0967a0}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:before{border-left-color:#1da1f2;border-right-color:transparent;left:auto;right:-.8em}.elementor-blockquote--button-skin-bubble.elementor-blockquote--align-right .elementor-blockquote__tweet-button:hover:before{border-left-color:#0967a0}.elementor-blockquote--skin-boxed .elementor-blockquote{background-color:#f9fafa;padding:30px}.elementor-blockquote--skin-border .elementor-blockquote{border-color:#f9fafa;border-inline-start-width:7px;border-style:solid;padding-inline-start:20px}.elementor-blockquote--skin-quotation .elementor-blockquote:before{color:#f9fafa;content:\"\u201c\";display:block;font-family:Times New Roman,Times,serif;font-size:100px;font-weight:900;height:.6em;line-height:1}.elementor-blockquote--skin-quotation .elementor-blockquote__content{margin-top:15px}.elementor-blockquote--align-left .elementor-blockquote__content{text-align:left}.elementor-blockquote--align-left .elementor-blockquote .e-q-footer{flex-direction:row}.elementor-blockquote--align-right .elementor-blockquote__content{text-align:right}.elementor-blockquote--align-right .elementor-blockquote .e-q-footer{flex-direction:row-reverse}.elementor-blockquote--align-center .elementor-blockquote{text-align:center}.elementor-blockquote--align-center .elementor-blockquote .e-q-footer,.elementor-blockquote--align-center .elementor-blockquote__author{display:block}.elementor-blockquote--align-center .elementor-blockquote__tweet-button{margin-left:auto;margin-right:auto}<\/style>\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tAccording to a report by Wifi Talents, the approval rate for merchant cash advances is around 90%.\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04179f1 elementor-widget elementor-widget-spacer\" data-id=\"04179f1\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f4e937 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f4e937\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-13f6363\" data-id=\"13f6363\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-304ab2d elementor-widget elementor-widget-heading\" data-id=\"304ab2d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"how_can_restaurants_use_merchant_cash_advances\"><\/span>How can restaurants use merchant cash advances?<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bbc291a elementor-widget elementor-widget-image\" data-id=\"bbc291a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"427\" src=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Use-Merchant-Cash-Advance.jpg\" class=\"attachment-medium_large size-medium_large wp-image-12359\" alt=\"\" srcset=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Use-Merchant-Cash-Advance.jpg 640w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Use-Merchant-Cash-Advance-300x200.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56b75e1 elementor-widget elementor-widget-text-editor\" data-id=\"56b75e1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Restaurants can leverage MCA in a variety of ways.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dca9d75 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dca9d75\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c12c6fd\" data-id=\"c12c6fd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f4b3952 elementor-widget elementor-widget-heading\" data-id=\"f4b3952\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Upgrade kitchen equipment<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e161767 elementor-widget elementor-widget-text-editor\" data-id=\"e161767\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A restaurant\u2019s kitchen is its beating heart, and keeing it up-to-date is crucial. Whether it\u2019s replacing outdated ovens or investing in energy-efficient appliances, an MCA provides quick access to cash, allowing restaurants to upgrade without waiting weeks for a bank loan. Fresh equipment means faster service and happier customers &#8211; after all, you\u2019re only as good as your tools.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4da556 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4da556\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cf60faf\" data-id=\"cf60faf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-270586b elementor-widget elementor-widget-heading\" data-id=\"270586b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Expand or renovate<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ceec764 elementor-widget elementor-widget-text-editor\" data-id=\"ceec764\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As customer preferences change, so should your restaurant. Want to add an outdoor seating area or revamp your interior to keep up with modern dining trends? With MCA funding, restaurants can cover the costs of renovations or expansions without slowing down their daily operations.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-74216c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"74216c6\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9787fcd\" data-id=\"9787fcd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e417180 elementor-widget elementor-widget-heading\" data-id=\"e417180\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. Launch marketing campaigns<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4bb8f4 elementor-widget elementor-widget-text-editor\" data-id=\"d4bb8f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Word of mouth can only take you so far. Restaurants need to actively market themselves, and with MCA funding, they can invest in social media ads, email marketing or even influencer collaborations. A well-timed campaign can fill seats during slow periods or promote a new menu item. This is one of the main reasons why <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/blog\/merchant-cash-advance\/merchant-cash-advance-for-salons\/\">salons take MCA<\/a><\/strong><\/span> as well.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-06da80b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"06da80b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0ea1290\" data-id=\"0ea1290\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bbdb656 elementor-widget elementor-widget-heading\" data-id=\"bbdb656\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Stock up on inventory<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b20fbc0 elementor-widget elementor-widget-text-editor\" data-id=\"b20fbc0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>From fresh produce to speciality ingredients, maintaining an ample inventory is vital for any restaurant. With flexible funding from an MCA, restaurants can stock up on bulk orders or seasonal ingredients without worrying about cash flow constraints. This way, they can keep the menu fresh and avoid running out of key ingredients when demand spikes.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6379a65 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6379a65\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa760a6\" data-id=\"aa760a6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eca5b04 elementor-widget elementor-widget-heading\" data-id=\"eca5b04\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5. Hire and train staff<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4109cb8 elementor-widget elementor-widget-text-editor\" data-id=\"4109cb8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As your restaurant grows, so does the need for skilled staff. Whether it\u2019s hiring an experienced chef or training your current team on new culinary techniques, an MCA provides the funds necessary to invest in your workforce.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-658c192 elementor-widget elementor-widget-image\" data-id=\"658c192\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"559\" src=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Can-Use-An-MCA-768x559.png\" class=\"attachment-medium_large size-medium_large wp-image-12364\" alt=\"How Restaurants Can Use An MCA\" srcset=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Can-Use-An-MCA-768x559.png 768w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Can-Use-An-MCA-300x218.png 300w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Can-Use-An-MCA-1024x745.png 1024w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Can-Use-An-MCA-1536x1117.png 1536w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/How-Restaurants-Can-Use-An-MCA.png 1980w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-310e02e elementor-widget elementor-widget-spacer\" data-id=\"310e02e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d605b28 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d605b28\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cdfd6a8\" data-id=\"cdfd6a8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8ff2bc6 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"8ff2bc6\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-md elementor-animation-grow\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get MCA Quotes Today<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b53fd49 elementor-widget elementor-widget-spacer\" data-id=\"b53fd49\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab80f82 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab80f82\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8dfdcee\" data-id=\"8dfdcee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-270a580 elementor-widget elementor-widget-heading\" data-id=\"270a580\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"applying_for_a_restaurant_merchant_cash_advance_loan\"><\/span>Applying for a restaurant merchant cash advance loan<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe20110 elementor-widget elementor-widget-image\" data-id=\"fe20110\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"427\" src=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/Applying-for-An-MCA.jpg\" class=\"attachment-medium_large size-medium_large wp-image-12365\" alt=\"Applying for An MCA\" srcset=\"https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/Applying-for-An-MCA.jpg 640w, https:\/\/comparedbusiness.com\/uk\/wp-content\/uploads\/sites\/3\/2024\/10\/Applying-for-An-MCA-300x200.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c70d9b9 elementor-widget elementor-widget-text-editor\" data-id=\"c70d9b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>When applying for a restaurant Merchant Cash Advance, the process is typically simple and much quicker when <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/blog\/merchant-cash-advance\/merchant-cash-advance-vs-business-loan\/\">compared with loans<\/a><\/strong><\/span>. Here\u2019s what\u2019s usually required:<\/p><p><strong>1. Consistent credit card sales<\/strong><\/p><p><span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/blog\/merchant-cash-advance\/best-merchant-cash-advance-companies\/\">Reliable MCA providers<\/a><\/strong><\/span> look at restaurant\u2019s daily or monthly credit card sales to determine eligibility. A steady stream of card transactions is crucial because this will be used to calculate the advance and repayment.<\/p><p><strong>2. Bank and credit card processing documents<\/strong><\/p><p>Lenders will want to see 3-6 months of bank and credit card processing statements. These documents give a clear picture of the restaurant\u2019s cash flow, sales volume and overall financial health. Other information may include a business license, tax identification number and ownership information.<\/p><p><strong>3. Reviewing terms and factor rates<\/strong><\/p><p>After submitting the necessary documents, the MCA provider will evaluate your application and offer an advance amount along with a factor rate, typically between 1.2 to 1.5.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a68c22e elementor-blockquote--skin-border elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"a68c22e\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tAccording to a report by Wifi Talents, around 60% of small businesses that use MCAs are restaurants. \t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07d9284 elementor-widget elementor-widget-spacer\" data-id=\"07d9284\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-373c337 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"373c337\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-071db46\" data-id=\"071db46\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e73129a elementor-widget elementor-widget-heading\" data-id=\"e73129a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"how_to_choose_a_company_when_taking_a_merchant_cash_advance_for_restaurants\"><\/span>How to choose a company when taking a merchant cash advance for restaurants<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88023cd elementor-widget elementor-widget-text-editor\" data-id=\"88023cd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>1. Transparency and full disclosure<\/strong><\/p><p>The first thing to look for in an MCA provider is transparency. A reputable company will clearly outline the factor rates, fees and repayment terms upfront. Hidden fees can quickly turn what seems like a good deal into an expensive burden.<\/p><p>For example, some providers may charge administrative fees. Don\u2019t get caught off guard &#8211; always ask for a full breakdown of costs.<\/p><p><strong>2. Industry expertise<\/strong><\/p><p>Choosing a provider that understands the restaurant industry can make a world of difference. Restaurants have unique cash flow patterns so working with a provider that specialises in restaurant MCAs ensures the terms and repayment schedules are aligned with your business.<\/p><p><strong>3. Reasonable factor rates<\/strong><\/p><p>Factor rates can range anywhere from 1.2 to 2, and this number will greatly impact the total repayment amount. A higher factor rate means you\u2019ll be paying back significantly more than the amount advanced. It\u2019s important to shop around and compare rates from different providers to ensure you\u2019re getting a fair deal.<\/p><p>Some MCA companies may charge a higher factor rate but offer more flexibility in repayment. Weigh these pros and cons when making a decision.<\/p><p>4. Flexible repayment terms<\/p><p>One of the <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/blog\/merchant-cash-advance\/advantages-disadvantages-of-merchant-cash-advance\/\">biggest advantages of MCA<\/a><\/strong><\/span> is the flexibility in repayment, but it only works if the holdback percentage is reasonable. A high rate like 20% can dent your cash flow, making it difficult to cover operating costs such as payroll and inventory.<\/p><p><strong>5 Customer support and reputation<\/strong><\/p><p>Last, but not least, customer service is vital when <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/comparedbusiness.com\/uk\/merchant-cash-advance\/\">choosing an MCA provider<\/a><\/strong><\/span>. You want to work with a company that offers responsive support and is available to answer your questions throughout the process. Check reviews, ask other restaurant owners for recommendations, and make sure the company has a solid reputation in the market.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34bcc72 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"34bcc72\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b72893c\" data-id=\"b72893c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ecc463 elementor-widget elementor-widget-heading\" data-id=\"9ecc463\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"explore_top_mca_options_for_your_restaurant_in_the_uk_with_comparedbusiness\"><\/span>Explore Top MCA Options For Your Restaurant In The UK With ComparedBusiness<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3e9f1b elementor-widget elementor-widget-text-editor\" data-id=\"f3e9f1b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>ComparedBusiness helps you secure merchant cash advance funding for restaurants from the top providers in the UK. Just submit your requirements in less than 2 minutes and we will match you with the top lenders that will provide flexible MCA options for your restaurant business. You can pick and choose the best option then. <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dcb428a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dcb428a\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a0fa2f1\" data-id=\"a0fa2f1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a06ae0 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"4a06ae0\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-size-md elementor-animation-grow\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get MCA Quotes Today<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The restaurant industry in the UK is thriving, but let\u2019s be real: cash flow management is a relentless battle. From upgrading kitchen equipment to inventory, restaurants many times need quick access to funds in order to compete effectively. This is where Merchant Cash Advance for restaurants comes into place &#8211; a form of fast and &#8230; <a title=\"Merchant Cash Advance for Restaurants: How to Get A Same Day Advance?\" class=\"read-more\" href=\"https:\/\/comparedbusiness.com\/uk\/blog\/merchant-cash-advance\/merchant-cash-advance-for-restaurants\/\">Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":12367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-12356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-merchant-cash-advance"],"_links":{"self":[{"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/posts\/12356"}],"collection":[{"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/comments?post=12356"}],"version-history":[{"count":10,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/posts\/12356\/revisions"}],"predecessor-version":[{"id":12524,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/posts\/12356\/revisions\/12524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/media\/12367"}],"wp:attachment":[{"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/media?parent=12356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/categories?post=12356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/comparedbusiness.com\/uk\/wp-json\/wp\/v2\/tags?post=12356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}