Secure Same-Day Cash Flow for Restaurant Groups Today
Exploring Same-Day Cash Flow Solutions
Several financial services cater specifically to the hospitality industry, offering same-day cash flow solutions that can be tailored to your needs. These services often include invoice factoring, merchant cash advances, and short-term loans, each with its unique benefits and considerations. For instance, invoice factoring allows you to sell your outstanding invoices to a third-party company at a discount, providing you with immediate cash while they collect payments from your customers1.
Merchant cash advances are another popular option, where you receive a lump sum upfront in exchange for a percentage of future credit card sales. This method is particularly beneficial for restaurants with high credit card transaction volumes, as it aligns repayment with your cash flow2.