Secure Same-Day Cash Flow for Restaurant Groups Today
Financial Considerations and Costs
While the benefits are clear, it's essential to consider the costs associated with same-day cash flow solutions. Invoice factoring fees can range from 1% to 5% of the invoice value, depending on the industry and the creditworthiness of your clients4. Merchant cash advances often have higher costs, with factor rates ranging from 1.1 to 1.5, which can translate to an annual percentage rate (APR) of 70% or more5. It's crucial to weigh these costs against the immediate benefits to determine the best fit for your restaurant group.