Merchant Cash Advance Blog

Double dipping occurs when a business decides to renew a merchant cash advance while still owing on the original loan. Some less reputable lenders will charge interest on the full loan amount, even if you’re just bringing the total back to the original loan amount. This means you may be charged interest on funding that you have already been assessed interest on. Whenever you are renewing a cash advance, make sure your lender thoroughly breaks down the terms of your agreement. Practices like this are what have given the merchant cash advance industry a bad name.  Just like any other business partnership, you need to align yourself with an honest and reputable lender when seeking business capital. Make sure you read and understand any and all contracts that you sign and that you can account for every dollar being repaid. Double dipping can cost a small business owner tens of thousands of dollars. Since you’re looking for funding in the first place, this is a hit few owners can withstand. Here’s what to look for in a business capital lender.

Restaurant safety is extremely important as lack of compliance with safety measures and accidents themselves can be very costly. All OSHA food safety regulations should be followed. Properly training your staff and making sure your facilities and equipment are up to par is paramount when it comes to maintaining a safe establishment. Here we go over some of the basics of restaurant safety.

With the competition from online retailers being so fierce, customer experience is one of the best ways to separate your specialty retail shop from the competition. A personalized approach and treating customers as individuals is essential in creating a great experience. Here we’ve outline six ways to make your store stand out.

Working in the industry of food and service is extremely competitive; outside the box ideas may be a little harder to come by with the constant changing of trends and trying to attract new audiences. Where other businesses’ fail is usually centered at over pressuring customers and not having many benefits to dining at their locations.  In order to recruit new customers and encourage the regulars to keep returning, try implementing some of the following strategies:

There are a variety of reasons a small business owner will seek funding. Whether it’s to pay bills, renovate your physical storefront, implement marketing campaigns, or take advantage of seasonal inventory opportunities, a merchant cash advance may be right for you.