According to a
recent study, conducted by RBC Capital Markets and Changeover Research,
consumers are planning to spend more at restaurants. "...restaurant
spending plans rose 3 percentage points from the prior survey in May, and 14
percentage points from the same September survey a year ago," as stated in
an article for Restaurant News. "The survey...taps more than 2,000
consumers."
This is excellent
and long-awaited news for restaurant owners who have been struggling to keep
their businesses afloat and encourage customers to eat out. However, the
increase in patrons may also require preparation, including inventory
purchases, extending employee hours, or even hiring additional employees.
Merchants can use advances to finance these endeavors. Here's how.
The business cash
advance is a simple and convenient alternative to traditional bank loans.
Business owners who apply for an advance can be approved in only 48 hours and
have their accounts funded in as little as five business days, after
approval. The funds can be used with no restrictions, and they are repaid
only through a small percentage that the provider will automatically deduct
from their business's daily credit card sales.
Eventually, an increase in consumer spending at restaurants could potentially lead to a need for renovation and/or expansion within the restaurant, both of which could be financed with an advance.
Eventually, an increase in consumer spending at restaurants could potentially lead to a need for renovation and/or expansion within the restaurant, both of which could be financed with an advance.
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