Bar And Nightclub Business Financing: Beer Demand Remains High

A recent survey conducted by the Brewers’ Association following the SAVOR: An American Craft Beer & Food Experience event in Washington DC, shows that demand for good quality beer remains high despite the slowdown in the economy. More than 9 of 10 respondents say that the slumping economy has not changed their beer buying habits. More than 50 percent of respondents said they spent more than $50 per month on beer purchases. 98 percent of respondents said that high quality was the most important factor in their beer purchasing decision.

That’s good news for bar and nightclub business owners, many of whom say that their business has not slowed, despite the economy. Owners report that patrons may be purchasing less expensive liquors, but that their overall purchasing expenditures have tended to remain constant.

While small business owners, including those looking for bar and nightclub financing, are reporting an increasing amount of difficulty securing funding from banks, some small business operators have decided to bypass bank loans altogether in favor of a business loan alternative known as a merchant cash advance.

The merchant cash advance is ideal for businesses that have a high Visa or MasterCard transaction volume, although you can qualify for a merchant cash advance with a monthly transaction volume as low as $2,500. As a business loan alternative, a merchant cash advance makes sense. You repay your merchant cash advance with a small portion of the sale each time you process a Visa or MasterCard transaction. The rest of the cash comes back to you. Your merchant cash advance doesn’t affect your cash intake, and there’s no minimum monthly payment to make. Nothing could be simpler.

Contact Rapid Capital Funding today for more information on how a merchant cash advance can help you get the bar and nightclub financing you need.

Photo Credit: Opacity, via Flickr

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