Few industries experience as many highs and lows as hospitality. Aside from the seasonal fluctuations one might expect, peak days are often associated with the pace and customs of local culture. From festivals and concerts to expos and trade shows, only an experienced hotelier understands the rhythm of their business. That said, even under ideal circumstances, an economic downturn or even the weather can quickly derail plans and projections.
This is why many hotels turn to a merchant cash advance. Receiving an up-front payment based on future bookings allows a lot more breathing room for those unexpected dips. It's also a viable solution when you're overbooked and are looking to expand your enterprise. Repayment is done on a per-transaction basis, because we think you shouldn't have to pay the same amount every month and financing should adapt to your business instead of the other way around.
Since it is not a bank or business loan, the terms and requirements for a cash advance are a lot more simple and expedient. If you've been operating for at least six months, your business is already eligible for our free application process. Once approved, funds will be provided within 48 hours, directly to your bank account. Our automated system is built on incremental payments. Each credit/debit card sale you make pays off the balance, so when you won't be saddled with a large bill every month. A merchant cash advance is settled by its own source -your credit/debit sales and bank withdrawals, for a nominal factor rate. Talk to one of our specialists today and find out how a cash advance can help you attain your business goals.
By using your business’s future receivables or daily credit card sales, your business can qualify for up to $250,000 in the form of a Business Cash Advance.
Claremont Advance specializes in securing working capital for small, medium and large sized businesses. Industries like Retail, Auto Repair, Restaurants, Medical and Dental Practices, and many more rely on cash advances to sustain and grow over time.
You do not need perfect credit to qualify for working capital. We simply purchase your future receivables or daily cash sales upfront and give you the cash your business needs.
After dealing with red tape from banks for weeks, this process was so fast and simple that I couldn't believe it! Awesome service.Gary Rhodes
Customer service is world class. They are always there to answer my questions and help plan the future of my business.Richard Manning
Great staff. Great service. Would recommend them to anyone starting or expanding a business.Rodney Cooke
Kept my shop running during one of our slowest seasons. We would not be in business today if it weren't for the excellent staff at Claremont.Sheryl Goodman
After getting rejected for one small business loan after another, Claremont went above and beyond to help me expand my retail business and open a second shop.David Hutchinson
Great service and very knowledgeable staff. They were super friendly and helped my business take off within days. Highly recommended!Andrew Kean