Subscribe to Entrepreneur for $5
Subscribe

Case Study: How a Merchant Cash Advance Worked in a Pinch

By
This story appears in the May 2012 issue of Entrepreneur. Subscribe »

Between His Own
$700,000 investment and $500,000 from his partners, Arturo Calderon thought he had the financing for his new restaurant in the bag. But construction costs of the 3,000-square-foot Yucatan Taco Stand in The Woodlands, Texas, ran $80,000 over budget, sapping much of the operating cash he had set aside for the September 2011 opening.Although business was brisk from the start, operating without that $80,000 was tight. So one month after opening, Calderon applied for a cash advance from ExpressBusinessLoans.com, which works with businesses doing a high volume of and debit card transactions in exchange for a percentage of future sales.

Continue reading this article - and everything on Entrepreneur!

We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.

Entrepreneur Editors' Picks