A merchant cash advance is a simple financing option for businesses that accept card transactions via point of sale (POS) terminals. Based on your previous sales history, you receive cash upfront in exchange for a fixed percentage of your future POS sales.
Johnsonz Cafe has been in operation for 3 years and has since won over the hearts (and stomachs!) of many of its customers. They serve freshly-brewed coffee, wine, pastries, as well as light continental and local meals.
WHAT WAS THE NEED?
At the time, we needed to renovate our store due to its dilapidating state and we also wanted to improve on its look, which we believed was going to increase sales for us at that time. However, we didn't have enough funds to carry out the renovation.
HOW DID THE POS MERCHANT CASH ADVANCE HELP?
We heard about OneFi and Unified Payments POS Cash Advance for Merchants from one of our suppliers and it was just what we needed! Most of our customer sales are done via POS which made it easy for us to get an advance on the amount required, based on our monthly transaction volumes.
01-631-1215 | 01-460-9945