When I needed money to finance my restaurant, I turned to Merchantcashgroup.com. My restaurant was like my baby, and when I risked losing it over some faulty electrical that nearly caused the entire place to burn down, I needed a substantial amount of cash to help me get back up and running, as well as replace all of the old electrical cables and outlets. By law I would not have been able to reopen if I didn’t do it, so it was extremely important to be able to get the money as soon as possible. The worst part was that my insurance didn’t want to cover it because of the nature of the incident. They said it should have been disclosed and repaired and that they do not cover such liabitlies. Excuse me!!! Why do I even pay insurance then??? When I went to the bank, they flat out refused me and told me that my business (and me) was too “high risk” and that because of some late payments I had from the past. It was really hurtful, especially since I know everyone that works there (from a really small town). So to say the least, it was embarrassing, and I felt like everyone knew my situation and was talking about how I would reopen, obviously having little faith in me.
When I left the bank that day, I was determined to find a way to get that money and get back up and running as soon as I could. When I started researching other options online I came across the Merchantcashgroup.com and I was sold instantaneously, I filled out the information and hoped and prayed that they would get back to me with positive news. For me this was a shot in the dark and I didn’t know what to expect from what their website said, I thought I might stand a chance though. They offer loans up to $250,000 dollars and you can receive the cash in 7 days. If you’re wondering why I chose this particular company over the many others, it’s because I really liked the repayment method. They basically purchase your future credit card sales, and take a percentage of the amount that you make on a monthly basis, there is no set structured payment every month, so if your sales are lower one month, you won’t have to break the bank to try to pay them back. So I was approved and I was ecstatic. I got $150,000 to start to rebuild my kitchen (which is what partly burned down) with this money I could purchase new appliances and pay for the new electrical work, I also had plenty of extra cash to help me get back since I had lost a few months of sales due to the renovation. Thankfully that did not affect my chances of getting the loan. They looked at my sales prior to that and I was fine. Thankfully I still had one part of my cafe open, so that customers could still have their coffee fix.
I cannot possibly write this review without thanking the kind customer service rep that helped me out. She was so nice and helpful to me. It was definitely a great experience and in the end I was happy to rub in to everyone at the bank. Ok I know that’s not very nice! : P