New_York_Charlie
New member
I have been getting a lot of phone calls lately. Only been in business since end of last july and now all these shady companies are trying to “give” me money. They never do answer my question when I ask about fees, interest rates, etc. I currently have take-out and delivery only. I want to expand to have dine in but need handicap accesible bathrooms. I also want to put a deck on and offer beer and wine to lure a younger crowd on friday and saturday evenings. My problem is cash flow. For the first seven and a half months I couldn’t get a handle on food costs so with an average of $7000 a week, my food cost was 40% and I wasn’t exactly getting rich, then april hit and I finally figured out the food cost puzzle, got my costs down to 31% but my sales were lagging at $5700. Now if things rebound in May I will be taking a decent chunk out but not enough to do what I want to do…so has anyone else had any experience with one of these companies that do the credit card sales cash advance? I am being offered about $11500 which will be just enough to accomplish my projects but I am wondering if I have to give my first born child to them to pay them back. Since they won’t give me any answers up front I was hoping the forum could help.
Thanks…New York Charlie
Thanks…New York Charlie
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