Retail Capital Offers South African Restaurant Owners Financial Relief

Cape Town, South Africa, October 19, 2011 --(PR.com)-- The Restaurant industry is fast-paced and ever changing, which makes it dynamic but also extremely challenging. Cape Town based financial company, Retail Capital, offers South African Restaurateurs a finance option that is able to serve their needs for flexible, convenient and instant access to capital that enables them to respond and adapt to changes within the marketplace as and when needed.

Restaurants are a popular choice for people looking to enter the small business market as "the need" is already established within the minds of the consuming public. However, for this reason, the restaurant industry is also very competitive and restaurant owners need to differentiate themselves within the marketplace in order to achieve longer-term success. It is this constant, competitive fluctuation that has resulted in traditional lending sources deciding to limit the access to finance for many restaurant owners making it harder to invest in future growth.

For the first time in South Africa, restaurant owners can find respite in Retail Capital’s alternative funding solution for small to medium businesses and restaurants in particular. The product, called a Business Cash Advance, allows small business owners to leverage an asset that the banks do not even consider; their future debit and credit card turnover. Simply put, Retail Capital will buy an amount of future card turnover, for a discounted price paid immediately. An agreed percentage of the future debit and credit card transactions are then passed over to Retail Capital, until the total amount purchased is realised.

Each advance is tailored to the specific needs, capabilities and turnover of the business, with no personal financial surety required from business owners. As the pay over is based on turnover, it ebbs and flows with the business cycles, ensuring that pay over is more affordable than fixed credit installments.

“There is nothing greater than to wake up in the morning with a great idea on how to make more profit, cut costs and increase turnover. In this economy, accessing excess capital fast is not what it used to be. This is where Retail Capital came in, and they have made our life a lot easier,” says Oscar Kotze, owner of Beluga Restaurant in Cape Town.

In order to qualify for a business cash advance, restaurants will need:
· To have been operating for at least 6 months
· A track record of debit and or credit card turnover
· Have an established business location

Applicants will be required to supply merchant information detailing card turnover and contractual agreement, recent bank statements and a copy of the mortgage/lease agreement. In addition, key references will be requested. Once these documents are received, applications can be processed and money dispersed within as little as two - three weeks.

For restaurant owners specifically, a business cash advance can assist them to maneuver their restaurants through obstacles such as the need for new equipment, additional staffing requirements, renovations and revamps or simply to assist them through slower turnover months due to decreased patronage. In this way, restaurant owners can react to the needs of the market effectively and efficiently ensuring that they remain both competitive and profitable.

About Retail Capital
Retail Capital is a South African based company providing business cash advances to companies that accept credit/debit cards. We are committed to ongoing partnerships with our customers based on trust, professionalism and mutual benefit. Our products and services offer innovative solutions that seamlessly integrate into our clients' business, delivered through operational excellence.

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