Restaurant Leasing
CRS is able to offer business loans which are able to get your restaurant off the ground or improve your cash flow or provide funds to acquire a suitable restaurant leasing arrangement. CRS operates differently from traditional financial institutions in that they are able to offer new ventures the much needed funds to begin their restaurant business. Our approach to offering business loans within the restaurant industry, either new or existing is largely more flexible than that of conventional financial institutions. CRS takes into consideration the type of business you are operating, as well as the intended purposes of the funds. In some cases we look at the credit history of the establishment and perhaps that of the owners of the intended restaurant. However, we are not as rigid and inflexible when it comes to granting business loans to restaurant owners.

When you submit your loan application for either an intended restaurant leasing, we take into account if previous credit problems can be corrected and we look at the current strength of your establishment as well as future business trends. It is important to note, however that CRS is not a lender and we work off a principle of buying future sales of your restaurant, which is often referred to as “future receivables”. When you attain a loan from CRS with intent to find the correct restaurant leasing option that will provide the functionality and practicality needed to run your successful restaurant venture, CRS implements the principles of future receivable.

This method, allows CRS to purchase Visa and MasterCard sales from your restaurant. When CRS buys the Visa and MasterCard sales from your restaurant, CRS deducts scheduled payments from the Visa and MasterCard sales. In this way there are no monthly billing statement, no invoices and no payment coupons for your busy restaurant to review. The transactions as well as repayments are done automatically and therefore allowing your restaurant to operate without the added hassle of writing out checks or worrying about monthly bills. This process allows you to source and secure the most suitable restaurant leasing option available, as you will have cash in hand to negotiate the best possible deal.

Once your business loan for your intended restaurant leasing has been implemented, CRS then calculates a daily payment amount required. The original purchase price as well as the total amount to be purchased will determine an estimated payment period, thus allowing CRS to calculate the amount of daily Visa and MasterCard sales to be deducted for repayment purposes. Once your restaurant if funded, these calculated deductions are done automatically from the daily Visa and MasterCard sales.

In order to quality for a for the business loan for the intentional restaurant leasing option, a minimum amount of $3000 Visa or MasterCard sales per month is needed. This required criteria, as well as proof that your restaurant has been established for at least a six month period. However you may be eligible should you have the necessary previous experience in the restaurant industry. On approval of your business loan for a restaurant start up or restaurant leasing, the requested money will be electronically deposited into your banking account. Each time a customer pays with a MasterCard or Visa, a small percentage if set aside, it is with this set aside percentage that goes towards paying off your cash advance. There are no bills, no fuss and no dreaded monthly statements.