Bruno’s Pizza was founded in 1990 and was the first pizza shop in the area (Emerald Coast, FL). Jeff who was 23 at the time and had just left his job had decide to move to Florida with a plan to wait tables for the summer. Little did he know that the following year he would be acquiring the restaurant from his boss and running it for decades to come.
Running a small business is difficult. There are many things to worry about. At first, Jeff was struggling to manage the kitchen and the business. But then, as things started to pick up, he started to worry about managing cashflow. Jeff had built a great business, but he was still considered too small for the local banks. Plus, he did not have the personal assets to provide a guarantee for that loan. As a result, Jeff could not get the money he needed to manage and grow his business. He needed a simple and flexible working capital solution from a funding source that would look at his business’ performance and not just at his personal credit score and assets.
Merchant Capital Source approved Bruno’s Pizza for a Cash Advance. This allowed Jeff to access the working capital he needs to grow his business without having to worry about making any payments (since they are automatically deducted from his credit card sales). Moreover, he also feels relieved that the payments he is making are not fixed, they are a percentage of his sales. So, when hurricane season comes to Florida, and Jeff’s sales go down, his payments also go down.
The Cash Advance from Merchant Capital Source has helped Bruno’s Pizza manage cashflow easily and worry free. Which has allowed Jeff to focus on making the classic old-school pizza that has allowed the business to thrive for 30 years.