Eschewing banks, some operators find fast, favorable financing with cash advance firms

Eschewing banks, some operators find fast, favorable financing with cash advance firms

After a small group of individual investors bailed out of Arlene Weston’s restaurant venture, the owner of Maroon’s, a Southern and Jamaican restaurant in Manhattan’s Chelsea section, turned to a cash advance firm to stay in business and fund future growth.

Through four agreements with AdvanceMe Inc., a Kennesaw, Ga.-based subsidiary of Capital Access Network Inc., Weston obtained $750,000 that allowed her to expand her eatery from 35 to 100 seats and open a second Maroon’s in Harlem’

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