LAUREL, Md., Aug. 24 /PRNewswire/ -- Rather than conventional bank financing, an alternative funding source of private capital is available to restaurant owners seeking business loans to expand current operations or acquire another facility. "What restaurant owners appreciate about this new funding source is that it's not based on the owner's credit score, but rather on the strength of the owner's business plan," says Christopher Sewell, President of FinancialCI, Inc, who specializes in brokering private capital to restaurant owners.

According to The Hill, a Washington, D.C.-based congressional newspaper that focuses on business and politics, Obama's $30 billion dollar small-business legislation designed to stimulate lending to small businesses is stalled in the Senate with little prospects of passage. The main goal of the legislation is to provide banks that have less than $10 billion in assets incentives to lend to small businesses.

"In this new financial climate, restaurant owners struggle to find the business loans they need to hire more staff, expand or make acquisitions, because local banks are afraid to make business loans," says Mr. Sewell, who authors marketing advice to restaurant owners. "An alternative funding source for restaurant owners is private money loans," says Mr. Sewell, whose private capital source funds small and large restaurant owners based on future sales projections of the establishment.

The private fund source brokered by Mr. Sewell provides loans from $100,000 to $9 million and has three main criteria restaurant owners must demonstrate before approval:

• A strong business plan that outlines the experience level of the owners and how the funds will be used to increase the revenue of the restaurant
• The owner's personal credit report must not contain any bankruptcies, foreclosures, liens, judgments, or collections; however, the overall score isn't a factor
• A valid business license and other supporting documentation to establish the restaurant as tangible and legal

Mr. Sewell, who graduated from the University of Virginia with a bachelor's and master's degree in Electrical Engineering, is offering restaurant owners a free copy of his most recent article, "How To Use Online Classifieds To GET MORE BUSINESS To Your Restaurant IN THE NEXT 30-Days, 100% FREE!"

To receive a free copy of Mr. Sewell's article and to get a free 30-minute private consultation on how his private capital source can assist restaurant owners expand current operations or buy another restaurant, please contact Mr. Sewell directly at 301-549-1454 or visit http://www.ExpressFundingSolutions.com/restaurant/

This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

SOURCE Christopher Sewell

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http://www.expressfundingsolutions.com/restaurant