Why Wait for a Small Business Loan when You Could Get Up to $250,000 in Just Days!
For anyone in the restaurant business, constantly innovating in order to remain at the top of the game is essential. Today, with the world becoming a smaller place, eating out is a bigger pass time than it ever was. This means that restaurants have to keep improving on themselves in order to get customers to visit them repeatedly. In order to be able to do this, they will need to have a constant flow of cash that they can use intelligently.
Every new restaurateur knows that the seed capital is something they are going to eat through rather quickly. A few months into the business there is going to be a pressing need for cash in order to keep the business afloat and to incorporate changes that may be needed to improve on the business of the restaurant.
A restaurant loan can be applied for from a leading financial institution. However, there can be a few restrictions related to this. For one, you need to have a good credit rating in order to be eligible. Also relatively new restaurants are considered highly volatile and therefore not eligible for loans. If you do cross the eligibility criteria, chances are that the loan amount you are looking for has a cap on it and is not enough for the purposes that you require. And finally the entire process from application, to submission and verification of lengthy documentation to approval and the final receipt of payment can take close to a month. By this time chances are that you will need more than you get as a loan amount. In most cases, bank loans place a restriction on what the money can be used for.
Rather than go the bank loan way you could consider going in for a small business loan which can make as high as $250,000 available to you in a very short span of time. It has a 90% approval rate because it does not take into account your credit history. It also doesn’t matter to the lender how long you have been in business. These loans are given to you on the basis of future credit card sales that your business is going to bring in. If you have around an assured sum of $5000 a month coming in, these are the perfect kind of funding that you can go in for. The repayment period is spread over a year at most, though you can speak to your lender about an extension.
Published by Malvin Flec on June 22nd 2012 | Loans
Published by Ponting Sarad on July 4th 2012 | Loans
Published by Gillbert Alvi on May 14th 2012 | Loans
Published by Carol Moore on December 15th 2011 | Loans
Published by Johntygolf on March 30th 2012 | Loans
Published by Peter on January 11th 2012 | Loans
Published by Alexander Thomas on December 12th 2011 | Loans
Published by David Hassia on May 9th 2012 | Loans
Published by Christopher Michael on June 5th 2012 | Finance
Published by Alec Browns on December 26th 2011 | Loans
Published by Adam Felix on July 14th 2012 | Loans
Published by Kelin Smith on June 27th 2012 | Loans
Published by Taren Bush on June 5th 2012 | Loans
Published by Bailey Molton on January 5th 2012 | Loans
Published by Jack on April 7th 2012 | Finance
Published by Karen Rase on July 3rd 2012 | Loans
Published by Abell Bush on June 2nd 2012 | Loans
Published by Karen Rase on June 2nd 2012 | Loans
Published by Jaren Lese on July 12th 2012 | Loans
Published by Alan Poly on February 20th 2012 | Loans