Restaurant Finance
Posted on Wed, Oct 19, 2011 @ 10:15 AM
Restaurant Financing Challenges
Restaurant financing is difficult because many conventional lending institutions wrongly believe that restaurants are simply too risky; and will not service that market. For others, the fact that there are not large inventories available for collateral deters them. And, the lack of receivables eliminates factoring as a possible source of cash. The high turnover of some restaurants also lessens the credit worthiness of this industry in the eyes of some standard lending institutions. Even your demonstrated record of past success is not likely to impress staid bankers sufficiently to shake the cash loose.
Conventional lenders may demand inflated interest rates; or, set other conditions that can make the loan less desirable. The lender may want to back the loan with home equity or some other personal guarantee which can unduly put the restaurateur’s family at risk. A home equity loan will not build your business credit record. Rather it strengthens your personal credit record. And; if the cash requirement is urgent: for equipment repair, or to meet the happy need for increased payroll due to increased business, traditional financing sources simply take too long. Even if a loan is available from traditional sources, it will require valuable hours from you to search for sources, complete the paperwork and negotiate the terms of the loan. Your job is to continue to meet your customers' expectations for service, not wallow in paper work.
Restaurant Financing Solutions
Whether your need is for an emergency or for start-up funds, there is an on-line source of financing that is based on the belief that you will succeed; and, that can arrange for cash in one week or less with variable payments matched to your variable business activity. This is the modern way to obtain cash - FAST.
Principis Capital can provide the cash you need within a week or sooner without the requirements for intensive paper work, and without the need for physical collateral. Even better, Principis Capital is not just another small business loan source; Principis Capital specializes in restaurant financing.
Principis Capital’s restaurant financing will provide cash for your business with a minimum of your time. We understand the intricacies of the restaurant business. First, compare how a cash advance for your restaurant from Principis Capital differs from traditional sources. Then, see how Principis Capital’s specializing in restaurant financing can solve your problem.
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