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If you are a small restaurant owner, you may have to spend a lot of money in purchase and repair of commercial equipment. The problem here is that not many financial institutions, including banks and private lenders, easily give loans to small business owners. Even if you are able to obtain the loan, the fees and charges will significantly inflate the original loan amount. This places a great financial strain on the company.
For cash strapped small restaurant owners, the best option is to contact lenders that offer restaurant funding solutions. Here we will provide tips on how you can obtain funding for your small restaurant inexpensively.
Restaurant Industry Funding: How to Obtain Funds Cheaply?
Many lenders considered restaurants to be a high-risk business. Obtaining loans to manage your small eatery is a tough job. You need to submit a lot of paperwork and fill lengthy application forms. Most lenders require collateral for obtaining the loans. Moreover, they require a high credit score to qualify for the loan.
You can avoid all these hassles involved in obtaining a loan by applying for an alternative restaurant funding. Some lenders offer loans that are especially designed for restaurant industry. Whether you want to obtain a loan to open a new restaurant or meet the financial needs of the existing restaurant, lenders that provide restaurant funding options will have you covered.
Accountable Capital offers restaurant funding solution for small restaurants. The funding program ranges from 3 to 12 months. You can obtain loans as much as 200% of your gross average. What’s best about the funding option offered by Accountable Capital is that you can get instant approval. There is minimal paperwork required to obtain the restaurant funding loan.
An experienced team of financial experts will review your loan application and approve it if you fulfill certain requirements. A high credit score or collateral is not required for obtaining this loan. You can get approval in as little as two days.
Final Remarks!
Obtaining loans is difficult especially for small restaurant owners. Trying to find a lender that is willing to work with you is not that easy. The best option for small restaurant owners is to apply for restaurant industry funding offered by Accountable Capital. The funds can be obtained easily without going through complex paperwork.
Moreover, it’s easier to repay the funds. Lenders customize the repayments to match the cash flow of the business. You can easily repay the loan amount when you receive payments from your customers. This offers greater flexibility as well as convenience in paying back the loan.
In case you want to get working capital loan for your small restaurant, you can contact us here. We make it easier for small restaurant owners to obtain the required funding without paying a high upfront cost or application fee.