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Narrowing Down Choices

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In choosing a space for my business, I have a couple of things to take into consideration.

I can choose to get space enough for what my needs are now – at a lower cost. Possibly. The downside to this is having to deal with the logistics of a move, in a year or two.

Or, I can choose to get more space, in preparation of growth. Wont have to move later, but may need more financing now.

And it all hinges, I suppose, on what kind of business start up money I get. Ah, the joy of grant application writing!

March 29, 2008   No Comments

Restaurant Business Financing

You’ve got it! You know it. You know you have in your hand the business plan to the next killer restaurant. You can see celebrities and citizens rubbing elbows and tummies as they dine on your delectable selections.

You’ve got the space picked out, the chef in mind, right down to the logo for the sign and the paint for the interior.

But you’ve got a problem.

You need money. Now. And your small business grant will not pay out for 30 days. Uh-oh.

That situation is exactly why ARF exists. They will likely not finance your business forever. (Unless your idea sucks and you’re out of business before you repay the loan.) What they DO is loan your business money to tide you over until your other funding kicks in.

Exactly. This is the lifesaver to help you not get your power shut off and locked out of your building while you are waiting for your other grants and loans to make it through the red tape of government bureaucracy.

Advance Restaurant Funding provides working capital for merchants, with benefits like early repayment options and funds available in as little as 5 days. They’ve been around since 2001, and while they are based in California, they fund restaurants all over the country. With terms of 26, 40, or 52 weeks, depending on your situation, they probably have an option that you can work with.

For more information about Restaurant Funding, check out what ARF can do for you!

March 27, 2008   No Comments