Restaurant Business Financing
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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
Web Based, Home Based Business to Brick and Mortar
While much of the country is in a recession, with the economy tanking, real estate foreclosures, and federal rate cuts – its going to be a hard year for many small businesses. Not to mention many American families.
And while my business on one hand IS feeling the pressure, a lot of my formerly flush clients just don’t have the money, yet still have the necessity for business coaching, freelance writing & business support services.
I’ve been tossing around the idea of going non profit, and maybe brick and mortar for some time. I’d still accept online and long distance clients however, but I feel that my expertise in running a business and managing people could actually help the economy.
I look at it like this… if I can create opportunities for others to make money in my organization, I’ll make money too. More success, more mouths fed, more people that can survive the economic hardships facing us this year.
I’ve been “tire kicking” – looking at online real estate sites and scouting some possible business buys. If I can get the funding for a whole building, that will be the way to go. If I cannot… places to lease.
March 27, 2008 No Comments