Obtaining a loan for the restaurant industry presents its own unique set of challenges. Restaurants do not have the types of collateral that businesses usually leverage in order to acquire funding, such as accounts receivable and large amounts of equipment http://ccgfunds.com/do-i-need-to-put-up-collateral-for-my-loan.html. Therefore, restaurateurs usually leverage their personal credit in order to get the working capital they need for the business.
But even good personal credit can only take you so far. That’s why business owners have started using their business revenue in order to get restaurant loans. Many programs exist today to help in this regard. And because collateral does not need to be appraised, the application process is quick and easy. We can help you get approved for a business line of credit or business term loan for your restaurant.
If you are looking for a quick business loan for your restaurant, our specialists at Central Capital Group can help. We understand the various aspects of the business that make each restaurant unique. We have relationships with banks as well as private lending institutions that allow us to customize a restaurant loan program that works within your margins and cash flow parameters.
Fill out the form to GET STARTED!