Reasons to choose a Non-Bank Lender for your Restaurant Requirements

Reasons to choose a Non-Bank Lender

Since non-bank lending for restaurants is not authorized deposit-taking institutions, they usually don’t depend on client deposits to finance their restaurant loans. Rather they get their financing for the wholesale money market, where established organizations invest. Financial institutions depend on deposits for a portion of their funding, and so they have to go to the market for the remaining portion …

Steps of Securing a Restaurant Business Loan

For you to obtain a restaurant business loan, you must convince your potential lender that you can repay the loan on time. You can achieve this with the help of a proper business plan, credit information and equity structuring. Follow these straightforward guidelines to obtain a loan suitable for your restaurant, and you will be awarded lowest rates on your …

Pros & Cons Merchant Cash Advance Vs. Bank Loans For Restaurant Business

Merchant Cash Advance Vs. Bank Loans

Your restaurant business is going well and growing, but to keep you ahead of the competition you need more capital to finance your business plan to continue to grow. Unless you win a lottery or inherit a lot of money, getting loans from financial institution would be your best choice.  Unfortunately, for traditional banks, the restaurant industry is seen as …

4 Advantages of Using Merchant Cash Advance For Your Restaurant Business

Traditional banks are less eager to give loan for restaurant business due to the high-risk nature of the industry. This situation makes it difficult or almost impossible for most restaurateurs to get a loan to grow their businesses. Fortunately, there are still options for restaurateurs to securing a loan for their businesses. Merchant cash advance is one of the funding …

Why Small Businesses need to consider a Non-Bank Loan

Note that understanding the dissimilarities between how banks give out loans and how alternative lenders lend their cash based on various regulations is not something that business owners are ready to learn. Bear in mind that before the traditional banks were introduced, there were private creditors, merchant, and traders. Currently, there are private lenders, wholesale funders, contributory, pooled investment schemes, …

Top things to look when securing a small business loan

A loan for a business gives it an opportunity to expand, to finance expenses and increase revenue. A business owner must, however, understand that taking a loan comes with the responsibility of repaying it within the stipulated time and in the agreed amounts. A business owner has to understand key aspects surrounding the process of taking a loan, for the …

Top 5 sources of working capital loan

sources of working capital loan

It is evident that the majority of businesses have sufficient cash reserved to finance seasonal working capital needs. Nevertheless, this is very rare for new business. If your new business venture is experiencing a need for a short-term working capital throughout its first few years in operation, you will have numerous potential sources to get the funds. Note that the …

Top 4 Ways to Get Working Capital for Your Small Business

Working Capital for Small Business

Currently, small business owners have many alternatives to getting a working capital than before. Despite the fact the increased number of alternative is abundant; it can be overwhelming to know which one of the alternatives is suitable for your business. SBA loans Note that SBA loan is suitable for long-term working capital investment and its best for entrepreneurs who have …

Things to know about small business loans

small business loans

Small business owners have to go through frustrating and complicated long procedures in pursuit of a loan from lenders, despite the fact that their small businesses form the core of any economy. Small business is often disqualified during the application process, as lenders aim at making a profit and not being charitable to businesses. There are key things any applicant …

Top 6 reasons why you should consider securing a loan from a non-bank lender

securing a loan from a non-bank lender

Simplified loan application process The good thing about non-bank lenders is that once you approach them for a loan, they will only ask for information that relates to their lending criteria. The majority of the non-bank lenders are only interested in the asset or cash flow they will be giving money on. When securing a loan from a non-bank lender, …