There are thousands of small businesses
such as restaurants who require periodic funding in the form of restaurant business loans. Most small
business owners are unaware of the policies of banks when they approach the
bank looking for restaurant financing.
Typically, banks are not keen on providing funding to small businesses because
these are considered to be high risk investments.
As a private lender, Funding Easily
provides small business loans to
restaurants and our criteria are very different from that of banks. Banks
require a high credit score as the first criteria for restaurant funding or any other kind of small business loans.
Our criteria are very different from those
of banks, and are as mentioned here as follows; The business owner should not
be in any form of bankruptcy during the application or the restaurant loans process. The restaurant needs to be at least 12
months old and a running business. Finally, the gross income of the business
every month should be at least $10 thousand or over. These are simple criteria
that we have for providing funds to small businesses, and these practical
criteria enable most small businesses to qualify for the funding.
In addition to this we also have other
features that make the entire process of applying for restaurant loans bad credit easier and more practical for
businesses. Our requirements have little to do with the credit score of the
business owner, and we often work with businesses whose credit scores are in
the mid-500s.
In addition to all the easy parameters and
criteria we have already mentioned, there is yet more. We do not require
collateral and security or any kind of personal guarantees either to provide business loans for restaurants and this
makes the entire process feasible for thousands of small business owners.
Our time frames to provide business funding for restaurants is
also very quick, and at the quickest we are able to process the application and
deliver the funds into the business owners account within 48 to 72 hours.
Contact us for more information related to restaurant financing companies and our
funding team will provide you with the information you require. Alternately,
you can also click on the ‘get started’ tab and fill in the application form.
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