Summer is finally here, and food lovers everywhere are coming out of hiding. For the majority of restaurants in the US, this means a boost in sales by as much as 20% as winter comes to an end. To prepare for the busy months to come, most restaurant owners start looking for restaurant business loans to help with financing.
The faster you’re funded, the sooner you can start preparing for the summer–or at least what’s left of it. Remember–it’s never too late!
Here are the four of the fastest restaurant loans NBC has to offer.
Click here to fill out our 1-minute application to get funded in as little as 24 hours, or read on for more information!
Fast funding opens up opportunities, but not every business owner is comfortable taking on debt. What happens if you don’t have the cash on hand to prepare for the seasonal boom in business and instead try to push through with the equipment, inventory and manpower you have on hand?
You could get through the season just fine, but you’ll never know what opportunities you missed out on by not taking advantage of a little extra cash to make strategic changes and upgrades. Or you could fall victim to some of the common mistakes business owners make during busy seasons, including failure to:
There’s also the problem of how failing to prepare affects the customer experience. If your equipment is slow, your point-of-sale system is outdated or you’re understaffed, service will suffer. Dissatisfied customers don’t leave good reviews, and their feedback could have a negative effect on your brand from which you may never bounce back. You’re better off identifying where improvements can be made and implementing them before the hot weather brings a rush of customers to your door!
If your answer involves using the extra capital for quick fixes and business improvements for your restaurant, including:
Then the financing advisors at NBC suggest you secure one of these 3 restaurant business loans to gets you fast access to the capital exactly when you need it, so you can seize your opportunity for growth this season.
Why are fast loans important when preparing your restaurant for the summer? It all comes down to planning. If you get stuck waiting for a lender to review and approve your application or are held up by a slow underwriting process, you’re likely to be overwhelmed by the summer rush before you can make any real plans for seasonal improvement or growth.
Flying by the seat of your pants in any industry doesn’t work, but it can be particularly disastrous for a restaurant. You want to enter the summer season ready to deliver the dining experience and level of service your customers expect. To do this:
Achieving the perfect balance for your restaurant requires proactive practices, like seeking out fast funding options and investing the money in growth that will benefit your restaurant not only during the summer but also throughout the rest of the year.
Contact one of NBC’s expert financing advisors at (877) 482-3008, available 24/7 to listen to your story, and find you the perfect restaurant business loan to help your business make this season your busiest yet. Or, fill out NBC’s 1-minute, 1-page application online to get approved in as little as 24 hours.
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Megan Capobianco is the Marketing Manager at National Business Capital & Services. Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.