Bakery Business Loans: A Recipe for Growth
Just like there’s more than one way to bake a cake, the same goes for the growth of your business – there is no one-size-fits-all solution to business funding. With that being said, knowing what options you have available to your business is key.
Running a bakery is, as we like to say, an all-the-time job. Being a business owner goes far beyond store hours and requires careful planning and budgeting. Every business owner has a larger vision for their business but achieving that goal can sometimes fall a bit outside of their financial reach.
When there isn’t enough working capital on hand to make improvements to your business, bakery business funding might be your missing ingredient.
How to Use Bakery Business Loans to Help Your Business
Businesses across many different industries can benefit from the use of bakery business funding. Here are some of its most common uses:
- Business Equipment Funding – used to repair or replace important business equipment vital to a company’s operations.
- Inventory Financing – also commonly referred to as a retail store business loan, this type of funding can help your business restock its shelves during a busy season, or purchase more expensive merchandise.
- Emergency Business Loan – this type of funding can be used to help you deal with an immediate issue such as the loss of a major client or a canceled shipment.
- Seasonal Business Funding – if your business is located in a tourism-driven economy like a beach town, a bakery business loan might help you better manage your offseason.
There are many other uses for bakery business loans, and, as we mentioned previously, no two businesses are the same. What works for one baker might not work for another.
Is Traditional Bakery Business Funding Right for You?
While the first option that comes to mind for bakery business financing is often a traditional lender, banks and other major financial institutions sometimes prove to be more of a headache than a helping hand.
Bakery business funding with banks is not unsecured, which means it does not offer small businesses the financial flexibility they are looking for in a bakery business loan. This can ultimately put business owners in a more uncomfortable position than they were already in, requiring they pledge personal items like their car or house as collateral.
If you’re looking for more flexibility baked into your small business funding, an alternative funding option might be perfect for you.
Fast Capital 360 offers a fast-funding business alternative that does not require small business owners to pledge their personal possessions to qualify. Our online application only takes minutes to complete, and our funding programs are designed to get you the cash you need as quickly as possible. Some businesses even receive funding by the end of the next business day following the submission of their application.
To learn more about how Fast Capital 360’s bakery business financing can help your business grow, give us a call today at 800-735-6107, and one of our spirited business advisors will happily answer any questions you may have about our funding process or bakery business loans in general.
Contact us today and you could find out if you qualify for bakery business financing with Fast Capital 360 in under an hour.