Bagel Shop Business Loans & Financing
There are two types of people in the world: morning people, and everyone else. If you’re fortunate enough to be a morning person, good for you. If you’re like the rest of us and hopping out of bed in the morning is a bit of a struggle, you probably rely on either your favorite coffee shop or bagel store to start your morning off right.
But who do these businesses rely on when they need a little pep in their step?
Running a small business like a bagel shop requires long hours and careful planning. But beyond the preparation and work, it can also be very expensive. Getting the materials and machines you need to best serve your customers is vital to the success of your business, especially in a crowded bagel shop industry.
Merchant inventory financing and business equipment funding can help your store get a jump on the competition, and the most common way to get this type of funding is with bagel shop business loans.
Traditional Bagel Shop Business Funding: The Pros & Cons
Bagel shop business loans with traditional lenders have long been the go-to option for businesses of all sizes.Recently, taking funds with banks and other major financial institutions has become difficult for smaller companies.
When deciding where to apply for a bagel shop business loan, it is important to consider what your business needs and how fast you need it. To help you decide if a traditional bank loan is what you need, here is a list of some of the benefits banks have to offer their applicants and some of the downfalls.
|Have long been the go-to option for businesses in need of instant approval loans.||Have made it harder for small businesses to qualify without providing some type of collateral.|
|Lower interest rates than most alternative funding options.||Lengthy waiting periods, sometimes taking the better part of three months just to inform applicants if they have been approved.|
|Consistent monthly payments over longer periods of time.||Nearly impossible to qualify for with bad credit.|
|Relationship with a professional banker.||Extensive and confusing paperwork.|
Finding the Bagel Shop Business Funding That’s Right for You
If you don’t have the best credit score, are sick of hidden terms and fees, and need bagel shop business funding now, then applying for a bank loan might not be your best option. Fast Capital 360 offers quick and easy online business funding that can get your business the cash it needs to grow as quickly as the following business day.
Our online application is simple and easily understood, taking just minutes to complete. Most of our applicants receive a decision on their funding in under an hour as well, which we feel is a real advantage for a small business owner in a jam.
If you need bagel shop business funding fast, don’t expect a traditional lender to make an exception for your business. Call Fast Capital 360 today, and you could have the funding you need to make changes to your business by the end of the next business day.
Call us or contact us online today and learn more about how our bagel shop business funding can help you grow your business.