Why a Butcher Shop Business Loan Can Help You Become a Cut Above
As a business in the food industry, you rarely experience much of a slow season, especially as a butcher shop in the United States.
According to the USA Today, the average American ate 55.6 pounds of beef in 2016, the second largest amount of meat consumed that year by any nation.
Because we love meat here in America, the butcher shop industry is one of the most demanding lines of work in the country. Meeting the high demands of consumers and businesses is no easy task, and getting your business the right staff and equipment to succeed isn’t cheap.
Satisfying the never-ending demand in the meat industry requires a combination of hard work and the right apparatus to get the job done efficiently. Equipping yourself with the right tools and preparing your business to succeed can sometimes fall outside of your financial budget, but that doesn’t mean it’s unfeasible.
Butcher shop business loans afford these companies the financial freedom to improve the way their business functions, without having to stretch themselves thin.
How to Know if a Butcher Shop Business Loan is Right for You
When companies encounter the need for butcher shop business funding, the first option that comes to mind is a traditional lender, such as a bank. However, banks do not always fit the needs of small businesses the way other cash flow lenders do.
Fast Capital 360 offers unsecured business funding that functions much like butcher shop business loans with banks except with a more concise and transparent process.
Here are some of the major differences between butcher shop business loans with banks and funding with Fast Captial 360:
|Banks||Fast Capital 360|
|Require applicants to fill out excessive paperwork, much of which is confusing and redundant.||Use an online funding application that only takes minutes and is designed to be easily understood.|
|Ask applicants to provide collateral in their loan agreements.||Never require applicants to pledge personal assets.|
|Can take up to three months to provide an applicant with a decision on their business.||Most applicants will know what they qualify for in under an hour.|
|Employ a strict repayment structure that can be constricting.||Flexible repayment models ranging from daily to weekly payment options.|
|Require long-term contracts that can tie up your business for longer than you may like.||Primarily short-term business funding that is repaid over a 4 to 15-month term.|
Qualifying for Butcher Shop Business Funding With Fast Capital 360
Qualifying for small business funding with Fast Capital 360 is simple and only takes minutes to apply for. If your business meets the following requirements, you may qualify for our fast business funding alternative:
- Annual revenue of at least $120,000
- Personal credit score greater than 520
- Been in business for longer than 6 months
If your business checks off these three qualifications, then chances are you will be approved for butcher shop business funding with Fast Capital 360.
To learn more about the types of funding we have to offer and how we can help your business grow, call us today at 800-735-6107, and one of our experienced business advisors will be happy to answer any questions you may have.
If you’re looking for butcher shop business financing to help you meet the high demands of the meat industry, contact us today and you could find out what you qualify for in under 60 minutes.