Restaurant Funding

Need Funding for Restaurant? 

If you run a business in the hospitality sector, you know that it can sometimes be a challenge to keep up with the perpetual demands of the industry and still have enough money put away for a rainy day.  When you are running a restaurant financing, you are not just planning menus; you also have to plan how you prepare to survive in any economy.  What good is having the best lasagna in town, if you can’t pay for new equipment or hire that exciting chef?

Restaurant FinancingWhether it is your first time out or you have been in the business for years, it is always a good idea to keep and maintain a business plan that includes a financial plan.  A business plan gives a general description and purpose of the restaurant financing. It also provides research and insight to support your concept. Not only is it important to gain financial support from lenders, it helps educate and prepare the owners and operators as to the plans for the business. A financial plan, which should be part of the business plan, allows you to plan for growth. It allows you to see what assets you will need to maintain the business in year one, five, and beyond.  For that reason,it should be updated every year.

Once you have a handle on the restaurant’s costs, you can evaluate what you will need to borrow to help fund improvements. It will also come in handy when those sudden emergencies come up.  Sometimes, you need to look into short term funding and having a business plan on hand will help you best determine the type of financing you need.

Whether you’re looking to grow your bar or nightclub, renovate your restaurant space, purchase new kitchen equipment for your food truck, or hire more housekeepers for your hotel financing or motel, Fast Capital 360 can find the right agreement for your hospitality business.

Here is an example of a club in New Hampshire that was able to improve its bottom line with funding from Fast Capital 360:

  • The Purple Parrott:Annual Sales
  • Before:$275,000
  • Fast Capital 360 Improvement:+18%
  • The Purple Parrott:Employees
  • Before:7
  • Fast Capital 360 Improvement:1 New Employee
  • The Purple Parrott:Cash Flow
  • Before:Strained
  • Fast Capital 360 Improvement:Able To Grow
  • The Purple Parrott:Business Credit
  • Before:
  • Fast Capital 360 Improvement:Partnership Established
  • The Purple Parrott:Annual Sales
  • After:$325,000
  • Fast Capital 360 Improvement:+18%
  • The Purple Parrott:Employees
  • After:8
  • Fast Capital 360 Improvement:1 New Employee
  • The Purple Parrott:Cash Flow
  • After:Positive
  • Fast Capital 360 Improvement:Able To Grow
  • The Purple Parrott:Business Credit
  • After:
  • Fast Capital 360 Improvement:Partnership Established
+
Before
  • The Purple Parrott:Annual Sales
  • Before:$275,000
  • Fast Capital 360 Improvement:+18%
  • The Purple Parrott:Employees
  • Before:7
  • Fast Capital 360 Improvement:1 New Employee
  • The Purple Parrott:Cash Flow
  • Before:Strained
  • Fast Capital 360 Improvement:Able To Grow
  • The Purple Parrott:Business Credit
  • Before:
  • Fast Capital 360 Improvement:Partnership Established
+
After
  • The Purple Parrott:Annual Sales
  • After:$325,000
  • Fast Capital 360 Improvement:+18%
  • The Purple Parrott:Employees
  • After:8
  • Fast Capital 360 Improvement:1 New Employee
  • The Purple Parrott:Cash Flow
  • After:Positive
  • Fast Capital 360 Improvement:Able To Grow
  • The Purple Parrott:Business Credit
  • After:
  • Fast Capital 360 Improvement:Partnership Established

For more information on why Fast Capital 360 is the best choice for your restaurant business, contact us today at 
800-735-6107

5 minutes stands between you and getting the funding that you need.
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