Restaurant Groups Secure Startup-Friendly Credit Seamless Funds Access
Types of Credit Solutions Available
1. **Business Credit Cards**: These are ideal for managing day-to-day expenses and can offer rewards or cashback on purchases, which is beneficial for frequent expenditures like inventory and supplies.
2. **Lines of Credit**: A flexible option that allows you to borrow up to a certain limit and pay interest only on the amount used. This is particularly useful for handling seasonal fluctuations in revenue.
3. **Equipment Financing**: Specifically designed to help you purchase kitchen equipment or renovate your space, often with lower interest rates compared to unsecured loans.
4. **Merchant Cash Advances**: This option provides a lump sum upfront in exchange for a percentage of future sales, offering quick access to capital but typically at a higher cost.