Restaurants are expensive. From start up costs to repairs and redesigns, all quick-service leaders need access to cash when it’s needed most. Whether a brand is opening its first restaurant or franchising its thousandth, securing the right funding is crucial. Lending solutions can help owners and operators relieve the financial strain of owning a restaurant, launch bright new starts, or keep a chain relevant in a quickly changing market.
Yet navigating the financial waters is tricky. This makes it critical to find not only the right partner to help a brand make large purchases, but also one that can help guide a brand toward continued success. These partners can help restaurants determine which solutions are best for them right now and as they prepare for their futures.
1. Ascentium Capital
QSR owners can plan their growth strategy by incorporating equipment financing along with a tax strategy for qualifying assets. For 2017, business owners may take advantage of substantial tax savings by applying tax code Section 179: deduct up to $510,000.
To meet your financing needs, Ascentium Capital offers custom structures to the QSR industry up to $1.5 million. Our award-winning finance platform enables you to meet a wide-array of financing needs including funding for new locations, reimaging, POS systems, security systems, LED lighting upgrade, technology, and more. For more information or to request information on 2017 tax incentives, please visit: ascentium.info/qsr
2. CIT Franchise Finance
Whether you own a single franchise or hundreds, CIT Franchise Finance has the experience and wealth of products to provide you with the right financial structures at each state of your company’s growth. Our small cap solutions ($2,000 to $1 million) offer simple, fast financing for single and multi-unit operators through our Direct Capital subsidiary, our mid cap solutions ($1-$20 million) offer structured financing for multi-unit operators, and our large cap ($20-$50+ million) offer senior financing solutions to larger restaurant chains, and private equity sponsors that own or acquire new restaurant companies. Learn more at www.cit.com/franchise.
3. LoanMe
In the fast-paced restaurant industry, one mishap could bring operations to a halt. If a walk-in refrigerator gives out or a delivery truck breaks down, it can be a huge burden to pull thousands of dollars from the business budget to cover the necessary repairs.
Fixing these issues isn’t the only costly thing. Each hour these assets are out of commission results in severe revenue loss. Applying for unsecured working capital can provide assurance that these improvements will be made. Alternative lenders, like LoanMe with a streamlined application process that can quickly send needed funds—often within the same day—can help businesses maintain financial control. loanme.com
4. LaSalle Nova
In the world of non-traditional and non-community bank financing, balance is key. Due to capital being market based, it’s the lender’s term sheet that will combine the interest rate, loan proceeds, terms, and reserves. All of this is necessary to ensure the property’s cash flow will cover the debt payments for the life of the loan.
If something were to offset this equilibrium mid-transaction, the lender would need to adjust the terms to recalibrate the loan’s profitability and credit risk profile. In any case, there’s “no free lunch.” If the information changes during the loan process and due diligence is done, new terms will come into effect to reflect said changes. lasalleamo.com
5. Apple Pie Capital
ApplePie Capital provides a fresh new approach to franchise finance that’s focused on your growth and success. We offer quick and efficient financing to start, expand, acquire, remodel, refinance, or recapitalize your franchise business. We’ve created a transformative lending network to suit your financial needs, maximizing flexibility and reducing the headaches and inefficiency of working separately across individual lenders. Whether you’re looking for growth capital, SBA, conventional, or equipment loans, we address all of your needs. Learn more: applepiecapital.com/franchise-financing
6. Marlin Franchise Finance Group
For restaurant owners, accessing capital quickly and easily normally means settling for rates and terms that are less than optimal, particularly for financing needs below $1 million. At Marlin Franchise Finance Group, it is our mission to offer a solution to that problem, and over the last few years, we’ve made tremendous progress. We now offer a full suite of franchise restaurant financing products for equipment purchases, restaurant remodels, new store construction, business acquisitions, working capital cash injections, and more. All of our products are delivered to our customers fast, without hassle, and at industry leading rates and terms. Come check out the new Marlin. marlinlendingzone.com
Whether a restaurant is just launching, preparing for growth, or updating equipment, lending solutions can help owners and operators prosper.
