Coffee Shop Fast Cash Business Loan

It’s fair to say that many Americans have a dream of owning and running either a restaurant, store, or coffee shop. Unfortunately, there are a number of stumbling blocks that can prevent the dream from becoming a reality. While some can’t find the motivation, others worry about the financial side of opening up a coffee shop. Fortunately, there are more options available than ever before - regardless of whether you’re launching a new coffee shop or need help with an existing coffee shop brand, you can get a coffee shop business loan.

When first planning a coffee shop, people often panic that they need to prove profitability and all sorts of other things. Instead, coffee ship lenders will actually look at your credit history and score. How good are you with money? Do you pay off debts and loans? Let’s not forget that coffee shop lenders aren’t there to make judgments about you - they simply need to ensure that they’ll get their money back when they provide your coffee shop fast cash business loan.

Of course, we appreciate that not everybody has a strong credit score or history. In this case, you’ll need to look elsewhere for alternative business financing…and we have some ideas for your coffee shop business loan.

Types of Coffee Shop Fast Cash Business Loans

Coffee Shop Business Loan

If you have the option, we highly recommend going for a coffee shop business loan before anything else. With a traditional bank lender, you should get respectable rates, low fees, and even extended terms. With good credit, the bank knows you aren’t much of a risk and they can offer favorable rates.

SBA Loan

As we said, not everybody will qualify for a coffee shop small business loan, so we’re going to explore some other options. Similar to a business loan, an SBA loan comes from a lender. However, the Small Business Association guarantees up to 85% of the loan. By doing this, you get the small business loan and the lender gets the security they need just in case you default.

Why choose an SBA coffee shop small business loan? For one thing, they normally come with good terms. For a coffee shop, you should get the amount you need, and sometimes it’s possible to spread the loan over 25 years. With the SBA microloan, you can borrow up to $50,000, and it can get granted to small businesses that give back to the community. Otherwise, we recommend a standard SBA loan. READ MORE

Merchant Cash Advance

Sometimes shortened MCA, a Merchant Cash Advance allows coffee shop businesses to get the working capital they need while also protecting the coffee shop business from the risks that come with traditional sources of finance. For those with a bad credit score, or who need access to coffee shop fast cash, this is a strong option.

For some coffee shops, they run into some short-term trouble and are frustrated because they know everything will be fine eventually. If you can identify with this, a Merchant Cash Advance is ideal. In return for the short-term business financing for your coffee shop, you will give a percentage of sales. If you know you’re about to have a strong month, you’ll be able to pay the amount back in no time, but you get the cash you need in the meantime. READ MORE

Coffee Shop Equipment Financing

As a coffee shop, new or old, you’ll know that equipment underpins everything. Customers come to you (or will come to you) for a product and service they can’t get from home. In order to do this, you need good coffee shop machinery and equipment. Rather than a lender giving a loan to the coffee shop business itself (and for the business to use this however they wish), coffee shop equipment financing is where a lender gives money for specific purchases.

Let’s say you want to buy a fancy new cappuccino machine; get a quote from a supplier and take this to the lender. From here, the lender will provide the capital after approval. For lenders, this is a lower risk because they know exactly where the money is going. With other types of loans, the extra caution comes because the business may spend it poorly.

Generally speaking, these coffee shop equipment financing business loans work quickly. If your coffee machine breaks and you desperately need a new one, this could be a good way to go to get coffee shop fast cash. READ MORE

Coffee Shop Unsecured and Secured Business Loans

At South Florida Funding Group, another area in which we can help is with unsecured and secured coffee shop business loans. If you choose an unsecured coffee shop business loan, this will be based on the coffee shop business owner’s credit history and score. Therefore, you’ll need to have good personal credit (you don’t have to risk a personal home or any other assets).

On the other hand, a secured coffee shop business loan is secured against an asset. While some business loans will be secured against the property being purchased, others are secured against another owned asset. There are pros and cons to both business loan types, and the one you choose will depend on the amount of money you need, your assets, your credit history, and various other factors. READ MORE

Choose South Florida Funding Group for Coffee Shop Alternative Business Funding

If a traditional coffee shop business loan isn’t an option in your coffee shop venture, allow us to help. South Florida Funding Group is a reliable source of alternative business funding for coffee shops - we’ve helped many in your position, and we plan to continue helping small businesses for many years to come. Depending on your goals and needs, we can help with:

• Coffee Shop Unsecured and secured business loan
• Coffee Shop Merchant Cash Advance
• Coffee Shop Equipment financing
• Coffee Shop SBA loan

In fact, we’ve even helped some with commercial and investment real estate loans as well as residential investment business loans. We’re an expansive service but still have the personal touch you need to be comfortable and confident.

We know how stressful it is to launch a coffee shop business or to keep a coffee shop business going, and this is why we’ve made everything as simple as possible for a coffee shop fast cash business loan. You have flexible options, the application process is easy, we process applications quickly, and you get a personal service. Even if you have bad credit, feel free to get in touch today about your coffee shop business loan. There’s no charge to apply, and we’ll help as best we can.

At South Florida Funding Group, we would love to see you succeed with your coffee shop business. With our assistance, you get the coffee shop fast cash alternative business funding you need to grow your coffee shop business and reach your potential whether our support is for payroll, new equipment, or something else entirely! QUALIFY NOW