Business Loans for Bowling Alleys
Bowling alleys are a popular business, and for business owners who require funding for expansion, inventory, working capital or expanding their business, to name a few reasons, merchant cash advance for bowling alleys are available.
There are many benefits of private funding as compared to bank funding. Some of the primary differences is the fact that banks reject about 90% of all loan applications that they receive from small and medium sized businesses. The reason for this is securing their investment, and to do this banks have long lists of criteria.
The list of criteria are designed protect the banks money, developed over decades of experience, most of which are out dated now, however banks still swear by them. Private funding on the other hand is far more practical and simple. The basic criteria is the business needs to be at least 12 months old or over, and the gross monthly sale needs to be over $15 thousand a month. Also the business owner should not be in bankruptcy which is a standard fact across the industry.
The biggest advantages that private lending has in comparison to bank funding are as follows. Speed of delivery, at the quickest a small business can receive the funding within 48 to 72 hours in their business account, in comparison to banks who will take a couple of months at least. The qualifying criteria which is easy and feasible in comparison to banks where it is complicated and time consuming.
Typically, banks are not keen on funding small and medium sized businesses. The criteria they maintain are out dated and not conducive to the current economic and financial requirements of today.
If you are the owner of a bowling alley and are looking for a business loan for bowling alley then contact us. Our funding team will provide you with the information you require and also assist you with the application process.
Many Bowling Alleys are our happy clients. Check out your options now