If you’re looking for catering business financing, it may seem like a daunting task. With all the hoops to jump through to obtain traditional small business loans from banks, it probably feels impossible to get the funding you need to grow your catering business.
You’ll need perfect credit, months of stellar profit statements and you’ll have to put your business on the line. Even if you do all this, there’s still a very significant chance you won’t get approved for catering business financing with traditional small business lenders even after months of waiting. Business Lending Authority offers a small (business loan alternative) that can get you the catering-business-financing you need to stay on top of expenses and get an edge over the competition, with cash advances from $1,000 to $1,000,000. Even if you have bad credit, we can get you the money you need to make your catering business a delectable success.
Catering Business Expenses
As any catering company owner will tell you, operating a catering business requires a lot more than making hors d’oeuvres in your kitchen and delivering them for special events. Running a catering business comes with plenty of costs, many of which you may not have realized would be so high – like equipment, insurance, licensing and keeping your catering business in line with health regulations. Local health codes can be stringent, and buying equipment to keep your catering company in line with health regulations can be costly. A grease pump to comply with the local health code, for instance, can run you $15,000. Other costs that you may need catering business financing to help you cover include:
- Licensing and permits
- Food and beverages
- Event equipment
- Dining equipment
- Kitchen equipment
- Vehicles, maintenance and repairs
Catering Business Financing
Whether you need funds to cover new kitchen equipment or to purchase a company vehicle, you can get the catering business financing you need with Business Lending Authority. Our simple application process can give you a cash advance to cover your catering business expenses in as little as 48 hours. Forget the slow small business loans that take months to apply for and don’t deliver the funds you need when you need them. Simply fill out the application on the side of this page to apply for a fast cash advance with Business Lending Authority and have the operating capital you need deposited in your bank account in as little as two days!
Here’s What You Need to Apply for Catering Business Financing:
- To fill out the simple application form on the side of this page
- Speak with a Business Lending Authority representative to complete a few easy steps, once you fill out the application
- A catering business that has been in operation for at least 6 months. No startups.
- Monthly gross sales of $15,000 or higher.
What You Don’t Need for Catering Business Financing:
- Good credit
- Collateral which you could lose or demands for liens on your property.
- Restrictions on how you use the money you apply for.
- Traditional business loans that take months to obtain, if you pass all the strict requirements
Benefits of Catering Business Financing from Business Lending Authority
Business Lending Authority understands the costs and demands of operating a catering business, and we’re here to help by offering fast catering business financing that you can use however you need it. We understand that your business expenses fluctuate and can be unpredictable – from a big event requiring you to hire more staff to a broken grill that you need to replace ASAP. With our unsecured cash advances, you can put the catering business financing funds to work in the areas you need the funds most. Also, to help you keep up with ongoing operating costs, we offer additional catering business once you’ve paid off only 70 percent of your original cash advance. This means you can secure more operating capital to keep up with your catering business expenses and never have to go months waiting for traditional loans while your business flounders. Traditional lenders like banks require 95 to 100 percent loan repayment before you can apply for another loan, and in the meantime your catering business will suffer without the equipment, staff or supplies you need to stay ahead of your competition.
Make Your Catering Dreams a Reality
Think about all the things you could do if you had the catering business financing you need to make your business really thrive. Whether you need to fix outdated cooking equipment, hire more staff or attract new clients with better advertising and marketing, catering business financing from Business Lending Authority will allow you to make your business dreams a reality. The catering business is a fast-paced, competitive one, with about 10,000 catering businesses operating in the US. Many of these businesses do not make it past their first year due in large part to lack of funding. Traditional lenders make it nearly impossible to get the catering business financing you need to keep up with operating costs. Business Lending Authority offers a small business loan alternative that will give you catering business financing in the form of liquid cash. This funding will give you a huge advantage over your competition, and allow you to run your catering business the best way you see fit. With our cash advances, you have complete freedom to put the money to work for your business, because only you know where your business most needs funds. In addition, our ongoing cash advance opportunities ensure you’ll always have the operating capital you need to keep your catering company successful. We understand catering business expenses pop up unexpectedly, and we’re always here to help with those last-minute financial emergencies.
Catering Business Financing for Success
Simply fill out the form on the side of this page to get started, and get the catering business financing you need to make your catering business a delicious success.