Types Of Coffe Shop Loans That We Offer
Coffee Shop SBA Loan
An SBA or Small Business Administration loan is not a loan from the United States Government but it is a loan that is guaranteed by the government.
Term Loan For Coffee Shops
A term loan is more like a bank loan that has a set interest rate and a fixed term that you pay back the loan.
Business Line of Credit
This type of loan works more like a credit card. You have a credit limit that you can borrow and will only be charged interest and principal on the amount that you have used.
This loan is meant to be used to purchase the equipment needed and has a set term and payment based on the amount and type of equipment that you are buying.
This is a loan that has a short payback window. You pay back the interest and principal relatively quickly.
Merchant Cash Advance For Coffee Shops
MCA loans use your credit card sales to pay back the loan. The interests rate is typically high however qualified for this type of loan is easy if you meet the minimum requirements.
Coffee Shop Startup Loan
This is a loan specially designed for start-up coffee shops and combined several conventional loan types into a package that gets your shop opened quickly and efficiently.
Personal Loan for Financing
Personal loans can be a quick and easy way to secure financing. Shops that do have not been open very long or have not opened yet would find this loan an excellent option.