Coffee Shop Short Term Loans

Overview of a Short-TermCoffee Shop Loan

The Coffee shop short-term financing loan is designed to help coffee shops meet unexpected business expenses, working capital needs in the short run, and opportunities that come up unexpectedly. These types of loans work great when you have a supplier that requires upfront payment, but you don’t plan on making money back in sales for weeks or months.

Short-term loans can also help with opportunities that come up from time to time like serving coffee at a convention or catering opportunities that require upfront expenses before realizing the revenue.

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Loan Amount

$2,500 to $250,000

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Payback Period

3 to 18 Months

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Interest Rates

Starts at 10%

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Qualifying Time

1 day but could be longer

What is a coffee shop Short-Term Loan?

A coffee shop short-term loan is a loan that has a short window to pay back both interest and principle typically 3 to 18 months. Short-term loans are easier to qualify for but also have a higher interest rate than a convensinal loan.

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Who Qualifies for a coffee shop Short-Term loan?

A short-term financing loan looks at different things than a conventional loan to qualify for financing. We look at how much you have in sales each month and your annual revenue. It’s all about the cash flow with this type of loan. Great cash flow equals a larger loan amount.

 

Keep in mind that other factors matter but will determine the interest rate more than actually qualifying for the loan. Your credit score combined with the history of the coffee shop will determine the interest rate.

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Annual Sales

50k

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Credit Score

525

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Business Age

1 Years

A coffee shop SBA loan will require the following documentation and much more as the loan process evolves.

  • Driver’s License of the owners of the coffee shop
  • Proof of Ownership
  • Coffe Shop Business Bank Statements
  • Personal Credit Score
  • Individual Tax Returns

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