Coffee Shop Short Term Loans
Overview of a Short-TermCoffee Shop Loan
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.
$2,500 to $250,000
3 to 18 Months
Starts at 10%
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.
Who Qualifies for a coffee shop Short-Term loan?
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.
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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