New Online Service Provides Faster Small Business Financing for Restaurants
Hallertown, PA (PRWEB) November 19, 2013 -- Gone are the days when it was literally impossible for small restaurant business owners to get access to working capital. Thanks to small business funding services like LendDeck.com the playing field has now been levelled to make it possible to access business-related financing, even if the business owners have personal credit problems or do not have business credit cards.
If a small business restaurant owner has established cash flow, according to Lisa Wolfrum, President of SBL Capital Group, LendDeck.com has now put a system in place to help such companies qualify for funding from $2,000 up to $250,000 or more in special circumstances.
“The restaurant business financing process can be quickly started with a short online form submission and go to cash in hand funding in just a few days rather than the weeks or months it can take with most conventional banking institutions,” says Wolfrum.
Launched earlier this year (May 2013), the small business financing service was designed to help small businesses in the restaurant industry get the cash and financing they need without the hassle of a traditional bank loan.
“The goal is the help them complete a no-obligation request form on the website in less than two minutes,” says Wolfrum, who now makes it super easy for restaurant owners to find out what kind of funding their business can qualify for.
“The rationale behind LendDeck.com,” explains Wolfrum, “is based on the fact many small businesses, and particularly those in the restaurant business, were finding it difficult to access cash or financing because traditional banks weren’t accommodating their application, because many restaurant owners had less than perfect personal credit scores."
“With low credit scores of these restaurant business owners playing a major factor in traditional banks not granting those loans, we have decided to step in to fill the breach with LendDeck.com, which has a much faster and easier process with far less paperwork required and looks at the business operations instead of the business owner,” adds Wolfrum.
Even though they do not offer financing for true start-ups, Wolfrum says LendDeck.com will consider most businesses with at least four months of operations and cash flow.
“We are really excited about the fact that LendDeck.com and its funding partners have so far helped small business secure several million dollars in financing in 2013 alone. Getting small businesses the money they need to continue operations and expansion is a great help in strengthening the American economy and we are excited to have the opportunity to fill a gap in the market. In doing so, we are helping the country’s economy to grow. Besides, it is a great feeling to be in a business where everybody wins,” concluded Wolfrum.
For further information, please contact: Lisa Wolfrum, President of SBL Capital Group, LLC - 800-213-6456, or visit their website at http://www.LendDeck.com.
Lisa Wolfrum, SBL Capital Group, LLC, https://www.lenddeck.com, +1 646-432-5026, [email protected]
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