We had four weeks to fit out the second dining room before the summer season. The term loan closed in two days and we opened on time.
Alicia GrantOwner, Grant & Vale Kitchen · Austin, TX
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Reviews from the owners of the restaurants, fleets, clinics and shops we have funded.
We had four weeks to fit out the second dining room before the summer season. The term loan closed in two days and we opened on time.
Our receivables run 60 days behind payroll. The line of credit covers that gap every month and costs us nothing in the weeks we don’t touch it.
Two trucks went down in the same month. Equipment financing put replacements on the road in under a week and left our cash reserves alone.
The SBA process is genuinely long, and they said so on day one instead of promising me two weeks. Ninety days later we closed on the building.
I had been quoted by three brokers who all wanted the same paperwork. Here one person handled it and the number I was quoted was the number I signed.
The advance made sense for us because winter is quiet. Slow weeks cost less. Nobody else offered to structure it that way.
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