Fast funding solved a problem once. Now the daily or weekly payments take a slice of every day’s sales. There is often a way out.
Restaurant revenue moves with the season and the week. Fixed daily or weekly payments do not. On a slow Tuesday they can take most of what you earned, and stacking several of them makes it worse.
A new, cheaper loan pays off the expensive debt, and you are left with one smaller monthly payment. Banks, SBA lenders and some private lenders offer this when the restaurant’s sales support it.
A steady sales history, on-time payments on the current debt, and clean records. Even if bank money is not available yet, moving to a longer, cheaper product is often a step in the right direction.
We look at all your current debt, find the cheapest money that can replace it, and build the plan to reach bank-level rates step by step.
Tell us what you need. A concierge calls you back. See also: Emergency funding.
Often yes. If your sales support it, a cheaper loan with longer terms can pay off expensive daily or weekly payments.
A bank line of credit, a term loan or an SBA loan, when your restaurant qualifies. They cost less and are paid monthly.
Usually that is the goal: one payment, a longer term and a lower cost. The result depends on what you qualify for.
General information, not financial or legal advice. Dracarys Finance LLC is a commercial finance broker, not a lender. All credit decisions and terms are set by third-party lenders and investors.
Two minutes. No obligation. Your concierge calls you back.
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