Small Business Funding Options For Restaurants, Bars, & Hospitality Industry
Every town has seen many restaurants come and go. The restaurant industry is arguably the riskiest and most competitive. The seasonality of a restaurant and the inconsistent streams of revenue that climb during the holidays and summer months. This continuous ebb and flow cycle makes keeping employees difficult, and restaurant employees come and go at the drop of a hat.
The constant need for equipment which tends to breakdown during the busiest times of the business. The price of local ingredients has increased over the years and maintaining a vast drink menu can prove to be difficult. These expenses are necessary to keep up with customer satisfaction.
On top of all of these issues, restaurants have an extremely low-profit margin. Increases in rent prices, employee salaries have made these already low-profit margins even lower. Even for the most successful restaurants saving money for growth-related investments is near impossible.
First Premier Funding has funded numerous Restaurants and Bars throughout our years in business. We can provide you the funding to improve your business and purchase marketing necessary for the growth of your company. Contact us today at (888) 358-8484 or apply now to see how First Premier Funding can help your business grow.