Seek Additional Restaurant Working Capital | How to get SBA Funding for Small Business Financing

May 4, 2010 - PRLog -- Why do you want to borrow money for your restaurant right now? Is it to stay in business because your numbers are down or to expand because numbers are up? Perhaps it’s something in between like an emergency repair or the addition of an outside patio or deck. Regardless of what you need restaurant working capital for, you should step back and take a deep breath before you actually fill out the loan application. There are very few industries more volatile and unpredictable as the restaurant business, so you want to make sure your timing is right if you are going to borrow money.

Saving your restaurant if you’re losing money may seem noble, especially if you employ a lot of people, but nobility won’t pay your mortgage or feed your kids. A better solution might be to put your restaurant up for sale, give your employees a severance package with the proceeds, and then take out a new business loan to launch another venture someplace else. It can be another restaurant or it can be something entirely different. The point is that you save your credit instead of going down in a sinking ship. Learn more here
http://dailyradar.com/beltwayblips/blog/how_to_get_sba_fu...

If you decide to expand because your restaurant is doing well, you have some pointed questions to ask yourself first. How long have you been in business? How long has this prosperity been a part of your life? If you’re basing an expansion decision on a short-term surge in business you might want to wait to make sure its permanent. Waiting a few extra months is not a bad idea before you seek out that working capital financing to pay employees and food costs while you build an addition or new parking lot. http://www.mybloglog.com/buzz/members/sba-loans-how-to-ge...

If you have already looked at all of these factors, answered the tough questions honestly, and still want to apply for a small business loan, you should do it. There has never been a better time for a small business to ask working capital lenders for expansion loans. If you are doing well, showing a profit, and want to see your bottom line grow even more, apply to as many lenders as possible and get the money you need. It’s out there to be had if you have a solid plan and have thoroughly thought it through.
http://www.sbaloans-123.com/sba-loan-lender

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Learn About SBA Loans and how to get SBA funding and How to get SBA financing for your small business.