It’s not just cutting limes. Exploring new inventory, arranging deliveries, repairing damages, managing taxes and licenses — it takes a lot of work, behind the bar, to keep the drinks flowing. But the only thing more challenging than keeping your bar or nightclub running smoothly is getting the funding you need from the bank. Maybe you’ve applied for a small business loan and been turned down, or you can’t afford to wait the weeks and weeks on a bank loan. Opportunity rewards those that take quick action! A merchant cash advance or small business loan from UNI Capital Management offers a better way:
Most of our watering hole clients receive a pre-qualification from us within 24 hours of submitting the online application, and often receive their cash in their business bank account within 7 days. The process for obtaining a traditional small business loan from a bank could take several months and cost you a lot of “missed shots”. Learn how our small business loan and merchant cash advance application process works!
We are not a bank, so we don’t need to know everything about your watering hole. You don’t have to fill out 20+ documents and provide tax returns, financial statements, or physical collateral to obtain a business cash advance. We have a simple one-page application and only ask for 4 months of credit card processing statements and 3 months of bank statements.
Running a bar or a nightclub is no easy task. We get it. Sometimes things are slow and not every bill is paid on time. At UNI Capital Management, we don’t want a lean year to hold back your dreams of growing your unique establishment. We take many factors into consideration through our proprietary application approval process, and we have funded many bar and nightclub owners who have credit scores 550 and above. Business loans from banks often require you to have a higher minimum FICO or credit score. Read how you can qualify for our small business loan or merchant cash advance.
A merchant cash advance isn’t a traditional loan. The advance is paid back as a percentage of your daily credit card sales. When major events happen and people get really drunk, you pay back more and if you have dry days, you pay back less. Simple, flexible, and eliminates the stress of paying back a loan. Learn more about our business cash advances.
Being the trendy watering hole is not easy. Customer demands, more staff, and needing to pack a larger inventory all require the right amount of funding. But no business owner can anticipate every need their bar or nightclub will have.
One problem with a traditional bank loan is its inflexibility. When applying for a loan you may have to outline exactly how you intend to spend it, and banks’ strict payment deadlines requires you to pay a fixed amount, even when things might be slow for you.
Here are just a few things you can use one of UNI Capital Management’s small business loan alternatives for: