Working Capital Loans
Working capital loans can help if you are being forced to scale back operations or cut necessary business activities because of an unexpected dip in cash flow. Are you weathering periods of lower sales trying to ramp up for a busy season ahead? Working capital loans can help! When you feel cash is tight or that your business lacks the funds to keep everyday operations running smoothly, know that ARF Financial is here to help. Our goal is to provide you the restaurant financing you need to overcome these short term challenges while gaining momentum for long term success! Call us today to find out more about our working capital loans!
What is a Working Capital Loan?
A working capital loan is a financing product or loan designed to help restaurant owners finance their everyday business operations. Working capital loans from ARF Financial can provide the funding your business needs without the hassle of a traditional bank loan or the hidden fees and payment surprises of a merchant cash advance. Our approval process is streamlined with minimal documentation and funding can occur in days with no collateral needed! Our loan terms are fixed so your payments won’t fluctuate and the interest you pay is tax deductible, further lowering your cost of funds. If you’re looking to infuse your company with cash quickly and without the need for collateral, ARF’s unsecured working capital loans are just the thing you need!
Benefits of a Working Capital Loan
What are Working Capital Loans Used For?
At ARF Financial, we understand the changing business landscape especially in the restaurant business. As such, small business owners use our working capital loan for a variety of business reasons. Working capital loans are ideal for those operators who are experiencing strong performance, but need an injection of capital to take advantage of growth opportunities, without giving up equity. Owners know opportunities and/or issues can arise quickly and having committed working capital allows them to be ready for the unexpected.
Here are some examples of how restaurant owners use the funds.:
How To Qualify For A Working Capital Loan
Working capital loans are approved based on different qualifying criteria. No single requirement will guarantee a working capital loan. However, restaurant owners should be prepared to produce key documents about their business and other personal data to receive an approval.
Time in Business
A key criteria to qualify for a working capital loan is the length of time the restaurant has been operating. At ARF Financial, restaurant owners with a minimum time in business of 1 month can qualify for a working capital loan. Again, we will work with your unique circumstances as much as possible up to and including balancing the desired loan amount with credit scores, cash flows, and time in business.
Business Checking or Savings Accounts
When it comes to qualifying for a working capital loan, a checking account gives definitive evidence of the business’ cash flow. If your restaurant does not have one, it can create difficulty in assessing the creditworthiness for a working capital loan. Typically, we will need to review at least three months of a merchant’s most recent bank statements. This will corroborate information from your accounting documents as well provide insights into your cash flow and the overall financial health of your business.
Please note we did not list credit score as the first or most important qualifying criteria for a working capital loan. ARF Financial uses a mix of criteria working with your unique circumstances in order to make a final decision. A minimum credit score of only 551 is required. We have also partnered with many bank partners to offer even more options for restaurant owners with less than perfect credit but good operating potential.
At ARF Financial, a business’s annual revenue is a factor in calculating loan amount. Our minimum annual sales requirement is $200,000 to qualify for a working capital loan.
Debt to Credit Ratio
ARF Financial, like most lenders, will also examine your debt to credit ratio in order to qualify for our working capital loans. If your restaurant is carrying too much debt, we will regularly offer to pay off competitor loans if your business qualifies.
How To Apply For A Working Capital Loan
If you are a business owner looking for a working capital loan with guaranteed rates, fixed terms and affordable payments, simply begin your online quote today. We have local loan consultants who are knowledgeable about your specific market and will work side by side with you throughout the process. Our online quote is free and there are no hard credit pulls so your credit will not be affected. Get your free online quote today!
Loan Program Advantages
Fast & Convenient
Get approved for up to $450,000 with a quick, easy, low doc application and approval process. Fundings can occur in as little as 3 to 5 days from a completed application.
Loan terms are available from 12 to 24 months, yielding low, fixed weekly payments. Budget confidently with clear and transparent terms that never change.
Tax Deductible Interest
With a loan from ARF Financial, the interest you pay is tax deductible further lowering your cost of funds.
A seasoned loan consultant will personally assist you through the application, approval, and funding process. Their expert guidance will help you customize a loan to meet your specific needs.
Use our Working Capital Loan Calculator to Find Out How Much You Qualify For:
Use our Loan Calculator to determine the potential loan amount you may qualify for. Move the sliders below to indicate your business’s annual sales, time in business, your credit score, whether you own a home, and if you’ve declared bankruptcy and the calculator will serve up your potential loan amount based on 12, 18, 24 and 36-month terms!
Time in Business
Loan amounts may be increased with the review of tax returns and financials. Time in Business – Must be operating under the same ownership and concept. Homeownership – Home must be in your name. Bankruptcy – Includes personal and business bankruptcy
TERMS AND CONDITIONS
Let Us Reward You
We’re so confident you’ll love our Working Capital Loans, we’re willing to reward you with an AMEX Gift Card up to $2,000* just for using it!
*Receipt of the Amex Gift Card is conditional based upon the following: Merchant’s approval under ARF Financial’s standard underwriting models and policies, merchant’s acceptance of an approved loan amount, rate and term; and, merchant borrowing a minimum of $100,000 within 30 days of merchant’s completed application to receive a $2,000 gift card, merchant borrowing a minimum of $50,000 within 30 days of merchant’s completed application to receive a $1,000 gift card. Former merchants must be paid off 90 days or more to qualify. One card per guarantor only. ARF Financial reserves the right to terminate the offer at any time. This offer excludes funded Interest-Only Flex Pay Loans.