Looking for financing that has a good shelf life
It's widely known that being in the restaurant industry is not an easy business. You have to invest heavily in inventory and equipment plus hire and train staff that may turn over regularly.
It also costs a tremendous amount of time and money to market your business and get in front of new customers in order to stay ahead of the competition. With fluctuating working capital, you'll likely need financing for your restaurant at some point or another. Banks tend to view restaurant as an unstable investment and require you to put up a hefty amount of collateral before they will even consider lending to you.And while a merchant cash advance may seem like the better option – the hidden costs and high interest rates actually leave you coming out second best.
But there is an alternative solution.
We cater to your restaurants financial needs
At Lulalend, we cut through the red tape to get you the financing you need for your restaurant when you need it, without having to put up any collateral. Whether it comes to purchasing a major appliance, stocking up on inventory, investing in marketing or training new staff we make access to finance fast, flexible, and simple through our 8-minute online application process.
Accessing small business funding shouldn't be complicated or time consuming, so we've developed a way to get you financed for up to R1,000,000 in 24 hours.
Up to R1,000,000 line of credit | Choose a 6 or 12-month term | Qualify in 8-minutes