Portnalls (307-218-9121) now provides working capital loans of up to $10 million to the food services and restaurant industry, with fast access to funds, flexible payment schedules, and low interest rates.
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Partnering with lenders across the country, the company's newly announced service helps businesses in the food and restaurant industry get the financing they need, even if they have been denied loans in the past. Borrowers can use the capital to pay for daily operations, expenses, new equipment, recruitment, and business growth.
For more information, visit https://www.portnallsllc.com/business-finance
Portnalls employs a network of trusted lenders who offer personalized financial advice and create custom loans based on the borrower's unique needs. The result is a flexible payment plan with low interest rates and less stringent collateral requirements.
Some of the most common challenges of trying to run a restaurant business include the initial setup cost, seasonal fluctuations in revenue, and rising operating expenses. According to Bankrate, restaurants are often disqualified from small business loans for these very reasons. As a result, owners frequently turn to non-traditional lenders to obtain financing, like those in Portnalls' network.
Whereas banks require 2-3 years of tax returns, a credit score over 680, and take weeks or months to process a loan application, the lenders Portnalls works with have no such prerequisites. Instead, they offer streamlined applications, can approve loans within 24 hours, and use a soft pull method when assessing credit to prevent damage to a borrower's credit score. The entire process is quick and simple, with funds being deposited into a customer's bank account within hours.
Applicants can use Portnalls' pre-approval checklist to better understand lender considerations, such as cashflow projections and revenue history. The checklist covers three categories, including traditional business loans, equipment financing, and merchant cash advances.
About Portnalls
Working with lenders across America, Portnalls helps small businesses secure loans of $25,000 to $10 million using one simple application. Its services are available for all industries, including construction, transportation, e-commerce, healthcare, wholesale, and manufacturing.
A spokesperson for the company informs: "We understand how difficult it can be for businesses in the food and restaurant industry to obtain a loan. Through us, these businesses can get the money they need to hire more staff, replace old equipment, cover expenses, or open new locations."
Interested parties can learn more at https://www.portnallsllc.com/business-finance
Contact Info:
Name: Thomas McCready
Email: Send Email
Organization: Portnalls
Address: 30 N Gould St, Ste 21789, Sheridan, Wyoming 82801, United States
Website: https://www.portnallsllc.com/
Source: PressCable
Release ID: 89125412
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