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The Definitive Guide to Finding the Best Restaurant Financing Option
This road map will help you avoid all of the mistakes that restaurant owners can encounter, like
- Overborrowing
- Taking out the wrong type of loan
- Misunderstanding your credit score
- Applying too late
- Taking on all the paperwork yourself
- Not locking in rates when they’re low
- Not having a solid business plan
- Relying too much on funding
- Comparing your financing options to other restaurants
- Putting off permits, approvals, and other red tapes
- Being unrealistic about the costs of growing your restaurant
- Waiting forever for equipment financing approvals to roll around.