The restaurant business is both cash and labor intensive. Competing in a changing market can be challenging.
The world of entrepreneurship allows people to be creative through designing their business based on their interests and ideas. When it comes to starting a restaurant, coffee shop, creamery, brew house or anything else in relation to food, the sky is really the limit for how creative you can be. You can have all of the most unique ideas and a top-of-the-line design, but if you don’t have the financing to back it up you can’t move forward making your dream a reality. KLC Financial, based in MN, offers restaurant financing for entrepreneurs with strong business plans.
Whether you are a small start-up or a well-established business desiring to franchise, KLC Financial is there to assist with bank equipment leasing, financial leasing or full restaurant financing.
Bank Equipment Leasing
One of the most important essentials for new restaurants is the equipment needed to produce the product. The equipment often times has large upfront costs, but it pays for itself over time and is necessary to make the quality products you want to produce. Without equipment, there is no potential profit. Even if you have the financial backing for the new building and the staffing needs, the financing for the equipment might not be in the allotted budget. This is where KLC Financial comes in. They provide bank equipment leasing on any and all types of equipment you may need in the restaurant industry.
Example – Start-up Restaurant: With an existing successful restaurant to back up the company and a strong guarantors, we were able to provide a kitchen equipment lease for the new business for $350,000.
Starting a new restaurant and making sure you have all of the capital needed in order to keep up with the daily demands of cash flow takes a well thought out plan, and creative financial solutions. With the ability to offer custom financing solutions ranging from $3,000 to over $3 million, you can be sure that KLC Financial will help launch your new restaurant with success. Working with both small businesses as well as Fortune 500 companies for nearly 30 years has made KLC a market leader. They are headquartered out of Minnesota and provide leasing and financing solutions for all types of business owners.
- Example – Frozen Yogurt Shop – KLC Financial was able to provide restaurant financing for a start-up, non-franchise frozen yogurt shop providing pay by the weight frozen yogurt. The owners worked outside the business and secured a high traffic location, then moved on to looking for restaurant financing for their yogurt dispensing equipment, point-of-sale/software system and furniture/fixtures. By utilizing the outside income of the owners and a strong, well-thought-out business plan, KLC Financial was able to provide the financing needed to open the first store of a potential franchise.
- Example – Local Micro Brewery – A start-up brewery that was looking to finance its brew house; with their experience, a well-thought-out plan, and their ability to raise outside capital, KLC Financial was able to provide the financing. In addition, KLC Financial had the opportunity to work with the company (and their CPA firm) from the ground level to provide early guidance and aid in their natural growth to succeed outside of the home.