Jimmy and I have talked about opening a restaurant, but have not really considered how much it would cost to create "the place to be." Not only do you have to have the right space, equipment, furnishings, and staff, but you also need a strong web presence, marketing, branding and a ton of advertisement to make your brand stand out. Guess what, it takes money to do all that - and a lot of it! I ran across ARF, a company who specializes in short term, working capital loans for small to medium-sized merchants. I also found out that by getting a working capital loan, the interest you pay is tax deductible which will give you a quicker ROI. I'm bookmarking them in case we take the plunge one of these days...
***This post sponsored by advancerestaurantfinance.com***
Saturday, January 13, 2007
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