Brisk BBQ Business
Line of Credit Brisk BBQ Business
Author: Valerie Mellema
Date posted: 09.12.22

On the east coast of the United States, a woman decided she wanted to open a casual eatery. Featuring barbeque and fresh sides, the restaurant was a great way to add something new to a town that was looking for exactly that. The business took some time to market itself and become popular, but it happened. At the time of this story, the little restaurant was constantly full of patrons. It became clear that they could go farther and do more if they wanted to. That was something the owner chewed on for a while.

Opening a Mobile Location

Given the undeniable success of the initial Brisk BBQ business restaurant, it was eventually determined that introducing a mobile Brisk BBQ business restaurant would be a highly favorable decision. The delectable Brisk BBQ offerings had garnered a strong local following, and the prospect of offering them in business parking lots or at events emerged as a means to enable even more individuals to savor these delightful flavors.

Certainly, crafting a Brisk BBQ food truck or a comparable entity would demand substantial effort. Yet, upon closer scrutiny, it appeared to be a worthwhile risk to embrace. This decision catalyzed the commencement of the journey to transform this Brisk BBQ business concept into a tangible experience for the entire community to relish.

 

What Would the Cost Be?

After going over the costs needed to get things on the road, it came down to $200,000. Of course, this was only an estimate and things could fall a bit higher or lower. However, this took into account the vehicle, needed equipment, and extra employees to man it.

 

In the end, they stuck with the number above and decided to choose a flexible option. That would make it possible to access extra money if they decided to upgrade the truck or send out another one if things went well with the first one.

Brisk BBQ Business

Selecting the Appropriate Financing Option

After crossing out several financing choices due to being too rigid or not a good match, the final choice was a business line of credit. Plenty of money would be available for a food truck and if things required more capital to get going, that would be there for them to use.

 

It also met their need of having financing available in the future if things went well with the first truck. It seemed as if it was the perfect option for this endeavor.

 

Acquiring a Line of Credit

A line of credit sets itself apart from a regular business loan. In certain ways, it closely resembles a credit card. It empowers a business owner to withdraw money as required, up to a particular limit.

Considering the pressing requirement for funds, opting for this alternative was deemed a sensible choice. Additionally, it offers a financing option that stays open for future utilization. Once the borrowed funds are returned, they become available once more for other business necessities.

How Are They Doing Now?

After obtaining the line of credit, the barbeque restaurant actively engaged in establishing its mobile restaurant. The mobile restaurant gleams with cleanliness and presents a variety of excellent foods for everyone in the town to savor. Furthermore, it extends its influence by visiting nearby areas to share its culinary offerings with those slightly farther away.

The business consistently ensures regular payments to reduce the line of credit. Meanwhile, the primary restaurant persists in upholding its popularity. While the owner hasn’t yet determined the next project to undertake, they will have their line of credit ready for use. This credit will function as a guiding resource, assisting them throughout the process when the right moment arrives.

Brisk BBQ Business
About The Author | Valerie Mellema

Valerie has over 16 years of experience as a professional writer of blogs, eBooks, articles and press releases, with a focus on finance and alternative lending. Valerie resides with her family in Texas and is passionate about her horses.

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