Deli Upgrades With Short Term Loan
Short Term Loan Deli Upgrades With Short Term Loan
Author: Stephanie Clarke
Date posted: 02.24.23

It’s common for small businesses to experience cash flow issues and the need for funding. It may be the result of a big customer’s payment running late, or a job going beyond its parameters, or malfunctioning equipment. When it happens, small businesses need funds fast to keep employees paid and ensure its own accounts payable stays up to date. For Jim, crunch time came when his two deli/bakery locations’ POS systems failed simultaneously. He needed to get both locations up and running without reverting to “old school” order-taking and inventory management.

Jim, owner of two successful deli/bakeries in Charlotte, is propelling his establishments to higher levels. Known for their mouthwatering deli sandwiches, baked goods, and cozy coffeehouses, Jim’s delis thrive. Situated in both the bustling university district and a rapidly developing upscale residential area, these delis are not only culinary havens but also community staples. With devoted customers and a steady stream of visitors, Jim’s dedication to quality and service shines. Now, powered by “Deli Upgrades with Short Term Loan,” he’s set to enhance his deli/bakeries and continue delivering exceptional experiences.

 

Jim acknowledges the necessity of reliable POS systems at both locations and opts to upgrade to top-of-the-line ones. He turns to “Deli Upgrades with Short Term Loan” for the answer, enabling him to secure upfront funds while wisely distributing costs over a brief timeframe. Jim’s strategic acumen in the dynamic deli business arena guarantees his businesses’ enduring prosperity and expansion.

Deli Upgrades With Short Term Loan

After talking with several vendors, Jim made his choice, a POS system which would serve him well at both locations and even allow him to expand in the future. Knowing the time inventory control and bookkeeping would take without the POS system as well as the added employees needed to keep up with customer orders the old-fashioned way, Jim knew he needed to act fact.

 

After some initial investigation into his options, Jim decided on a short term loan as the best option. He wasn’t concerned about repayment, as his cash flow, though not prepared for the additional expense of new POS systems, was otherwise steady. He felt business was good and he could pay back the loan quickly, and not impact his long term plans for future expansion.

Choosing a 12-month short term loan of $30,000, he believed the payments wouldn’t strain his cash flow. While confident in repaying before term end, he valued the year-long flexibility. With a solid company, organized finances, and excellent credit, Jim’s application process was smooth. Approved swiftly, his financing enabled prompt installation of new POS systems in both locations the following week.

 

His deli/bakeries were swiftly back up and running efficiently in a matter of days. Furthermore, after just 6 months, Jim was prepared to settle the short term loan. This achievement bolstered his confidence as he marched ahead with his expansion plans.

Deli Upgrades With Short Term Loan
About The Author | Stephanie Clarke

Stephanie has a bachelor's degree in psychology and has been a professional writer for over 15 years. Her client list includes New York Times bestselling authors, publishing houses, prominent public figures and successful business owners. She resides with her family in Florida.

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