Jim is the owner of two successful deli/bakeries in the greater Charlotte area. With delicious New York style deli sandwiches and delectable baked goods, Jim also offers a coffeehouse within each location. One of his locations is in the university district and the second is located in an upscale residential area with new construction booming. His deli/bakeries are hot spots in both locations, with a steady stream of regulars as well as new customers, all accustomed to his great service and exceptional products.


Jim realizes he can’t be without his POS system at either location and decides he wants to upgrade to state of the art POS systems at both locations. Knowing the cost, Jim doesn’t want to dip into his reserves so he begins looking for short term loans which could cover the upgrades up front and allow him to spread the costs out over a short period to ensure his cash flow stays strong.

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.

He opted for a 12-month short term loan of $30,000, feeling the payments on such a loan would not pinch his cash flow too much. He was confident he could pay back the loan prior to the end of the term, but liked the option of having a full year if he needed it. The application process went easily for Jim, as his company was well-established, his financials were in order, and his credit score was excellent. His financing came through quickly once approved and the new POS systems were installed at both locations the following week.


His deli/bakeries were back up and running efficiently in a matter of days and after 6 months, Jim was ready to pay off the short term loan and move forward confidently with his expansion plans.

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