Bars and Nightclubs Choose Principis Capital for Their Financing
More goes on behind the bar than just cutting limes. Exploring new inventory, arranging deliveries, repairing damages, managing taxes and licenses — it takes a lot of work to keep the drinks flowing. But the only thing more challenging than keeping your body shop running is getting the funding you need from the bank. Maybe you’ve applied for a small business loan and been turned down, or you can’t afford to wait the weeks and weeks a bank loan would take to get you the capital you need.
It’s Our Money – There’s No ‘Middle-man’
When you get an answer from us, you know it’s valid and that the funds will arrive in a short period of time.
Fast and Simple
Most of our bars and lounges receive a pre-qualification from us within 24 hours of submitting the 1-page application, and actually receive the money in their business bank account within 7 days. The process for obtaining a traditional small business loan from a bank could take several months. Learn how our cash advance underwriting process works!
Minimum Documentation and No Collateral Required
We are not a bank, so we don’t require a lot of documentation. For example, unlike for traditional bank loans, you do not have to provide tax returns, financial statements, or physical collateral in order to obtain a business cash advance. We have a simple one-page application and only require 4 months of credit card processing statements and 2 months of bank statements.
Personal Credit Isn’t a Problem
We take many factors into consideration through our proprietary underwriting process, and we have funded thousands of merchants who have credit scores of under 500. Business loans often require a minimum FICO or credit score. Read how you can qualify for our business cash advance.
No Fixed Payment Schedules
A business cash advance isn’t a traditional loan. The advance is paid back as a percentage of your credit card sales. When business picks up, you pay back more and when business slows, you pay back less. Learn how our business cash advances work.
What Principis Capital Can Do for Your Bar or Nightclub
Being the trendy watering hole means being able to anticipate your patrons’ needs. But no business owner can anticipate every need their bar or nightclub will have. One problem with a traditional bank loan is its inflexibility. When applying for a loan you may have to outline exactly how you intend to spend it, and banks’ strict payment deadlines don’t allow you to hold on to capital for uses you can’t anticipate. Here are just a few things you can use one of Principis Capital’s small business loan alternatives for:
- Offering new liquors and brands of beer
- Building a kitchen
- Insurance payments
- Expanding your advertising
- Buying out a partner
- Taxes and liquor license fees
- Repairs, renovations, and expansion
- Opening a new location
- Any other needs
What Small Business Owners Are Saying About Us
I was able to get my money even after being told by my bank that they did not lend to my type of business. I even got my money without any fixed payments! Working with Principis Capital was pleasant because they’re professional and they have valued the relationship I have built with them.
I am the owner of two stores in San Francisco dealing in the sale of table linen, bedding, antiques, and Chinese artifacts, all imported from mainland China. I’ve been in business for over 25 years at the same locations. Principis Capital helped us when we needed fast financing; we had our money within 10 days! I was also surprised how fast I was able to rollover the financing, the process was done within one to two days at most.Mr. Joanel Albert, Director of Renewals, has helped us a great deal. Questions and answers were explained immediately. He has helped us a great deal, and that is one of the reasons we will be staying with Principis Capital.
You are the best! You have saved my business and once I am again in good shape, I will remember that it was you who put me there!