Business Line of Credit

You’ve Got Options!

Lines of credit are perfect for when business conditions change. Unexpected issues arise. Windows of opportunity open.  Are you prepared to deal with these occurrences? As the restaurant financing experts, we understand the unique needs of restaurant owners and the daily challenges they face.

What is a Line of Credit?

A line of credit is an approved loan extended to the restaurant and small business owners allowing them to draw upon when the need arises. This type of restaurant financing allows merchants to pull funds from their line as needed and only pay interest on the money they take. Restaurant owners have 24-hour access to 5 separate loan drafts over a 6 month period. You can even request funds online!

Benefits of a Line of Credit

Use the funds as needed and make low, fixed weekly payments. Our line of credit is a business loan, not a cash advance, so repayment is not tied to your daily credit card receipts.

Combine our Business Line of Credit with our Flex Loan Pay and you can defer up to 50% of the principal into the future for more affordable payments now, and pay it back when the time is right.

You can lock in your rate for the next 6 months with a minimum first draw of only $5,000.

Instant online approvals and funding in as little as 3 days.

Loan amounts are available from $5,000 to $750,000 with no collateral required.

The interest you pay is tax-deductible, further lowering your cost of funds.

Early payoff options are available

What Are Lines of Credit Loans Used For?

At KJ Investments, we understand the changing business landscape, especially in the restaurant business. As such, our small business owners use the line of credit for a variety of business reasons. Even without an immediate need, restaurant owners are establishing lines of credit now. Being prepared is smart. Owners know opportunities and/or issues can arise quickly and having committed working capital allows them to be ready for the unexpected. There are many reasons a restaurant owner might need a working capital loan. Below are just a few of the typical ways restaurant owners use the funds.: 

• Equipment financing
• Inventory financing
• Expansion projects
• Renovations & Remodels
• Opening another location
• Pay for franchise obligations
• Liquor licenses
• Buy out a business partner
• Adding catering services
• Revamping restaurant and bar menus
• Upgrading POS system
• Paying business taxes
• Cash flow stabilization or seasonality
• Paying off/consolidating more expensive debt

Working Capital Loans

Working capital loans can help if you are being forced to scale back operations or cut necessary business activities because of an unexpected dip in cash flow. Are you weathering periods of lower sales trying to ramp up for a busy season ahead? Working capital loans can help! When you feel cash is tight or that your business lacks the funds to keep everyday operations running smoothly, know that KJ Investments is here to help. Our goal is to provide you the restaurant financing you need to overcome these short-term challenges while gaining momentum for long-term success! Call us today to find out more about our working capital loans!

What is a Working Capital Loan?

A working capital loan is a financing product or loan designed to help restaurant owners finance their everyday business operations. Working capital loans from KJ Investments can provide the funding your business needs without the hassle of a traditional bank loan or the hidden fees and payment surprises of a merchant cash advance.  Our approval process is streamlined with minimal documentation and funding can occur in days with no collateral needed! Our loan terms are fixed so your payments won’t fluctuate and the interest you pay is tax-deductible, further lowering your cost of funds. If you’re looking to infuse your company with cash quickly and without the need for collateral, KJ Investments’ unsecured working capital loans are just the thing you need!

Benefits of a Working Capital Loan

• Our restaurant financing is a loan not a cash advance, so repayment is not tied to your credit card receipts.
• We offer longer terms from 12 to 36 months. 
• Get access to higher loan amounts with low, fixed payments.

Bridge Loans

Bridge to Traditional Financing

The economy is robust. Consumer confidence is high. Opportunities are plentiful. If you are experiencing strong growth but your bank is struggling to keep up with your funding needs, we have a solution.  KJ Investments has a loan product that provides ‘bridge’ or ‘gap’ financing so you can proceed with your growth plans while you work with your bank to secure traditional funding sources such as an SBA loan.

What Is A Bridge Loan?

A Bridge Loan is a financial product that functions as a short-term amortizing loan to support projects or investments that are expected to generate returns. Small businesses, particularly in their early phases, frequently see the chance for extreme growth, but often on the other side of a financial hurdle. Business owners and entrepreneurs experience immense pressure at the outset of their business venture to cover operating costs merely to keep the doors open.

When meeting costs is the primary concern, it can be hard to put your business acumen and innovative ideas into action with investments. For businesses in these stages of growth potential, Bridge Loans are an ideal financial solution to open the door to new opportunities.

How Can I use a Bridge Loan?

Before purchasing a Bridge Loan, you should know that these loans are intended for businesses with an investment objective that is expected to generate a high return. These loans are intended for short-term financial support. As with most amortizing loans, your initial payments will be mostly comprised of interest, while later payments will mostly go toward your principal balance.

Consider your business’ unique objectives for short and long term growth. You may want to consider expected seasonal fluctuations and other expected sources of conventional funding before applying for a bridge loan.

Businesses are encouraged to consider the following questions:

1. Are my financial obstacles related to an inability to take advantage of present  growth or investment opportunities? 

2. Does my strategic plan have investment opportunities built in?

3. What is my short-term financial outlook?

Companies without bridge loans may be operationally sound, but lack the working capital to take on new assets or other growth-driving endeavors. They may also face decisions that force them to consider drawing from current cash flows while they wait with uncertainty for conventional loan approval. In the meantime, they miss opportunities to capitalize on growth.

Is a Bridge Loan Right for my Business?

Restaurants, hotels, and retail operations often want to be up and running before conventional financing has been approved in order to start bringing in money. A Bridge Loan covers businesses during the waiting period. It allows owners to avoid further dividing up their interest in the business with a new partner and losing out on profits and control over critical business decisions in the long run.

Bridge Loans put flexibility and control in the hands of the business owner. A Bridge Loan will function as a line of credit of with access to five loan drafts over six months, meaning that you can take as much or as little of what you want of your approval limit. Your business gains the immediate security it needs up front without sacrificing growth and profits down the line.

What we need to provide you financing options:

1.     Length of time in Business

2.     Credit Score

3.     Monthly Sales – 6 months prior and now

4.     Do you own a home?

New!! Interest Only Flex Pay Loan Covid 19 Guarantee

Mandatory shutdowns, capacity limitations, and social distancing are obstacles that we have become all too familiar with. Businesses are starting to recover, but uncertainty about the future has forced many owners to adopt a wait-and-see approach when it comes to rehiring and investing in the things to get back on track. At KJ Investments, we’re here to say there is a solution – our new Interest-Only Flex Pay Loan! It gives you the confidence to borrow now with low, interest-only payments for up to 5 months! After the interest-only period, you have the option to pay off the principal, or we’ve created the perfect safety net – a built in 60-week rollover amortization. With flexibility like this you can truly borrow with confidence!
If there is one thing COVID-19 has taught us, it is to be prepared for the unexpected. We can’t foresee how things might look in the next 5 months, so if after your interest­ only term ends and business conditions aren’t optimal, you’ve got options! You can use our 90-Day, COVID-19 Guarantee* to add up to 90 additional days of interest-only payments to your loan. Now that makes our financing truly COVID-Proof! 

Industries

Fast Food Restaurants with Drive Thru

Pizza Delivery and Takeout Restaurants

Sub Shops with Takeout and Delivery

Quick Service Restaurants with Takeout and Delivery

Fast Casual Restaurants with Takeout and Delivery

Coffee, Donut and Ice Cream Shops with Drive Thru

Liquor Stores

Auto Repair & Service

Dry Cleaners

Business Cleaning Services

Hair and Nail Salons

Independent Pharmacies

Medical Equipment & Supplies

Specialty/Ethnic Grocery Stores

Family Doctors

Dentists

Urgent Care

Home Healthcare

Veterinarians

Pet Supply Stores

Pet Grooming

Dollar Stores

Hardware Stores

UPS/Mailing/Shipping Stores

Recently Added Industries:

Aerospace, Defense Contractors

Architectural Services

ATV/Golf Cart Dealers

Auto Parts

Beer, Wine & Liquor

Building Materials & Equipment

Computer Software

Defense Aerospace

Defense Electronics

Electronics, Defense Contractors

Food Processing & Sales

Medical Services ( Medical Imaging)

Manufacturing: Chemical & Related Manufacturing, Drug Manufacturing, Electronics Manufacturing & Equipment, Food Products Manufacturing, Pharmaceutical Manufacturing.

Nutritional & Dietary Supplements

Other Health Professionals

Pharmaceuticals/Health Products

Steel Production/Steel Fabricators

Wholesale

Underwriting Guidelines:

• Minimum Equifax Credit Score of 551
• Minimum 18 Months in Business
• Minimum Annual Sales of $200,000
• Loan Amounts Up to $250,000 for Single Entity and Up to $400,000 for Multiple Entities
• Fixed Terms from 12 to 14 Months
• We Can Pay Off up to 2 Competitors