Spilling the Beans on Coffee Shop Funding

There has been a rise in successful independent coffee shops.
(Photo by Nan Palmero)

Coffee shops (or cafes if you're fancy) are the fastest growing niche in the restaurant business. Since the average American coffee drinker consumes 2.7 cups of the caffeinated beverage, it is easy to see why. Coffee is the second most sought-after commodity in the world, after crude oil. Which is believable if you have found yourself in any coffee shop on a Monday morning. This has made the coffee industry extremely lucrative. Although big brands like Starbucks account for the majority of revenue, independent coffee shops are making a mark of their own.

In recent years, there has been a rise in successful independent coffee shops and brands.  Many store owners have found it difficult to get needed funding in times when they really need it. In emergency situations when a drip coffee machine malfunctions, it is virtually impossible to run a coffee shop. Yet, traditional forms of lending have become increasingly unreliable. Alternative lending methods can help coffee shop owners compete with the "green mermaid" also known as Starbucks.

Expenses such as that new espresso machine, renovations, or hiring additional baristas can be a burden to cafe owners. Silver Rock Funding can connect you to loan options that can be tailored to the needs of cafe owners, regardless of their credit-standing.  One popular option is asset-based loans. Asset-based loans are secured by valuable property, including equipment. Once an application is submitted, Silver Rock Funding will connect you with a lender. The lender will assist you to find a funding opportunity suitable for your cafe. Connect with Silver Rock Funding today and find the right solution for your business.