Restaurant Equipment

Spark Capital was proud to assist a restaurant that was expanding to an additional location. They had just signed a 2 year lease, and needed to purchase equipment, furniture, fixtures, and point of sale systems. Spark provided a $225,000 loan to purchase equipment for their business. Here is the timeline/steps/challenges the deal had faced.

• Client had just put a huge deposit on some new equipment, they only had 2 days to complete their purchase or they risked losing their deposit that gave the vendor.

• Client called Spark Capital. Our account manger reached out, and emailed a quick application.

• After 2 hours we gave a pre-approval, then got 3 months of banks statements, a 2 years tax returns.

• After they got approved we sent documents to sign via email. Once signed we sent a wire transfer to the seller.

Here is a breakdown on the terms offered:

• 120 months

• 1 payment down

• $225,000 funded

• $2743.90 per month

Call us anytime of get an instant quote if you want to get the same type of financing.

Spark Capital