Cupcake Shop Financing


Cupcake Shop Financing

Cupcake shops are a very unique type of small business. Although many people don’t see this type of business as lucrative, it very well can be. Some people may have thought cupcakes would be just a fad and that no sound business could be built upon them. Yet, this trend which became popular in the early 2000’s is still one that is alive and well today.

There are always rising trends within this industry, like cake pops, which means there are a lot of growth opportunities. Although there is a lot of optimism within this industry, any cupcake shop owner knows the challenges that can arise. Payroll, rent, equipment, inventory, etc. are all things that require capital and can add up fast.

Luckily, there are banks, credit unions, and alternative lenders, all of which provide cupcake shop financing.

Business owner show display of cupcakes , in business due to cupcake shop financing

Business Financing Options

You can get cupcake shop financing from a bank or credit union but it can be difficult. Both would request several years bank tax returns, a recent profit and loss statement, and several months of bank statements. Most require a minimum of 3 years in business and a FICO score of at least 750. In addition, it can take awhile to not only get approved for financing but also receive the capital.

Small Business Funding has a merchant cash advance program specifically for businesses such as cupcake shops. We understand the necessity for a fast cash infusion and finding someone who can facilitate the funding makes your life easier.

With Small Business Funding it is easier to get the financing that your cupcake shop needs. Bad credit, bankruptcies, and tax liens are okay (as long as there is a payment plan in place). Documentation required to receive an approval is an application (one page), 3 months of bank statements and 3 months of credit card merchant statements (if you process credit cards). This information will allow an alternative lender to provide you with a decision within 24 hours.

ACH Revenue Based Loan

If you do not want to have payments held back through your credit card processor then you can have payments debited directly from your business bank account. This too can be a fixed percentage of your daily credit card sales or it can be a fixed daily payment Monday through Friday. So the necessity of accepting credit cards is NOT a requirement. An ACH Revenue Based Loan is an option.

Cupcake shop financing from Small Business Funding can help take your business to new heights. You can also buy any new equipment you may need or use it to make payroll. Small Business Funding can help you do what you need to in order for your cupcake shop to be a great success and make all the delicious baked goods that people love.

Apply for a small business loan today and find out how much your cupcake shop is approved for. There is absolutely no obligation.