Who are caterers?
Caterers provide food services on different events and occasions. They prepare food off-site and once ready transport it to the client’s premises. They have delivery vans for this purpose. Besides food, caterers can provide paraphernalia used in a party. This may include chairs, canopy, crockery, cutlery, party decoration, etc.
The business scope of caterers:
There are some 12,000 enterprises doing catering business in the US. They generate annual revenue to the tune of US$11 billion. The best part about this business is you can operate it from your home and you can also do it on a part-time basis. You either have to be a good chef yourself or hire other good chefs to make mouth-watering treats. It is significantly cheaper to hire a caterer than hotels or banquet halls. That is why the catering business is on an upward trajectory.
Working capital requirements of caterers:
Catering does not have heavy startup costs. You can start from a small scale using your oven and stove and later invest in commercial ovens etc. You will also need capital to purchase raw material like flour, eggs, meat, vegetables, fruits, etc. You may want a further injection of capital to buy new stoves or hire new cooks. Sometimes money is needed to just pay off salaries or other basic expenses as the business endures a dry season. It is highly unlikely that a commercial bank would grant you a loan for your small, home-based catering business. This is where you need the services of an organization like VIP Capital Funding.
VIP Capital Funding for your business needs
VIP Capital Funding is a fin-tech organization that extends financing services to small businesses. It primarily focuses on the SME sector and is well aware of its dynamics. You can feel that when you engage with them for obtaining a loan. As their staff is very helpful, courteous and highly professional. They listen to all your needs and suggest solutions to suit your particular situation. Your loan application has little to no chance of rejection, as their approval rate is close to 100%. Your application is also taken care of swiftly and you get your desired loan in 3-4 business days. These qualities make VIP Capital Funding an ideal solution for your financial problems.
Contact VIP Capital Funding
You can contact VIP Capital Funding through their URL; www.vipcapitalfunding.com. You can also email or call them at firstname.lastname@example.org or 800-735-7754 respectively. Their owner and executive managing partner are available at email@example.com or 919-521-8459. We hope you will choose the VIP Capital Funding for your small business loans.