How to Get a Loan for Your Bubble Tea Shop
Do you have a dream of opening your very own bubble tea shop but now sure where you can get the money to start?
Starting a new business is an exciting (and somewhat terrifying) venture. Between licensing, hiring, location hunting and everything else that goes into starting a new business, it can get a bit overwhelming. The last thing that you want to worry about it spending endless hours obsessing over how you are going to fund your business.
One option is to ask family members and friends to loan you money but not everyone’s family or friends have extra money and even if they do borrowing money from family or friends can sometimes strain the relationship and put extra pressure on you.
The SBA (small business administration) offers loans to businesses which is great but unfortunately their application process can be long and confusing. If you’ve tried to apply for a loan before but gave up in frustration, you can check out Fundera which simplifies the process so that you can focus on your business.
Bubble Tea Shop Start Up Costs
Opening a successful bubble tea shop comes with some start up costs which includes proper equipment, employee training, high-quality ingredients, cups and other supplies and you might also need to remodel your location. You can download our Free E-book below that has a sample start up quote and some more informaiton on opening a bubble tea shop.
How to Get Funding for a Tea Shop
There are dozens of loans and even more lenders out there, but who wants to waste valuable hours, or even days, researching every option and going through the fine print word by word to still end up confused by all the finance jargon?
Fundera is essentially a matchmaker between businesses and funding options. Fundera does not create the loans themselves, but they find the best possible options for you and your business. With Fundera, you can choose from a variety of term loans, lines of credit, merchant cash advances, equipment financing, SBA loans, invoice financing, and personal loans. Fundera partners with a select group of high-quality business funders to always provide quality over quantity.
All you have to do in fill out one simple application and Fundera does the rest. Fundera will connect you with a lending specialist and use their advanced technology to sift through the plethora of funding available to find the right options for you. With your lending specialist’s help, you will be able to compare your options and pick your favorite easily. There is no better way to get a loan for your bubble tea shop!
Covid-19 Small Business Loans
In addition, if you are an established tea shop struggling with the COVID-19 pandemic, Fundera does have Payroll Protection Program and other COVID-19 related loans. For more information about options available to you, check out our article on How to Get Through the Coronavirus: Bubble Tea Shops.
Now that you have a way to finance your business, you are on the fast track to making your bubble tea dreams come true! We know that you can do this, but we also understand that you likely have many more questions about the ins and outs of opening a bubble tea shop. Check out our website for more advice on how to make your business a success!