Owning and operating a bar or nightclub seems like a glamorous and fun-filled venture. While there are definitely good times to be had, the business side of the nightclub scene can be cold and unforgiving. Just as trends come and go, a nightclub owner who doesn’t take seriously the unique facets of the business can quickly find themselves in financial trouble. Nightclubs are truly cyclical businesses – with a nightly revenue amount easily two to five times higher on busy weekends than on a slower, mid-week night. This can cause trouble for the nightclub owner, as relying on a steady stream of income to fund the business can be difficult. Ivy Lender offers multiple loan products for bars and nightclubs. We can help you improve your bottom line and your customer's experience by providing you with the working capital you need. 

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The hospitality industry encounters many unique situations that you must effortlessly be able to manage.  Ivy Lender can provide your business with the working capital that will accommodate any situation that may occur daily within the hospitality industry. 

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You can use the funds in a variety of ways:

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   •     Upgrade Your Outdated POS

   •     Cover Seasonal Expenses

   •     Purchase Equipment

   •     Increase Inventory

   •     Invest in Marketing Programs

   •     Cover Operating Expenses

   •     Hire Additional Staff

   •     Refinance High-Interest Debt, Saving You Hundreds or Even Thousands Per Month

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Qualifications

 

Yes

 

9 months in business

 

Business Revenue must be $100,000 +

 

Business owners must be U.S. citizens or legal permanent residents

 

Business owners must have personal credit scores above 540

 

Cash flow to support loan payments

 

No

 

Bankruptcies or foreclosures in the last 3 years

 

Prior default on government backed loans

 

Outstanding tax liens

 

Loan proceeds cannot be used for unpaid taxes