In the world of construction, companies often need capital to fund projects—and quickly.
It’s no secret managing a restaurant is hard work. Owners and general managers routinely clock 12- or even 14-hour days. The job’s difficult enough as it is even when everything is going your way. Throw cash flow problems into the mix, and the job becomes that much harder—possibly requiring even longer shifts, which keep owners at the restaurant and away from home and their families for bigger chunks of the day.
Doctors aren’t immune from cash flow problems for a variety of reasons. For starters, 20% of Americans simply don’t have enough money to pay their medical bills, according to the Centers for Disease Control. How can doctors expect to have money if they’re not getting paid for their services?
You need a lot of equipment to run a restaurant.
Aside from pots, pans, dishes, glasses, and silverware, restaurateurs need refrigerators, freezers, stoves, ovens, heating stations, countertops and more. There’s also the need for computers, POS systems, and accounting software. The list is endless.