I’m applying for this loan because I need funding to renew and upgrade our equipment, hire new employees, and buy more inventory for the upcoming busy season. Some of this equipment includes getting a quality Koffigrill sign in front of our space and purchasing a fryer, blenders, and a new meat cutter. When it comes to inventory, we are looking to purchase wholesale spices, seafood, rice, and beans and stock up on food containers and cutlery.
This loan will help me run my business more smoothly and satisfy my customers. With another employee, we will be able to move faster and more efficiently in the kitchen. And, with an influx of inventory on hand, we will be able to have all meals available at the time and not run out of stock.