How to Finance a Nightclub

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When financing a nightclub, lenders will look at the past credit history to ensure they will be paid back, so having a partner with excellent credit can increase the chances of getting a great loan. Borrow money from banks, friends or family to open up a nightclub with advice from a nightclub manager in this free video on starting a business.

Part of the Video Series: Bar & Restaurant Business
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Video Transcript

If you're looking at financing your bar nightclub, there's a few things you need to look at. Your credit for instance. Most banks will look at your past credit history and creditors and independent backers will also do the same. Your friends and family will look at your reputation as far as to back, to see if your good on paying back the money that you borrowed. If you don't have a good credit, you might want to consider a couple of different avenues; a partner for instance. A partner that has good credit, good financial backing, might be able to get you started. So remember if you're planning on financing your nightclub, have your past credit history and everything involve in that written down 'cause banks and independent lenders are going to want to see that. And if you don't have good credit, you're going to have to possibly look into having a partner and going that route.

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