IHA helps entrepreneurs finance their first or next ice vending machine
Financing is one of the biggest steps to starting any business. Ice and water vending is no different. To purchase your machine, you’ll likely need a business loan. If you’ve never navigated this process before, it can be challenging. We want your business to succeed and, if it makes good financial sense for your current situation, we’ll help you obtain a loan to start your business.
There are many ways to finance your vending business. The most common is probably a business loan. If you have an established relationship with a bank or credit union, this might be the best option for you. If you don’t, we can help.
Ice House America partnered with the Small Business Association (SBA) to offer our owners an expedited loan process. Our business opportunities are pre-approved by the SBA, which means IHA loan applicants enjoy an expedited loan application process. To learn more about how our business model is financed and how this process works, get in touch with us today.
You might be considering a variety of different lenders for your business loan. Ascentium Capital is one lender you might consider.
We work with Ascentium Capital to help vending entrepreneurs finance their machines. We have an established relationship with this lender, which can help to simplify the loan process. However, we receive no compensation for any loans established through Ascentium Capital. If you find loan terms through Ascentium appealing, they’re a great organization to work with. If you’re more comfortable with another lender, or you can get better loan terms, you should work with them!
For your vending business to be successful, it’s important to budget for your loan payments and make sure they make sense with your overall finances. You don’t have to go all the way through the loan process to do this. Use the loan term calculator to approximate your loan payment. Then, you can factor this into your regular budget, and see how this works for you.
To calculate the loan payment you need, you’ll need to consider what type of ice and water vending machine you’re looking for. The largest model is the most expensive and can store 6,500 lbs of ice. The smaller Ice Kiosk or Ice Merchant can store 2,500 lbs and 1,000 lbs, respectively. Smaller models cost less upfront, but they’ll also result in less revenue over time. Factor this into your loan calculations as you consider.
We’ve helped hundreds of entrepreneurs obtain financing through Ascentium Capital and other lenders. We can help you too!
Starting a business can be confusing, so it helps to have experienced business owners on your side. We can help you set up a business plan, show revenue potential, and collect other documents you might need for a business loan. We’ll also install your vending machine, show you how to conduct regular maintenance, and help you market your machine.
(904) 241-7535
278 US Highway 319 South, Moultrie, GA 31768
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