Vir Capital recently closed on a land assignment to Cracker Barrel. The plans are to demolish an the old John’s BBQ and Seafood Restaurant and build a new Cracker Barrel.

The new Cracker Barrel will be behind South Eastern Credit Union and Adjacent to Walmart on Highway 15-101

This is one of the best locations in Southern Pines with high daily drive traffic.

Take a look at the recent news stories about the site and the deal.

thepilot.com/news/2011/jan/25/cracker-barrel-hopes-open-july/

www.thepilot.com/news/2011/jan/31/works-start-cracker-barrel-site/

Let it be known that Cracker Barrel management was the most professional and honest group of individuals we have ever worked with.

Definitely come July, there will be a breakfast party in the new store.

If you need to finance a new project or business venture then you will have a number of options available.  Borrowing money is quite straightforward these days and there are a number of lenders ready to offer funds at competitive rates.

Finding the Right Finance Deals

Before you start looking for finance you need to think about your needs very carefully.  There are a wide range of products available for entrepreneurs.  You may not be eligible for all of these products so you are going to have to do your research first.  Here are just some effective ways to obtain financing for your ventures:

• Bank Loans – commercial banks offer a number of loan products to customers.  This can be a straightforward way to borrow the money you need at a fixed rate.  Business bank loans typically require you to submit a valid business plan.  This will show the lender that you have thoroughly planned your project/business set up and have calculated a realistic borrowing schedule.
• Credit Cards – many credit cards let you borrow cash to use for purchases.  This can be a fast and easy way to get the money to set up your new venture.  However it is important to remember that credit cards can charge high interest rates on cash withdrawals so this may not be the most cost effective financing option.
• Venture Capital – if you are considering a big enterprise then you may need a considerable amount of initial set up capital.  You may not be able to borrow the money through traditional means such as bank loans.  In this case you might want to consider venture capital.  This is basically a way of bringing together interested parties to invest in your business idea.  This type of financing needs to be carefully planned.  Venture capital deals can be high risk for the investors so you will have to offer potentially rewarding returns in order to attract people in.

Make sure you assess your budget and requirements carefully before you start looking for finance options.  It can be a good idea to get some professional advice to help you determine which options are best for your business ideas.