Small Business Loans for Restaurant Owners: How to Get the Capital You Need
In the restaurant business, things change fast. Maybe you want to update your kitchen, expand your space, or just keep your cash flow steady during a busy season. Having access to extra capital means you can make moves without waiting on slow approvals or jumping through hoops.
Why Restaurant Owners Seek Outside Funding?
Restaurants face unique expenses, from equipment repairs to payroll and inventory. Even when sales are good, it’s smart to have a financial backup plan. That’s where business loans come in. The right loan gives you breathing room, helps you grab new opportunities, and keeps your team and customers happy.
How restaurant owners can benefit utilize the funds to grow their business?
- Technology upgrades such as online ordering platforms or reservation management
- Expansion and opening a new location
- Purchase/Repair of cooking equipment
- Training and hiring seasonal employees
- Renovations and repairs
- Advertising in a highly-competitive marketplace
Getting tailored funding for your restaurant
Banks are often hesitant to lend to restaurants. They see the industry as risky because of thin profit margins and unpredictable sales. That’s why many owners turn to lenders who understand the real needs of food businesses.
How Our Funding Programs Work?
- Options for Every Need:
Choose from short-term loans, long-term loans, or a business line of credit. Borrow up to $3,000,000, depending on your situation. - No Collateral Needed:
You don’t have to put your property or equipment at risk. - Fast Approval:
Most loans are approved in one or two days, and you can get your funds as soon as the next business day. - Simple Process:
Apply online, upload your recent business bank statements, and you’re on your way. No stacks of paperwork or long waits.
Who Can Qualify?
You’re in a strong spot to qualify if your restaurant:
- Has been open for at least 6 months
- Brings in $20,000 or more in monthly sales
- Uses a business bank account
- Shows steady sales from month to month
You don’t need a perfect credit score, a personal guarantee, or a co-signer. If you’re listed as an owner, you’re set to apply.
How to Apply
- Visit our online funding application and complete the application form.
- Upload your latest business bank statements.
- Get a decision in as little as a few hours.
- Review your offer and get your funds, often by the next business day.
Let’s Keep Your Restaurant Growing
You work hard to keep your restaurant running. We make it easy to get the capital you need, so you can focus on serving your customers and growing your business. If you have questions or want to talk through your options, call us at (844) 902-3080 or email [email protected]. We’re here to help.
