Restaurant Business Loans and Financing

Industries

Restaurant Business Loans and Financing

From small cafes to franchise establishments, we’ve provided businesses nationwide with restaurant business loans and financing!

What Are Restaurant Business Loans and Financing?

Restaurant business loans and financing are business loans designed just for the restaurant industry. They are tailored to food service companies’ recurring expenses and cash flow needs. Each loan is uniquely tailored to the needs of the individual restaurant. These loans can provide much-needed cash even during slow times of the month or year.

How Restaurant Business Loans and Financing Work

Restaurants that need working capital, especially during the early phases of their business often get restaurant business loans and financing. These loans provide the resources they need to pay their staff, buy products and cooking equipment, and even pay the building lease and other bills during the slowest times of the year.

Use Cases

How To Use a Restaurant Business Loans and Financing

There are many ways to use a restaurant loan. Whether you want to expand your operations or add new staff, here are some of the top ways that businesses use these loans.

Expansion

Expand your restaurant business to a new location.

Equipment

Buy new cooking equipment to outfit your restaurant kitchen.

Staffing

Hire new restaurant staff to give your guests the best service.

Why Apply for Restaurant Financing?

Purchase Inventory

Getting enough inventory to open a business is one of the reasons people apply for restaurant loans.

Invest in Marketing

Marketing is critical for any business. Get restaurant financing to help grow your business.

Implement an Online Ordering System

Implement a new online ordering system to improve the customer experience and save you time.

Minimum Eligibility Requirements

Get a restaurant business loans and financing to help you with all the expenses of making and serving food. We can help you with your lending needs if you meet the following eligibility criteria.

Minimum Requirements

Better Your Business With Premier Lend Partner

Restaurant Business Loans and Financing FAQ

What Are The Different Types Of Restaurant Loans?

If you want a restaurant business loans and financing, you can choose from equipment loans, business lines of credit, working capital loans, traditional commercial lending, and inventory financing. Some loans are multi-purpose while others can only be used for a particular business need.

Is It Hard To Get A Loan For A Restaurant?

Yes and no. Financing a restaurant with certain loan types can be very difficult to obtain. People with good credit scores or other success in business are more likely to get restaurant loans than those who have never done business before or who have bad credit.

What Credit Do You Need To Buy A Restaurant?

Most lenders look for a credit score of at least 600. Although, some lenders will consider lower credit scores if you have more cash to invest in the business.

How Much Can The Average Person Get For A Restaurant Loan?

The average person can expect to get anywhere from $20,000 to $5 million or more for loans to open a restaurant. Since each situation, business plan, and business owner are so unique, future restaurant owners need to talk to a lender to get more information.

Can I Get A Restaurant Business Loan With Bad Credit?

Yes, but it comes at a cost. Those with credit scores under 600 can expect to pay higher interest rates on their loans, have shorter loan terms, and may need more cash up front to secure the loan.

Get Financing Today

Get started with your application and join Premier Lending Partner of forward-thinking businesses.

Give Us A Call

929-610-6935