Restaurant business loans

If you need financing for your restaurant and don’t want to have to guess which lenders will provide you with fair rates and a fast decision, we make the process simple. Our matching platform pairs your financing needs with lenders that specialize in serving them.

You may need to finance restaurant equipment and stock an entire kitchen or purchase an order management system. Someone else may need to cover payroll while they staff up as the busy season starts in a tourist town. Then there’s emergencies like inventory going bad or needing the walk-in repaired quickly.

Equipment financing can have the loan spread over a few years so you can recover the income from the investment, while a payroll loan or working capital financing can act as a short-term business loan that allows the restaurateur to clear the debt faster.

Click here and enter a bit of information about your financial needs and find out which partners are best suited to serving you. It only takes seconds. From there, you can apply for restaurant financing with SmallBusinessLoans’s partners directly.

Matching your needs to the types of financing our partners offer is what we’re here for. After you complete our quick online form, you’ll be presented with providers that will customize financing options for your hospitality business. These may include the following:

• Working capital loans cover your day-to-day operations including payroll, repairing ordering systems or equipment like ovens and fryers, utilities and rent, even restocking your walk-in if you under-ordered and are waiting for accounts receivable to clear.
• Restaurant equipment financing will let you buy the equipment and machinery you need for your restaurant. You can purchase or lease both new and used equipment, and we can help with point-of-sale equipment financing if you’re ready to invest in a modern or upgraded system.
• Business expansion loans are perfect when you’re ready to open a second or third location. They can be used to put offers on the building and cover rent, hire staff, purchase inventory including silverware and menus, and even advertise to build awareness. 
• Business lines of credit for restaurants give you quick access to financing for smaller purchases. The benefit here is that you do not need to reapply and can withdraw the funds on an as-needed basis.
• Short-term business loans are an ideal solution for temporary financing needs where you’re preparing for a busy season or want to clear the debt off your credit reports in 6 months to a year.

If you’re not sure exactly which type of restaurant business loan you need, click here and fill out our no-risk and no-commitment form. Our platform takes out all the guesswork, and all you need to do is select the partner you like most. 

Financing for restaurants can be used in a number of ways including:

• Purchasing or replacing new and used equipment.
• Stocking supplies including produce, proteins, menus, merch, tablecloths, and uniforms.
• Repairing machinery and systems from kitchen display systems to grills, circulators, and refrigeration systems.
• Hiring and training staff.
• Opening a new location or acquiring a competitor.
• Marketing and advertising to keep new customers coming through the door.
• Renovating the dining area and kitchen or adding an expansion if the space next to you becomes available.
• Recovering from unexpected emergencies like food spoiling with a power outage or natural disasters like a flood or earthquake.

Restaurant business loans are designed to be flexible, and our partners will customize them around your needs, giving you the ability to meet your unique goals.

The requirements to qualify for a restaurant business loan vary by financing provider. Traditional lenders, credit unions, government agencies, and alternative online lenders are all going to have certain minimum requirements that applicants need to meet to get funded. These may include a minimum amount of time in business (i.e., six months to a year), a minimum amount in annual revenue, and an established credit score (from poor to excellent).

Regardless of the amount of time you’ve been in business, your annual revenue, and your FICO score, SmallBusinessLoans has solutions for you through our extensive network of trusted partners. Click here to see your matches now.