Restaurant Needs Funding?

Luckily, there are numerous financing options available for restaurant owners. Whether you're seeking funding to start your business or need capital for expansion, many lenders provide small business loans tailored for restaurants. The key is finding the right loan that supports your goals while keeping rates and fees as low as possible. 

Below, we've outlined some of the main types of funding you'll likely need throughout your restaurant journey, along with a financing solution for each stage. 

A restaurant equipment loan operates similarly to other collateralized loans.

What are the First Steps? 

• Select the equipment you wish to purchase. 

• Decide how much of your own funds you're willing to invest. 

• The remaining amount is what needs to be financed.

While some lenders may offer up to 100% of the equipment's value, be aware that you may face higher interest rates if you're not contributing any of your own capital toward the purchase. 

In a capital-intensive industry like the restaurant business, getting paid quickly is crucial. When cash flow gaps arise, restaurant invoice financing can be a lifeline, often accessed through a quick business loan.

A quick business loan lives up to its name by providing rapid access to funds—sometimes within the days. This speed is vital, especially when you constantly need capital to purchase ingredients, equipment, or meet other obligations such as rent and payroll. If customers owe you money but are slow to pay, it can put a strain on your ability to cover expenses. This can lead to a domino effect that threatens your business. A fast business loan helps fill that cash flow gap, ensuring you get the necessary funds when you need them most. 

When it comes to restaurant inventory financing, a line of credit is our suggested route. A line of credit differs from a traditional installment loan in that it’s a flexible, "on-demand" form of financing. For instance, when owning a restaurant, you might primarily need funds for expenses and equipment purchases. 

Your line of credit will remain available, but you won’t draw on it until you're ready to make your first inventory purchases. It’s only when you access the credit to buy food and beverages that the loan is triggered, and interest charges will begin to accrue.