$4,000 – $1,000,000
HELPING YOU GROW
Restaurant Business Loans
Starting a restaurant business is an exciting adventure. It will require creativity, hard work, and patience to make it successful, and still, there are no guarantees in the restaurant business. As increasing numbers of consumers want to dine out, do takeout or want their goodies delivered to them, the number of food-service operations has skyrocketed and only continues to grow. But there’s still room in the market for your food-service business. Food always remains the first love for food addicted people. Consumers are always out to hunt the finger-licking delicious food or their next best favorite restaurant.
Why Choose Us for Restaurant Business Loans?
Restaurant loans are business loans that are designed to meet the needs of restaurant owners. Restaurant business loans can be used for funding both long term and short term business loan needs. You got Talent, and our marketplace has the Capital! Like you, we also believe that the Restaurant Business can be very profitable. We have over 175 lending partners, each with different interest rates and products, and the best part is there’s no risk to your credit score and no hidden obligation.
Our marketplace is designed to improve your funding odds, and give your restaurant better business funding opportunities and we nurture your restaurant throughout the business funding process by providing a step-by-step application and 24-hour funding.
Restaurant business loans or financing can help you accomplish the following:
- Commercial lease
- Restaurant Equipment
- Restaurant insurance
- License Fees
- Staff wages and benefits
- Restaurant Renovations
- Marketing capital
- Manage Cash Flow
Types of Restaurant Business Loans
SBA 7(a) loans from $30,000 – $350,000 from the Capital for Business network can be used for debt refinancing and working capital. Working capital includes operational expenses, marketing, hiring, etc. SBA loans for a restaurant business can be used to fund new equipment purchases as well.
Bank Term Loans
A Business term loan from lenders in the Capital for Business network is between 2-5 years and loan amounts anywhere from $30,000 to $500,000
- $30,000 to $500,000 loan amounts
- 2-5 year terms
- Fixed interest rate from 7.99%
- Monthly repayments
Business Line of Credit
A business line of credit provided by Capital for Business is based on the revolving credit. That means you can use the funds repeatedly. Having a business line of credit provides you with extra flexibility and peace of mind when it comes to injecting money into your daily operations. It helps you avoid downtime and make sure things are running smoothly
- Receive up to $250k with a business line of credit
- Business lines of credit rates as low as 6%
Small Business Loan
A small business loan from our marketplace of 100+ alternative lenders will enable you to get the capital you need for your business growth. Our high approval rates mean that we say ‘Yes’ when banks say no. Our lending process which takes less than 5 minutes will not affect your fico score and we boast a 24-hour loan approval.
Working Capital Loan
Working Capital can help you take care of immediate needs in your business, whether that is a cash-flow shortfall or a new business opportunity. No collateral is required for our working capital loans or short-term funding, the required documentation is limited, and perfect credit is not needed. Nearly every industry can get a working capital loan.
Working capital loans are perfect for business owners who need short-term funding to grow. Working capital loans are simple, fast, and affordable and are designed to help with seasonal shortcomings with revenue or the need to boost inventory.
Business Loans for Bad Credit
we have bad credit business funding options for restaurant business owners with bad credit. Bad credit shouldn’t affect your ability to receive a restaurant small business loan so our loan advisors take look at your business revenue and potential, rather than your credit score to find alternative lending options for your business.
Merchant Cash Advance
A Merchant Cash Advance is an innovative alternative to a traditional small business loan. Capital for Business utilizes your expected future credit and debit card sales to be able to provide you with working capital so you can put your business plans into action. Instead of fixed daily payments, the repayment for an MCA is completely flexible.
- Receive up to $500k with a merchant cash advance
- Factor rates as low as 1.15
- Access to business funding in as little as 24 hours
Are you in the need of new business equipment but do not have the necessary capital on hand to pay for it? Equipment financing done with Capital for Business is incredibly simple fast and affordable. We are a top-of-the-line marketplace alternative lender that can provide you with same-day funding to purchase any type of equipment that your business may need.
Whether software, heavy construction equipment, vehicles, and much more. You will repay your equipment loan with low monthly payments and we keep the upfront cost minimal to something that your business can afford.
At Capital for Business, Invoice factoring is a quick and flexible source of funds for businesses that are waiting for outstanding receivables to pay. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. Invoice factoring allows your credit line to grow proportionately with your sales cycle. We can fund as little as $5,000 a month and up to $2.5 million for larger companies.
Business Credit Cards
Business credit cards act as a revolving line of credit and are used for both purchases and payments. Businesses use credit cards with other loan products and are usually used for working capital purposes. Pre-revenue and startup companies can apply and receive these cards also, as well as established companies, of course. The biggest factor for approval is the strength of personal credit.
- Up to $150k
- Rates: interest rates starting at 0% intro rate for the first 6-18 months* and up to 19.99%
- Repayment: Revolving, credit cards are personal lines of credit.
- Fees: 3% to 5% origination fees
- Payments: Low monthly payments
- No collateral required
Credit Score: Must have a good credit score, at least a 680-fico score, good credit history, and a credit utilization not over 35%. Bad credit is not allowed
No Annual Revenue requirements to apply
- *not all cards have intro rates in our business credit card network
Why should you apply for our restaurant business loans?
Capital for Business has been serving small businesses for over 15 years and knows what the entrepreneurs value the most. That is why we offer:
- favorable approval rates.
- we offer bad or poor credit business loans
- custom-tailored service with a dedicated loan specialist.
- reasonable eligibility requirements.
- flexible repayment terms on a daily, weekly, bi-weekly, or monthly basis.
- hassle-free online business loans application process.
- same-day approval.
How to get a business loan
OUR FAST BUSINESS LOAN APPLICATION PROCESS
Get business funding in as little as 24 hours
In just three easy steps, you can access the right financing solution for your business. Our fast application and 24-hour funding process give you the working capital needed to grow your business in no time!
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Restaurant Blog Resources
Trends & Tactics
The Post-COVID Restaurant Management Checklist For Small Businesses
While the world may be divided into many aspects, one thing that unites us is the hope that the end of the COVID-19 pandemic is in sight. After over 18 months of staying at home, often under strict restrictions with limited movement, many of us are starting to gear up for the future. This is particularly true for small restaurant businesses. This industry has had to adapt its offerings significantly, with restaurant management needs to expand its models to include food delivery services.
How a Small Business Loan Can Help Your Restaurant Grow
Taking out a loan can be a difficult decision, but often a small business loan can help bring your restaurant to the next level. Before taking out a small business loan, you should have a clear plan of how you will spend your money. The tips below are great ways to use a small business loan to grow your business.
Industries That Can Benefit From a Small Business Loan Right Now
There’s no denying that a lot of businesses are hurting this year. The economic struggles brought on as a result of the coronavirus pandemic have left many businesses grasping at straws and struggling to stay afloat. While many businesses are suffering regardless of industry, some industries have been hit much harder than others. These are some of the industries that can benefit from a small business loan right now.
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