Restaurant Finance is for owners of restaurants that require working capital to fund expansion or renovation. Restaurant Finance can be used to fund the expansion of a single restaurant, open additional locations or as operating capital for existing restaurant chains.
The most common types of restaurant funding are:
- Small Business Loans
- Equipment Finance
- Cash Flow Loans
- Merchant Funding
- Real Estate Finance
The type of funding that is available to you will depend on the profitability of the restaurant and length of time in business. Restaurants with historical profitability and credit worthy owners can take advantage of Small Business Loans, Cash Flow Loans and Equipment Finance. Restaurants with limited time in business or owners with poor credit can find financing through Merchant Funding
Franchise Owners will often use Restaurant Finance to open additional locations. Owners must be prepared to show cash flow forecasts and use of proceeds for all funds disbursed. Some loan programs have restrictions on the use of loan proceeds while others do not.
While there are several forms of Restaurant Finance available, each has its positives and negatives. In many cases more than one form of financing can be used to generate capital. Choosing the right working capital facility with the right lender can make all the difference.
Call us now at 855-424-2958 to discuss your restaurant finance options! Or fax us at (855) 450-0885.
Customized Financing Options
Asset Based Lending
Revolving lines of credit up to $20,000,000
Accounts Receivable Factoring
No minimums, up to $20,000,000
Secondary lines of credit for ABL or Factoring
Equipment & inventory facilities
Great for staffing & temp agencies