Running a restaurant business is among the most challenging business ventures. From managing staff to seasonal lulls, food costs and income, staying relevant and profitable in the restaurant industry is difficult. You need capital to have the inventory, latest equipment, staff management, continuous marketing to drive new customers and to continually engage with the regular customers. At some point, you might need a small business loan to fill gaps in your cash flow.
Traditional lenders continue to tighten their lending criteria leading to little access to restaurant financing. This results in forcing restaurant business owners to secure expensive financing options like merchant cash advances to get along and survive.
Fortunately, there is a variety of restaurant financing options available when it comes to restaurant loans. Whether you need capital to kick-start your culinary dream or simply needs expansion, you’ll find many lenders offering small business loans for restaurants.
For more than two decades, Merchant Advisors has been helping restaurant businesses obtain restaurant loans to fulfill their instant financial needs and setting up for success in the future. With a simple, 3-step loan application, you can get instant approvals and funding in just 3 days with cash up to $500,000 with no collateral and at low rates and flexible terms. The restaurant loan quote is free and does not impact your credit score. Our dedicated loan specialist will walk you through the restaurant loan options you’re qualified for.
Advantages of Our Restaurant Loans
- Simple loan process with less paperwork
- Quick approvals and funding in just 3 days
- Flexible loan terms and low monthly payments
- Low rates, fixed payments, and no hidden fees
- Interest is tax-deductible
- Early pay-off options available
- No collateral requirement
- Use funds for almost any business purpose
See Your Restaurant Loan Options
Pre-Approval within 1 Hour
Restaurant Industries We Serve
Where can I get a business loan for my restaurant?
Getting restaurant funding from traditional sources is difficult. They consider restaurant loans as risky investments, especially to new businesses. They typically require you to have solid industry knowledge, good credit score, strong business plan or even collateral for the loan.
At Merchant Advisors, we want to help you cut through the formalities to get the restaurant loan you need to grow and succeed. Our restaurant loans are available through a simple, quick and automated loan application. Just provide your basic business information, with few financial statements, and we'll review your business performance in real-time to approve you for funding you need – up to $500,000.
Apply for Restaurant Business Loans Today!
Types of Restaurant Loans
While searching for funding, selecting the right lender is the most important decision you'll have to make. It's crucial to review your options to determine which lender will provide you with the best possible rates and terms. The best business loan is the one that helps you fulfill your business needs with the lowest rates and most affordable terms. Here are some of the most common types of restaurant loans for you.
For the first time restaurateurs, financing options are limited especially with traditional lenders. Since new businesses don’t have a solid track record, they’re considered risky. Most traditional lenders won’t even approve a loan for a startup restaurant because of no history of generating profits — or even revenue. There is where equity financing can help.
Raising equity might not be possible for most restaurateurs. As a startup, you might not have the personal resources to contribute capital for your endeavor, or you don’t want to give up your company ownership before you even kickoff. So, what are your options when you need funding to kick-start your culinary dream? Traditional banks aren’t a suitable source of capital, and your best bet is an alternative lender like Merchant Advisors.
Every restaurant business, whether large or small, needs funding to buy equipment from storage and cooking equipment to refrigeration, specialized ovens and other commercial kitchen essentials equipment. In certain cases, you’ll need to have the equipment just before you start a restaurant business. Even after the business is started, you’ll need upgrades and repairs for the equipment. Restaurant equipment financing and leasing can help you get the equipment you need to serve your customers best without limiting your cash flow.
Inventory is the most crucial factor in the restaurant business. You need to have food available even before you can open your doors. Effective inventory management is essential to your daily operations and long-term goals. Managing your supply and food inventory requires diligence and money, and this is where a business line of credit is your best option. When the temperature is scorching, you don’t need to step out of the kitchen, just apply for business lines of credit as a quick fix for your supply and food inventory management.
If your restaurant business has slow-paying accounts, use your invoices to accelerate growth. When payments from clients are delayed, your restaurant’s cash flow can suffer – that’s where invoice factoring comes in handy! A restaurant is a capital-intensive business, and getting paid quickly is important for your restaurant business to stay afloat. Invoice factoring is a useful restaurant financing option to get you through the hard times.
After you’ve established a successful restaurant, you might come across cash-flow issues because of a high volume of sales, but if the cash is short to manage the operational expenses, your business will be at risk of shutting the doors and closing down. This is where working capital loans can help. You can use a working capital loan for any purpose including hire more experienced waiters, payroll, debt consolidation, refinance, remodeling or expansion, or simply stay current and up-to-date with the trends.
You’ve established a successful restaurant, and now you’re thinking of expanding to a new location. Similar to starting a new restaurant, the expansion also requires additional capital. Your clientele is growing, you’re revamping your menu with new items, you need more space, a restaurant expansion loan is your best bet to help you accomplish this.
Explore Your Restaurant Loan Options
Get Restaurant Loans from $5,000 to $500,000
Get Restaurant Business Loans Today
Small business loans from an alternative lending platform like Merchant Advisors can help support your restaurant obtain the funding for your immediate financial needs. As the restaurant lending experts, our team of dedicated loan specialists will help you to keep your restaurant business on track and profitable so you can achieve your long-term goals with our support by your side. Whether you’re a single-unit restaurant, a multi-unit franchise, or a nationally recognized chain, we can help you maximize your return on investment by providing the right restaurant financing products you need to grow and succeed.
Why Merchant Advisors?
At Merchant Advisors, we understand your unique needs and provide customized small business loans to keep your restaurant business progressing.
- Experience in the Industry
Helping small business owners since 1997
- Trusted by Small Businesses
Billions in funding to thousands of businesses nationwide
- Personalized Financing
Customized financing solutions to small business needs
- Quick Application Process
No cost, no-obligation application with funding in 24 hours
- Your Personal Loan Experts
Experienced loan experts helping you succeed
- Save Time and Money
Let’s be your helping hand so you can focus on growing your small business