RESTAURANT BUSINESS LOANS

restaurant business loans

The application process for restaurant business loans is different from other banks or creditors. Our simple method allows for quick and easy funding. Loans from $5000 to $500,000. Rates and terms are dependent on the performance of the business. The amount capital that can be borrowed is dependent on monthly deposits. This allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. There is very little paperwork involved, this is why the process is so quick. Click to learn more about Alternative Financing Advantages.

Click below to see different industries, business strategies, and how to get started.

Restaurant Industry

United States department of Labor reports growth in the restaurant industry is projected to grow 5 percent from 2014 to 2024. About as fast as the average for all occupations. For restaurant owners the most basic form of expansion is to focus on your current customer base and adapt your business’s offerings to fit your customers’ changing needs.  When your business is growing, restaurant business loans can provide an injection of cash to continue its growth.

Restaurant business loans

Restaurant Equipment

Restaurant business loans

Acquiring additional restaurant equipment, is one option to provide faster service and turn more tables.  The kitchen will be the center of your business and the place where your menu comes to life. That being the case, you will need high quality equipment that can withstand the pressures of daily use. Other options are purchasing new with a longer warranty period, or lease items with a service agreement. It may easier and cost effective to have up-to-date equipment that can boost your restaurant’s cash flow and profitability.

Restaurant Marketing

Restaurant marketing your restaurant is vital to attract new customers.  You might serve the best food in town.  If no one knows about it, you will never have enough customers to stay in business. Restaurants need to advertise their menus and offer promotions to get people in the door. This can include starting a blog or website, which is a great way to build community and engage with your customers. Highlighting your menu and staff., Seeing happy, smiling employees does wonders for your reputation.

Restaurant business loans

Restaurant business loans

Restaurant Renovation

If your restaurant is busy and you’re turning away customers. You might want to start thinking about restaurant renovation. Increasing seating capacity, adding space for private dining, adding a room for private catering, or remodeling dining room. Restaurant small business loans can help you manage your growth and expansion.

Restaurant Expansion

Restaurant business loans can help you with funding for a lease or purchase of a second building.  Kitchen equipment, food Inventory and employees. Plus tables and chairs, lighting and decor. Customers aren’t likely to come back or spend money at a restaurant that looks cheap.

Restaurant business loans

Restaurant Employees

Restaurant business loans

Hiring the best restaurant employees, starts with offering competitive wages and benefits whenever possible. Attracting the best waiters, waitresses and bartenders is only going to make your customers feel better. The best restaurants hardly ever receive any complaints about employees who work there. Maybe your restaurant could use a new look.

Restaurant Software

Restaurant business loans

Point of sale restaurant software is the lifeline of your operation. Staff in the kitchen can see orders made by your waiters. Inventory and food sales. Identifying usage patterns allows for better planning of ingredient purchases, eliminating or minimizing shortages as well as decreasing the incidence of over-ordering.  Restaurant software frees up staff from performing time-consuming tasks, such as manually performing cash register reconciliation in sales. Upgrading your POS If you have old equipment that is slow and limited.  A new system can allow you to better manage orders and improve your cash flow.

Restaurant Inventory

One of the most common reasons for restaurant business loans is matching restaurant inventory to customer demand. Especially for large catered events.  How well the company manages inventory optimization has a major impact on its profitability. Ordering in bulk quantities for a lower cost helps save money.  It makes sense to invest in enough inventory to make sure you always have enough to sell to your guests.

Restaurant business loans

Restaurant Working Capital

Restaurant Business Loans

Restaurant working capital is important for owners that face multiple challenges every day. Between the demanding competition, high operational costs, and the constantly fluctuating customer demand. Owning a successful restaurant or cafe requires hard work, perseverance, and versatility to succeed. This can also include employees, purchasing food and supplies, buying commercial equipment or opening a new location. You need to continually invest in the future of your business in order to remain ahead of rival establishments. Call us today to find out how we can help you grow.

Click below to see different industries, business strategies, and how to get started.