Loans & Financing
From small cafes to franchise establishments, we’ve provided businesses nationwide with restaurant loans!
We're a Funding Partner
with a Proven Track Record
Since 2008, we've grown with the companies we support.
What Are Restaurant Loans?
Restaurant loans are business loans designed just for the restaurant industry. They are tailored to the recurring expenses and cash flow needs of food service companies. Each loan is uniquely tailored to the needs of the individual restaurant. These loans can provide much-needed cash even during slow times of the month or year.
How Restaurant Loans Work
Restaurants that need working capital, especially during the early phases of their business often get restaurant loans. These loans provide the resources they need to pay their staff, buy products and cooking equipment, and even pay the building lease and other bills during the slowest times of the year.
How To Use a Restaurant Loan
There are many ways to use a restaurant loan. Whether you want to expand your operations or add new staff, here are some of the top ways that businesses use these loans.Learn Why Us
Expand your restaurant business to a new location.
Buy new cooking equipment to outfit your restaurant kitchen.
Hire new restaurant staff to give your guests the best service.
Why Apply for Restaurant Financing
Getting enough inventory to open a business is one of the reasons people apply for restaurant loans.
Invest in Marketing
Marketing is critical for any business. Get restaurant financing to help grow your business.
Implement an Online Ordering System
Implement a new online ordering system to improve the customer experience and save you time.
Minimum Eligibility Requirements
Get a restaurant business loan to help you with all the expenses of making and serving food. We can help you with your lending needs if you meet the following eligibility criteria.
|Time in Business||Minimum 6 Months|
|Business Annual Growth Revenue||$150K + Annual Revenue|
|Business Checking Account||Yes|
|US Citizen/Based Company||Yes|
Better Your Business With Fora Financial
Open New Locations
Hire Restaurant Staff
Invest in Marketing
Invest in an Online Ordering System
What Fora Financial customers say
Restaurant Loans FAQ
If you want a loan for a restaurant, you can choose from equipment loans, business lines of credit, working capital loans, traditional commercial lending, and inventory financing. Some loans are multi-purpose while others can only be used for a particular business need.
Yes and no. Financing a restaurant with certain loan types can be very difficult to obtain. People with good credit scores or other success in business are more likely to get restaurant loans than those who have never done business before or who have bad credit.
Most lenders look for a credit score of at least 640. Although, some lenders will consider lower credit scores if you have more cash to invest in the business.
The average person can expect to get anywhere from $5000 to $1 million or more for loans to open a restaurant. Since each situation, business plan, and business owner are so unique, future restaurant owners need to talk to a lender to get more information.
Yes, but it comes at a cost. Those with credit scores under 600 can expect to pay higher interest rates on their loans, have shorter loan terms, and may need more cash up front to secure the loan.
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