What Financing Choices Are Available for Restaurants?
We know that your time is valuable. Understanding the types of funding that’s available to restaurants can save you time.
Compared to traditional lenders, our advantages to you include all-in-one business funding solutions:
- Business Line of Credit
- Business Term Loan
- Merchant cash advance
- SBA loans
- Equipment financing
- Business cash advance
- Low cost merchant processing (FREE TERMINAL and REGISTERS)
ONE APPLICATION MULTIPLE POSSIBILITIES!
Upgrades
Upgrade Hardware/Software & Office Furniture
Inventory
Ramp up on Inventory or stock up on supplies
Renovate or Relocate
Renovate or relocate your business
Payroll
Payroll, Sales and Federal Tax Dues
Web
Revamp Company Website.
Debt
Pay Off existing Cash Advances
This is not a cash advance.
Wide Range of Terms
Monthly Term up to 10 years (2 – 10 yrs available)
Tax Deductable
Express Financing for Approvals Up to $75,000
Builds Credit
Builds business credit
Large Funding
Business Loans up to $500,000 per Location
Fast Funding
Funding in 5-7 business days
Large Approvals
Approval based on debt ratio and cash flow.
Secured vs Unsecured Business Loans For Restaurants
There are two types of funding, secured and unsecured.
You have various business funding options, but they all have caveat. These can start from credit score, time in business, industry, use of funds and the lenders that’s involved.
Choosing the right funding strategy depends on your specific business needs, financial situation, and long-term goals. Small business loans offer a balanced approach with the benefits of capital access, ownership retention, and credit building.
Break down the types of business loans details here:
Exploring all available options, including credit cards, equity financing, debt financing, merchant cash advances, private bank loans, and SBA loans, can help you make an informed decision that aligns with your business objectives.
We make it easy to grow your business
No Application Fee
No Switching Processor
No Additional Collateral Required
No Prepayment penalty
Lowest Rates
Direct Lender
Up to $1 million in as little as 24 hours
Our small business financing experts are available to guide you through the funding Process.
Instant Quote Online
Use our instant online quote calculator to get an accurate no obligation quote.
Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
We will contact you to review your options.
Get Funds
Money will be deposited in your account in as little as 24 hours.
HOW TO APPLY
Where can I apply?
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Are you an Equipment Vendor??
If you sell equipment including restaurant equipment, we’d love to partner with you to offer highest approval rate for your clients. Our goal is to get them approved no matter what their credit profile might be. Working with Liberty Capital will give you a wider credit window so you can stop shopping for your clients. We do soft-inquiry for each applicant.
1. Check out how you can grow your vendor business using our financing options. View our credit guidelines here.
2. Download our equipment vendor package here.
All we need from your clients is a simple application.
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Business Loans for Start Up Restaurants
Credit Requirements for Startup Financing for restaurants:
For startup companies, we require: Credit requirements Varies depending on the types of business loan. Here’s how you get your ducks in a row to make sure you make it easy for the lender approve you.
Ø Business license or active business entity registration.
Ø Personal guarantees from all owners – history matters.
Ø Minimum 650+ credit score.
Ø No bankruptcies in the last 7 years.
Ø No unresolved tax liens.
Ø No judgments, or repossessions
Ø Sufficient net worth
Starts up in a sense can be subjective. Gov’t consider start up differently than a public company. Mom and pop start or small business start up? Hobby to a business start up? Well it comes down to this:
Pre-revenue Start up – obviously no revenue yet. So, it’s difficult to get working capital or cash advance loans due to the fact that they base their decision on annual sales. Pre-revenue has limited option and one of the option that’s suitable type of funding for pre-revenue startup is equipment loan, equipment lease that’s not as hard process as SBA loan. You can qualify for an SBA loan as a start up but you have to have down payment, collateral or all your financials, projections, budget and master plan ready to go with it. Do you?
Post-Revenue Start up. – Post start up sales give you more options than a pre-revenue start ups. Now you’re eligible to get term loan, MCA, equipment financing and even SBA. Start up equipment leasing for restaurants is possible if you have good credit.
Contact us to get started! Apply for a start up loan here.
