The Wise, Fast & Transparent Solution for your business.

Restaurant Business Loans -   Build your loan On the Fly.

Do you need new equipment, employees or inventory for your restaurant?  We have the restaurant financing tools you need to-go.  Compare restaurant business loans with Upwise.

restaurant-business-loans-financing

Step 1 of 3

Safe & Secure

Excellent Rating
5/5
5 Star Reviews on Google
5/5
5.0 Score on BestCompany
5/5
Verified
5/5

Restaurant Business Loans: How They Can Help You

restaurant financing loans

Running a restaurant or food service business comes with many challenges unique to the industry.  Restaurants are very competitive in nature, which can make it difficult for owners to see consistent cashflow.  Some restaurants are seasonal, in addition the high level of employee turnover also makes finding a high-quality staff difficult. It might seem overwhelming to manage cash flow through these unexpected ups and downs. That’s where business loans for restaurants and food service companies can help.  

Open a New Location or Upgrade Your Equipment

If you are a small business owner looking to remodel your restaurant or open a new location, then a restaurant loan can be used to finance your renovation project.  Additionally, if you need a business loan for restaurant equipment, see our financing and leasing options.

What can a Restaurant Business Loan be used for?

Partner with New Vendors

  • Put yourself ahead of the competition by partnering with the new vendors using a restaurant business loan
  • Have the extra funds to expand inventory and ingredients such as, adding a new craft beer on tap or adding a seasonal menu item

Hire More Staff

  • With restaurant business financing, you can address the need for hiring more employees
  • Apart from financing hiring, you may also use funds from a restaurant loan for training costs and payroll to keep your employees happy

Marketing & Advertising

  • Use a restaurant loan to advertise and grow your customer base or promote new specials and discounts
  • Build or optimize your website, add new signage, or place a magazine or newspaper ad to generate new customers

Manage Cash Flow

  • Maintain your capital cash flow to manage expenses during the slow season
  • Utilize restaurant financing loan options to fund your inventory and payroll, before your cash flow is low or business gets slow

Upgrade Restaurant Equipment

  • You can use a restaurant loan to buy dining room interior design elements such as tables and chairs or add on an new outdoor space.
  • Use equipment leasing and financing to purchase ovens, fryers, dishwashers and all top quality commercial kitchen equipment

Buy New Inventory

  • Importantly, inventory is what keeps business going to ensure you have the necessary ingredients to cook everything on your menu
  • Restaurant financing can be taken advantage of to ensure you can always purchase inventory and as a result keep your customers happy

6 Best Business Loan Options for Restaurants

The restaurant industry has unique challenges when it comes to managing cash flow and working capital.  Undoubtedly, margins are usually thin and it can take months for the restaurant to get paid.  For instance, you can use a working capital restaurant loan to bridge the gap between the time you receive payment and meeting your capital needs.  Working capital loans provide a fixed amount of money, with a fixed cost which are paid back over a term of 3-18 months.

Equipment Financing for Restaurant Companies

100% of Equip ValueUp to 8 year terms
Finance or Lease New or Used Equipment
Equipment Used as Collateral
Leverage Equity in Existing Equipment
Monthly Payment Terms

An equipment financing loan can be a great option for a restaurant loan, especially if you are looking to lease or finance a piece of equipment.  Many restaurant companies utilize kitchen equipment and updated dining interior to give their customers a nice atmosphere.  Therefore, a new piece of equipment can certainly have a huge impact on the growth of the business.  A business loan for restaurant equipment is usually structured as a lease to purchase or a fixed-term loan.

Lines of Credit for Restaurant Companies

Up to $250K6 mo - 2 year terms
Draw When You Need Funds
Only Pay Interest on What you Draw
Save on Interest by Early Repayment
Monthly Payment Terms

Restaurant lines of credit have the flexibility that other loans do not.  Similar to a credit card in the sense that it’s a revolving line of credit which allows you to draw funds as you need it.  Also, you only pay interest on the funds that you draw.  Additionally, early repayment discounts work great for restaurants because once you’ve finished using the money, you can pay it back and save drastically on interest.

Term Loan for Restaurant Companies

$25K - $20M5-30 year terms
Used for Many Business Purposes
Set Repayment Term Length
Fixed Interest Rates
Weekly & Monthly Payment Terms

A business term loan is another great option for restaurants or food service industry companies.  Term loans are meant for those established restaurateurs.  In other words, those that are showing a profit on their most recent tax returns, have been in business at least 2 years and have a good credit score.  The proceeds from this type of restaurant loan can be used for a multitude of business purposes such as marketing, expansion or remodeling.

SBA Loans for Restaurant Companies

Up to $5M5-30 year terms
Longest Payment Terms
Guaranteed by the SBA
Low Interest Rates
Must Have Good Credit

A Small Business Administration loan or SBA loan is a loan guaranteed by the Small Business Administration.  On the contrary, the SBA is not the lender, but they do guarantee the loan through an approved SBA lender.  Even so, a restaurant SBA loan is a highly desirable financing product, however the process is long with many paperwork requirements and high credit standards.  See how an SBA loan for a restaurant business can help you. 

Real Estate Financing for Restaurant Companies

Up to $200M1-30 year terms
Larger Loan Sizes
Interest Only & Monthly Payments
May Require Appraisal
Lower Interest Rates

A real estate financing loan can also be a great option for a restaurant loan, especially if you have collateral to secure against the loan.  Many restaurants we come across have equipment, land, buildings or food purchase orders which can be used as an asset to secure a restaurant business loan.  For instance, restaurant owners will use an asset for more favorable terms, resulting in a higher approval and lower interest rate. Similarly to an SBA loan, the process can be long and require lengthy paperwork.

How to Apply for a Restaurant Business Loan

Restaurant Funding Solutions
to Boost your Success

Small business restaurant loans are easy to secure.  It only takes a few minutes to apply, and Upwise will present you with options.

Applying won’t impact your credit score.

restaurant business loans - restaurant equipment financing

Why Upwise for Restaurants

Types of Restaurant Companies We Serve

Restaurant loans - business financing - apply now

We offer restaurant loans to a wide range of industries and companies.  You deserve options.  Therefore, Upwise provides restaurant working capital, lines of credit for restaurant companies, commercial loans, business loans for restaurant equipment, restaurant business term loans, real estate financing and other restaurant business financing options, to meet all your needs.  So, here are some of the restaurant companies & industries we’ve worked with:

Compare All Restaurant Business Loan Options

  • Business Term Loan
  • Line of Credit
  • Equipment Financing
  • Invoice Financing
  • Short Term Loan
  • Working Capital Bridge
  • SBA Loan
  • Real Estate
  • Account Receivables

Max Loan Amount

$25K to $20MM

Unsecured Line of Credit

Profitability

Shown on Tax Returns

Loan Term

5 to 30 Years

Credit Score

620+

Interest Rate

7 % - 30 %

Time in Business

Greater than 2 Years

Speed

As Fast As 2 Days

Annual Revenue

Over $200K

Term Loan

A traditional business term loan is a lump sum of capital that you pay back with regular repayments at a fixed interest rate. The “term” in “term loan” comes from its set repayment term length, which will typically be one to five years long. Most business owners use the proceeds of term loans to finance a specific, one-off investment for their small business.

Loan Amount

$5K to $250K

Unsecured Line of Credit

Loan Amount

$100K to $10MM

Secured Line of Credit

Loan Term

6 Months to 2 Years

Credit Score

500+

Secured Line of Credit: 620+

Interest Rate

7 % - 25 %

Time in Business

Greater than 1 Year

Speed

As Fast As Same Day

Annual Revenue

$150K+

Line of Credit

A revolving business line of credit gives access to a pool of funds to draw from when a business owner needs capital. Unlike a traditional business loan, you have the flexibility to borrow up to a set amount, repaying only the amount you withdraw, plus interest.

Max Loan Amount

Up to 100% of Equipment Value

History

Good Financial History

and Tradelines

Loan Term

1 to 8 Years

or Expected Life of Equipment

Credit Score

500+

Interest Rate

As Low As 4 %

Time in Business

6 Months +

Start Ups Encouraged to Apply

Speed

As Fast As 2 Days

Annual Revenue

100K

Equipment Financing

Equipment financing helps you finance up to 100% of the new or used equipment you need for your business. A fast and easy way to finance the purchase of all types of equipment.  With a secured loan against your equipment, you can take advantage of the equity in your existing equipment, or use newly-purchased equipment as collateral.