Restaurant Survival Guide: Tips for Surviving Year One

Starting a restaurant is like embarking on a culinary adventure. Whether you’re opening a cozy coffee shop, a fast food phenom, a trendy food truck, or a chic sit-down eatery, the challenges are as diverse as the menu items you plan to serve. According to statistics, about 60% of new restaurants fail within their first year. But fear not, fellow restaurateurs! With the right strategies

How Easy Is It to Get a Loan for a Restaurant?

Securing a loan for a restaurant can be a complex process, given the dynamic nature of the restaurant industry. This article is designed to help restaurant owners understand the ease and challenges of obtaining financing, highlighting why Merchant Cash Advances (MCAs) might be a more viable option for business owners over business loans.

Best Restaurant Loans for Small Business Owners in 2024

As a small business owner in the bustling culinary industry, securing the right financing is crucial for your restaurant’s success in 2024. With a plethora of options available, this comprehensive guide will help you understand the best restaurant loan options, alternative financing and funding strategies tailored for small businesses.

The Fastest Way to Get a Restaurant Loan

For small business owners, particularly in the bustling restaurant industry, obtaining fast and efficient financing is crucial. Whether it’s for opening a new location, renovating your existing space, or simply managing day-to-day cash flow, securing the right kind of funding can make all the difference. This guide is designed to help

Restaurant Loans for Entrepreneurs with Bad Credit

Running a new restaurant can be a thrilling adventure filled with opportunities and challenges. However, securing the necessary capital can be one of the biggest hurdles, especially if you have bad credit. Business owners with less-than-ideal credit scores may

The Costs of Starting a Restaurant: A Comprehensive Guide 2023

For a restaurateur, embarking on the journey of opening a new restaurant is both exciting and challenging. One of the most critical aspects of starting a restaurant business is understanding and managing startup costs.

The Best Loans for Restaurants in 2023

Share this Blog Restaurants will face many of the same challenges next that they faced in 2022, and dealing with those challenges will affect each company’s choices for the best loans for restaurants in 2023. Foodservice Equipment & Supplies magazine reports that 58% of surveyed restaurants expect an increase in operational budgets in 2023 due […]

Restaurant Financing: Can a Merchant Cash Advance Help Your Business?

Share this Blog Merchant cash advances can be particularly helpful to restaurant owners since the restaurant business is so largely dependent on credit card and debit card-based transactions. And if you’re a restaurant owner, you know that cash flow is always a challenge. There are so many expenses to pay—rent, food costs, labor—and sometimes it […]

How To Avoid Common Restaurant Financing Mistakes

Share this Blog Avoiding common restaurant financing mistakes comes down to an objective understanding of where your particular eatery stands, what it needs, and what lenders are willing to give you. The restaurant business is risky, after all. A recent CNBC report stated that about 60% of all restaurants fail within their first year, while […]

How to Apply for a Restaurant Loan in 2022

Share this Blog On This Page: Before You Apply for a Loan Types of Restaurant Business Loans Term Loans SBA Loans Equipment Financing Business Line of Credit Merchant Cash Advances Business owners have any number of options when they consider how to apply for a restaurant loan. The multifaceted nature of the business means that […]