Get a Restaurant Business Loan Today!
Whether you’re looking to upgrade your kitchen equipment or invest in new tech to cover staffing shortages and wage increases, we’ve got you covered.
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QUICK & EASY APPLICATION
Apply in just 15 minutes and get funded in as little as 24 hours
YOUR PARTNER IN FINANCING
Your funding manager will be with you every step of the way
TAILORED TO YOUR PRACTICE
Your funding manager will work with you to ensure you get the best rates and terms
Cashifi Knows the Restaurant Industry
The restaurant industry is fast-paced, and you may start to feel the heat when you need capital to open, renovate, or expand your business. Luckily, it doesn’t have to be hard to get restaurant loans for startups or established spots when you choose Cashifi for your next financing opportunity.
Fill out our simple application.
Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.
Compare loan offers
Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.
Connect to a funding manager
One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.
Get Funded Fast!
We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.
Revenue-Based Financing
Also known as a business cash advance, this type of financing uses your establishment’s expected revenue as collateral for restaurant funding.
- TERM LENGTH
1-15 months - MAX LOAN AMOUNT
$1 million
Debt Financing
Get a lump sum to grow your business with a set interest rate and monthly payment. Common loan products include a business term loan or an SBA loan. An SBA loan is backed by the Small Business Association and offers some of the best interest rates. For those opening a franchise, our marketplace offers specific SBA franchise loans you can apply for.
- TERM LENGTH
6 months-25 years - MAX LOAN AMOUNT
$5 million
Line of Credit
Give your restaurant a financial safety net with a business line of credit. Like a credit card, you can borrow funds as you need them. So whether a commercial stove breaks or the space next door becomes available for an expansion, you’ve got the capital to get things done.
- TERM LENGTH
6-24 months - MAX LOAN AMOUNT
Up to $250,000
Equipment Financing
It takes a lot of equipment to get a restaurant up and running. With this financing option, the equipment you purchase serves as collateral. Plus, you can typically roll soft costs (Ex: taxes, delivery, and installation fees) into the loan.
- TERM LENGTH
1-5 years - MAX LOAN AMOUNT
$5 million
Frequently Asked Questions
While there are no loan products exclusive to restaurants, there are multiple types of business financing available that can provide working capital to cover business expenses or facilitate growth for a business in the restaurant industry.
Each lender and financing type has its own requirements. While some lenders may allow for a lower credit score based on higher monthly revenue and a few may have lower monthly revenue or time in business requirements, typical minimum requirements for financing start at:
A credit score minimum of 600
Monthly revenue of $8,000 or more
In business for at least six months
Choosing a lending platform like Lendio gives you access to multiple types of financing for your restaurant, so that you can choose from several types of offers that your business qualifies for.
A loan obtained by a restaurant can be used for both short-term operating expenses, as well as long-term growth opportunities. For instance, you may use the funds to cover payroll during slow periods or capital expenses like equipment, furniture, or a bathroom renovation.
Alternatively, a restaurant loan can also be used to expand your business to a new location, create a product line, or invest in new staff positions.
