Small Business Loans for Restaurants

There are numerous small business owners who are looking for restaurant business loans and many of them go to banks. Banks are not keen on giving loans to small business owners and the reason for this is because small business are considered to be a high risk investment.

As a private lender, Funding Easily has a completely different approach to providing restaurant financing. Our criteria is different from those of banks, and we do not consider providing restaurant loans to be a high risk activity.

Private funder criteria for small business loans for restaurants;

Our criteria are mentioned here as follows; the business needs to be at least 12 months old and running during that period of time. We do not provide funding to businesses who are not operational. The second criteria is as follows; the business owner should not be in active bankruptcy of any kind at the time of the loan application. Our final criteria is as following; the business income needs to be at least $10 thousand a month or more. These are easy and simple criteria to obtain restaurant funding, and most small business can achieve this easily.

We do not draw our conclusions of the business based on the credit score to provide a business loan for restaurants. On the other hand we actually work with businesses and even fund those whose credit scores are below average, and in the mid-500s. Banks on the other hand will never consider accepting an application whose credit score is less then premium or around about 700ish or over.

Banks also always require collateral and security, to ensure that the loan amount they give is covered and secure. As a private lender, Funding Easily does not require any kind of collateral or security or even personal guarantees to provide business funding for restaurants.

Contact us for more information related to restaurant financing companies and restaurant loans bad credit. Our funding team will assist you with information and also with the application process. Alternately you can also fill in the application form online here by clicking on the ‘get started’ tab.