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Restaurant & Bar Business Financing
Grow your restaurant or manage cash flow needs with the best funding options.
Quick online application with same-day funding.
No collateral needed and minimal documentation.
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Get up to $5M financed within 24-48 hours
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6-month to 2-year loan term lengths
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Flexible payment options for credit scores over 550
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Both secured and unsecured funding available
Won't impact your credit
Top Ratings on Trustpilot
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See What Others Say
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Effortless Application
We respect your time. Complete our streamlined online application in just 2 minutes.
Swift Approval and Funding
Experience same-day approval and have funds in your bank account within 1-2 days. Your business moves fast, and so do we.
Business owners in the restaurant industry — a whopping $1.34 trillion market in the U.S. — surprisingly have difficulty raising capital. Reports from the Small Business Administration (SBA) consistently show a lack of capital as the primary reason restaurants go out of business.
This is why it’s important for restaurant owners to seek funding. With restaurant business financing, you’ll have the extra capital to meet daily operating expenses, cash flow gaps, opening new locations, and more.
Follow our guide to learn and compare the best loan options for success in the food and beverage industry.
What Is Restaurant Business Financing?
Restaurant business financing are funding options specifically for restaurant owners. They can help you invest in quality staff, promotion, and more to meet your business goals. With food and beverage being one of the top industries in small business, you’ll want to invest as much into perfecting your restaurant as possible.
Benefits of Restaurant Financing
Having funds for upgrades can set you apart from the competition. A few common reasons restaurant owners use business financing include:
Leasing a new location
Location is the single most important factor in your restaurant's success. Renting a spot that drives in a flood of restaurant-goers can cost a pretty penny. Fast Capital Financing helps make it a reality.
Hiring and training new staff
Use your capital to retain a top-notch chef to refine your menu and train waitstaff to provide an exceptional experience for your diners.
Promotion and marketing efforts
Successful restaurants don't just rely on repeat customers. They continue their marketing efforts to promote the brand, create a social media presence, hire a publicist, and advertise.
Covering payroll and operating expenses
Use the funds however you need for running your business, including purchasing new kitchen equipment, making renovations and building maintenance, investing in POS system upgrades, and creating cash reserves for slow seasons.
No Collateral Required
Retain complete ownership of your restaurant with an unsecured business financing from Fast Capital Funding. There is no collateral needed to get funded.
Lowest Charges
Unlike going to a traditional bank, our network of 75+ granters competes to offer you the lowest charges in the industry. Whether you have good or bad credit, your financing adviser will work with you to secure the best charges.
Flexible Payment Options
Get repayment terms tailored to your business needs and existing cash flow. We strive to provide best-in-class terms that fit your goals.
Quick Approval and Funding
Get approved online within minutes of applying and money in the bank in as little as one to two days. Restaurant financing with Fast Capital Funding have the fastest turnaround time in the industry.
Consolidate Existing Debt
Many restaurant owners have existing financing with high interest rates. Fast Capital Funding can consolidate your debt to lower charges and reduce your monthly payments, saving you money and improving cash flow.
Meet your Fast Capital Funding advisors
We make sure you're getting the best options on your business funding, and set your company up for success.
Minimum Requirements
Here is our basic criteria to prequalify for a restaurant business financing. Your Fast Capital Funding loan concierge will help you get funded, even if you have a less-than-optimal credit score.
$10,000 in monthly revenue
Your business must geneerate at least $10K per month in gross sales that gets deposited into a business bank account.
500+ credit score
You can get approved with any personal credit score. But do note that the better your score, the better financial terms granters offer to restaurants.
Over 6 months in business
Your business should be operational for more than six months. The longer the better. This shows our granters that you are less likely to default on your financing and continue to thrive.
Have a business bank account
You must have a business bank account where you deposit sales. A personal bank account does not qualify. Fast Capital Funding will need three months of your most recent bank statements as proof of revenue.
Small Businesses ❤️ Fast Capital Funding
Fast Capital Funding got me funding to open a new location
I get solicited by financing companies every day, but when I spoke to Fast Capital Funding, I worked with the owners directly. While many companies mislead you with false hope, Bryan came through on every promise. I was approved in 24 hours, funding in 48 hours and received much better rates & terms than I previously had with another granter.
Dylan A.
Big thumbs up for Michael at Fast Capital Funding
I've been running a family diner for years, but needed a revamp. Michael made the loan process so simple. Before I knew it, I had the cash to upgrade my kitchen and dining space. They truly care about small business owners.
Emanuel J.
Loan process was fast and easy
Every penny counts in the restaurant business. When I hit a rough patch, Fast Capital Financing was there. Their process was quick and easy, and my advisor was the best. Thanks to their loan, my food truck business is still going.
Donald F.
6 Best Business Financing for Restaurants and Bars
When you work with Fast Capital Funding, your dedicated lending adviser helps you find financing that fits your business goals. Having funded over 10,000 food service companies, we believe the following funding options work best for restaurant owners.
1. Business Line of Credit for Restaurants
A business line of credit provides working capital. It's a flexible way to get approved for a credit line with low charges and is structured similarly to a credit card. You only pay interest on funds you utilize.
Benefits of having a business line of credit:
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On-demand funds available to use when needs arise
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Only pay interest on money withdrawn from the credit line
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Helps improve your credit rating
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No prepayment penalties
2. Short-Term Financing for Restaurants
The most common type of financing taken by business owners, a short-term financing is a traditional financing option. You borrow a fixed amount of capital from a granter with fixed charges that is paid over a certain length of time. You get the entire financing amount as a lump sum, such as a merchant cash advance, and it can be used for any type of business expenditure, including renovations.
Benefits of getting a short-term financing:
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No collateral is needed to secure the financing
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Quick and easy approval
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Financing closing within one to two days
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Low credit score requirements (we recommend a credit score of at least 550)
3. Equipment Financing for Restaurants
Finance up to 100% of kitchen equipment, furniture, ovens, and decor needed to create a successful restaurant. Equipment financing offers competitive interest rates and requires minimal paperwork, so you can get your new equipment quickly.
Benefits of equipment financing:
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The only collateral needed is the purchased equipment
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Minimal paperwork
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Approval for good or bad credit scores
4. SBA Financing for Restaurants
The Small Business Administration (SBA) offers two popular financing options for restaurant owners: SBA 7(a) and Microfinancing. The SBA backs up to 85% of the total funding amount. While SBA financing offer some of the best options, approved granters have strict credit score and paperwork requirements. Due to the approval time for an SBA financing, they’re best for owners who are not in immediate need of capital.
Benefits of SBA financing:
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Partially backed by the SBA
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Low charges
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5 to 25-year term length
5. Working Capital
A working capital financing can be a lifeline for your restaurant business during low sale seasons. This type of short-term financing works for any practical need, such as filling cash flow gaps and covering operational costs to help your business grow.
Benefits of Working Capital Financing:
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Easy approval process
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Quick financing process (24-48 hours)
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Lets you keep full ownership of your business
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Tax deductions on interest paid
6. Merchant Cash Advance
While technically not a financing, a merchant cash advance (MCA) can also serve as capital for your restaurant needs. With an MCA, you receive a portion of your future sales upfront for a fee. MCAs have more flexible requirements for borrowers, making it easier for business owners with poor credit to get fast funding.
Benefits of Merchant Cash Advances:
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No collateral is needed
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Quick application process
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Approval for average or bad credit scores
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Repayment is based on sales
Types of Financing for Restaurants
Here are the most common types of financing options that we provide the food industry. Your Fast Capital Financing advisor will walk you through each option that fits your specific needs.
You deserve the best options and an honest financing advisor who has your back.
From our humble beginnings, we remain committed to helping American businesses achieve success. We keep things simple, convenient and transparent.
Compare Restaurant Financing Options
Comparing finanging types can help you narrow down options and ensure you get the best deal. Here’s a snapshot comparison of the best restaurant business financing options:
Types of businesses we fund
Fast Capital Funding provides same-day financing to any food and drinks business located in the United States. Here's just a few of them:
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Restaurants
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Bars
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Coffee shops
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Nightclubs
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Fast food
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Franchises
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Vending machine businesses
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Bakery and pastry shops
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Food and beverage manufacturers
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Food trucks and mobile kitchens
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Delicatessens and sandwich shops
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Grocery stores
Potential usues for food service business financing
In the food industry, having funds for upgrades can set you apart. Whether it's new seating, better equipment, or growth marketing, the right investments matter. Below is a list of how a food service business loan can make a difference for you.
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Food and liquor purchases
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Renovations and remodels
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New location openings
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POS system upgrades
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New kitchen equipment
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Kitchen equipment maintenance
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Payroll and taxes
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Operating expenses
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PPE and sanitation supplies
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Pandemic relief
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Hiring and training of new employees
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Advertising and marketing.
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Managing unanticipated business expenses.
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Debt refinancing
How to Apply for Restaurant Financing
Once you’ve compared granters and options, the following steps will help you acquire a business financing.
1. Determine Which Financing You Need
You’ll want to determine which type of business financing or financing is a good match for your business goals. Prioritize financing with charges, collateral requirements, and repayment terms that you can meet.
2. Check Your Eligibility
After you know the type of financing you want, make sure you meet their qualifications. Determine your eligibility as a restaurant business following the factors that most influence your financing approval. These include:
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Your restaurant’s time in business
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Annual revenue
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Credit score
A good rule of thumb is to review your personal and business credit score before applying for financing. This way, you’ll know what granters see and can ensure they report accurate information.
3. Gather Necessary Documents and Submit Application
Most granters require the following documents with your financing application:
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Business information (lease, certificate, licenses)
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Financial statements (balance sheets, profit and loss statements)
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Personal and business tax returns
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Restaurant business plan
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Collateral information
Once you have your documents in order, you’re ready to fill out and submit your financing application. It may take weeks or months to hear back from traditional granters. Fortunately, online financial sevice providers like Fast Capital Funding typically approve applications within 12 days and can offer same-day business loans.
Quick Funding to Grow Your Restaurant
When working with Fast Capital Funding for a restaurant business financing, our quick online approval and turnaround time gets you funds in 48 hours or less. Our financing advisers work with a network of 75+ granters to secure you the lowest charges and repayment terms tailored to your business.
Best of all, you don’t need collateral to get funded. You can retain complete ownership of your restaurant with our unsecured business financing.
Won't impact your credit
FAQs About Restaurant and Bar Financing
Quick funding is the secret sauce for survival and growth in the food business. Here are frequently asked questions from restaurateurs and food entrepreneurs we've financed.
How do I get a business financing for a new restaurant?
To secure a restaurant business financing, you'll want to determine which type of financing is a good match for your business goals. After you have an idea of the type of fianncing you want, you're ready to take the next steps and determine your eligibility as a new business. Fill out a financing application online and talk to an adviser to get the process started. We've worked with new restaurants and startups to get small business owners the restaurant financing options they need at favorable monthly payments.
How has the COVID-19 pandemic affected restaurant and bar financing?
The pandemic made some lenders more cautious about granting finance to restaurants and bars, and many traditional banks may still have stricter approval requirements. Other providers, like online granters, tend to be less restrictive with restaurant and bar financing eligibility. Our lenders at Fast Capital Funding can assist you in finding the right financing for your situation.
Is it hard to get a restaurant financing?
No. Many business owners find the funding process for financing products to be fairly straightforward. While traditional bank financing may require financial statements, a business plan, and a drawn-out application process, Fast Capital Funding streamlines the process for borrowers.
Do I need collateral for a restaurant financing?
Some financing types require a personal guarantee, but not all. For example, SBA financing typically require collateral. Fortunately, alternative financing options, like unsecured business financing, do not require any security.