...

Restaurant Financing

Restaurant Financing

Restaurant Financing

Getting to business financing shouldn’t be hard or tedious. ONKOURE Financial Services has fostered a basic way of getting up to $5,000,000 to cover all your restaurant’s requirements. With cutthroat rates beginning at 9% and adaptable terms of 6, 12, or 18+ months. 

ONKOURE Financial Services just requires 4 months of tasks and a base month to month normal of $20,000 in business income. 

Restaurant businesses organizations can encounter occasional high points and low points.

That is the reason numerous proprietors depend on our restaurant loans to keep their endeavors running every year.

Types of Restaurant Business Funding
We offer many types of loan products for restaurants. The kind of financing you can get depends on your financing needs. Here are the most common financing options we have available for restaurant business owners.
Restaurant equipment loans
Restaurant owners understand how expensive acquiring new equipment, repairing or replacing broken restaurant equipment can be, especially baking equipment such as ovens. You can still upgrade your restaurant equipment to the most state-of-the-art equipment through restaurant equipment loans.
Unsecured working capital loans
Almost every restaurant at some point will require an unsecured working capital loan. They are short-term loans that assist restaurant owners in taking care of expenses and operating their business smoothly.
Restaurant loans with bad credit
The loan terms and the interest rate depend on the loan size. Smaller loans usually have higher interest rates and a shorter repayment time as compared to bigger loans. Approval amounts are based mostly on the capacity of repayment (business revenue reflected in bank statements) and the availability of collateral (such as real estate or equipment) to secure the loan.
Lines of Credit
Restaurant owners can testify on how costly it is to cover food costs. If you need to finance inventory purchases for your restaurant business, consider inventory financing. It can be in different forms: short-term, medium-term, or a line of credit. Inventory financing is for the specific purpose of purchasing stock for your business.
Small Business Administration (SBA) loans
Restaurant loans are SBA’s largest form of approved business loan. With SBA loans, the government acts as the guarantor by giving assurance for the money restaurants get from SBA. All you have to do as a restaurant owner is to ensure that you have everything ready to make it easy for SBA to invest in your restaurant.
Previous
Next

How we can help

Purchasing new equipment:
Do you need tables, ovens, furniture, or other types of business equipment? With our equipment loans you can lease or buy the equipment you need. 

Opening a new location:
The weather, neighborhood, floor space available, and physical accessibility to your restaurant will also have an impact on your revenue stream. 

Stock up inventory:
Having more inventory during an anticipated busy season will allow you to benefit from the core strengths that your restaurant already offers.

​Cover Operating Expenses:
Having updated and accurate income statement and balance sheets will allow you to analyze areas in which you can best invest working capital to improve the performance of your restaurant business.

Marketing & Advertising:
Your food may be delicious and the location may have an amazing interior, but if clients don’t know about your restaurant, they will miss out on the experience.