Fast, Easy Restaurant Funding When You Need It
Our friendly, expert Funding Advisors will work with you to determine which funding option will help
Getting the working capital your restaurant needs from a traditional lender like a bank or the SBA can be difficult. The process can take weeks or months, and traditional lenders typically consider restaurants to be one of the riskiest ventures because of factors such as high overhead and operating costs, thin margins, and stiff competition.
With a streamlined online application, faster turnaround, and flexible approval requirements, Biz Growers gets more restaurant funding than traditional lenders, often in as quickly a 4 hours. We provide a number of different types of small business funding to help grow your restaurant, with alternative restaurant funding from as low as $2,000 up to $2,000,000. We fund all types of restaurants, including fast food, cafes and coffee shops, casual dining, fine dining, and more.
How To Use Restaurant Funding
There are no restrictions on how you can use restaurant funding. Restaurant funding is typically best for supporting growth strategies that will increase your eatery’s revenue, such as:
- Upgrading point-of-sale technology to improve efficiency
- Offering new services like takeout, delivery, or catering
- Replacing old appliances and equipment with newer, energy efficient models
- Remodeling your space or creating an outdoor dining space
- Developing a website capable of online or app ordering
- Expanding to a larger space or opening a second location
Alternative small business funding can also help when you need a quick influx of working capital to meet the unique challenges of running a restaurant, such as:
- Hiring, training, and retaining staff
- High operating and food costs
- Complexity of managing inventory
- Fluctuations in real estate value and lease payments
- High competition from other local eateries
- High cost of repairing appliances and equipment
- Changing customer preferences, such as increasing demand for home delivery, local sourcing, zero-waste cooking, and healthy options