How to Get Funding for Restaurant Expansion

restaurant equipment financing, funding for restaurant expansion, working capital loans for restaurants, restaurant expansion financing

Funding for Restaurant Expansion

Business must be good if you’re seeking funding for expanding your restaurant, so congratulations on your success! We’re excited to help you keep growing.

When looking for a business loan, it’s important to get familiar with your options – and you have quite a few choices! It’s easy to get overwhelmed at this stage, but don’t worry – we’re here to help.

First Capital Business Finance offers a wide variety of programs, from equipment leasing and financing to business loans, and even SBA loans. Even if you have bad credit, previous bankruptcy, or if your tax returns aren’t showing much of a profit, we have programs built specifically for you.

These programs typically consider your bank statements instead of your tax returns. Depending on what you’re looking to accomplish, there will be better solutions for specific goals. It’s always best to speak to an expert if you’re unsure what would be best for you. Simply call 888-565-6692 to speak with one of our advisers so we can help you decide the best plan for you.

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Restaurant Equipment Financing

restaurant equipment financing, funding for restaurant expansion, working capital loans for restaurants, restaurant expansion financing

If you are in need of restaurant equipment, you might not need a business loan. Depending on the type of business loan, the terms can be shorter compared to equipment financing. If you’re not needing additional working capital, equipment financing is most likely the better option.

Is your restaurant a start-up? No problem! We have programs for start-up restaurants as well as established restaurants that have been in business for years. There are also programs that can accommodate business owners with bad credit.

Discuss Your Options with an Expert


Our Restaurant Financing Programs are Built to Fit Your Needs

Below you’ll see a short list of some of the restaurant financing programs we offer. Please keep in mind that this is not a complete list! If you don’t see something that fits your needs, simply call First Capital at 888-565-6692 to speak with an adviser and find out what you qualify for.

Start-Up Restaurants

  • 580 credit score (with good payment history on other tradelines)
  • 24 to 60 months
  • No bank statements needed

Established Restaurants (non-start-up)

Low credit score program:

  • 500 credit score (not credit score driven, but will review credit history)
  • 24 to 48 months
  • Business must be making a minimum gross income of $10,000 a month for the last 3 months

 

Average credit score program:

  • 580 credit score (with good payment history on other tradelines)
  • 24 to 60 months
  • No bank statements needed

All we need to get the process started is the following:

  • Application
  • Your last 3 months of business bank statements
  • Invoice(s) for the equipment

If you own a start-up business, we don’t require bank statements.

The typical turnaround time for credit applications is 24 hours or less! To speak with one of our advisers, click here to contact us online or call 888-565-6692!

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restaurant equipment financing, funding for restaurant expansion, working capital loans for restaurants, restaurant expansion financingFinancing for Current Restaurant Location Remodeling

Are you looking to remodel your restaurant or upgrade some of your equipment?

You should consider a combination of equipment financing and a working capital business loan.

If you need working capital to do some construction, a working capital business loan is your best option.

If you’re not doing any remodeling and only need to upgrade your equipment, then stick to our equipment financing program.

Our working capital business loans are based on the business’s gross income. Credit is not a huge factor for the majority of these programs, so if you have some issues with your credit, we can still help you. First Capital has a wide variety of programs for you to choose from, no matter your credit score.

Working Capital Programs

  • 500+ credit score
  • 6 months’ time in business
  • Min $10,000 gross monthly income a month
  • 6 months of bank statements to prove gross income
  • 4 months of credit card processing statements (if you accept credit cards)

All we need to get the process started is the following:

  • Application
  • Your last 6 months of business bank statements
  • Your last 4 months of credit card processing statements (if you accept credit cards)

The typical turnaround time for credit applications is 48 hours or less!

Ready to get started? Speak with one of our advisers by clicking here or calling us at 888-565-6692.


restaurant equipment financing, funding for restaurant expansion, working capital loans for restaurants, restaurant expansion financingRestaurant Expansion Financing: Opening a New Location

Business is booming and you’re wanting to open a new location, so congratulations!

If you’re already seeking financing for this new venture, it’s safe to assume you’ve already drawn out a business plan and you most likely have an idea on the cost for this new location. Of course, this new location will need restaurant equipment like flatware, stoves, ovens, freezers, seating, etc.

Here are your options:

  • Equipment Financing
  • Working Capital Loan
  • SBA Loan

Speak with one of our advisers to learn which choice is best for your business. Call us at 888-565-6692 or contact us online to learn more.

Using Other Collateral to Fund Your Restaurant

Sometimes credit can be an issue if you’re trying to obtain financing on non-hard asset equipment. Even if you’re needing some extra working capital, and your revenue might not be strong enough to qualify for our income-based work capital programs, we have collateral-based programs that may be perfect for you!

Here’s how it works: Maybe you own some real estate, or other hard assets (like titled equipment). You can use that property as collateral to get extra cash for your business.

Get Funding for Your Restaurant with First Capital today!

First Capital Business Finance is proud to offer a wide selection of programs to our customers. To learn more about our programs and find out what you qualify for, call us at 888-565-6692 to speak with one of our knowledgeable advisers. It’ll only take a few minutes to find the solutions that fit you and your business, so call us today!

Contact Us Now!

How to Get Restaurant Expansion Financing | First Capital Business Finance



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