Restaurants & Food Service business loans
Restaurants get fast working capital, equipment financing, and merchant cash advances based on credit-card receipts — funded in 24 hours with no collateral.
Industry overview
The US restaurant industry employs more than 15 million people and runs on razor-thin margins — typically 3–6% net for full-service and 6–9% for quick-service. That margin profile makes timing of capital everything: a broken walk-in cooler in July or a delayed liquor license can mean the difference between a profitable quarter and a forced closure.
Traditional banks rarely fund restaurants under 2 years old, and SBA loans take 30–60 days. That's why operators turn to revenue-based products: a merchant cash advance or working capital loan funded against credit-card and bank-deposit volume can put cash in the account within 24 hours, with daily or weekly remittances that flex with sales.
Equipment financing is the second pillar — ovens, hoods, walk-ins, POS systems, and dining-room buildouts can all be financed up to 100% of cost with terms up to 7 years, often qualifying for Section 179 depreciation in the year of purchase.
Common funding needs
- Seasonal cash flow swings
- Equipment failures (POS, ovens, walk-ins)
- Buildouts and renovations
- Inventory and payroll gaps
From single-location bistros to multi-unit franchises, restaurant owners use Simply Approved Business Loans for renovations, equipment, payroll, and seasonal cash flow.
Pros
- Approval based on credit-card and deposit volume — strong-revenue restaurants qualify even with weaker credit
- Daily or weekly remittance flexes with seasonal volume
- Funds usable for any expense — payroll, rent, vendors, build-out
- Equipment financing preserves working capital and qualifies for Section 179
Cons
- Revenue-based products carry higher effective costs than bank or SBA loans
- Daily ACH debits require disciplined cash management
- Stacking multiple advances simultaneously can damage cash flow — work with one funder at a time
Common mistakes to avoid
Funding payroll with an MCA you can't service
If your busy season is six months out, lock in a longer-term product. Revenue-based advances are best for 3–9 month bridges, not year-round payroll backing.
Ignoring the factor rate
A 1.35 factor on $100k means $135k owed regardless of how fast you repay. Always compare APR-equivalent across multiple offers.
Stacking advances
Taking a second MCA before paying down the first creates daily debits that quickly outrun deposits and can trigger default clauses.
Real-world scenarios
Walk-in cooler replacement — funded in 18 hours
A 2-location BBQ concept needed $42,000 to replace a failed walk-in before the July 4th weekend. Approved on bank-statement underwriting; equipment financing closed next-day.
Patio buildout for seasonal lift
An Austin gastropub financed a $180,000 covered-patio buildout via a 36-month term loan, paid back from incremental seat-turn revenue.
Illustrative scenarios based on common deal structures. Actual terms vary by underwriting.
Lead-gen pre-check
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Eligibility checker
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Underwriting disclaimer: The eligibility checker is a self-reported pre-qualification tool. It does not constitute an offer of credit or a guarantee of approval. Every funded file goes through full underwriting — including bank statement analysis, business verification, and a credit inquiry whose type (soft or hard) is disclosed before you sign. Final terms, rates, and amounts depend on underwriting and the specific lender or program.
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Funding products
Merchant Cash Advance
Fast capital based on future receivables
- Amount
- $5,000 – $2,000,000
- Speed
- Funded in 24 hours
Equipment Financing
Up to 100% financing for the gear you need
- Amount
- $10,000 – $5,000,000
- Speed
- Funded in 3–7 days
Working Capital Loans
Cover payroll, inventory, and day-to-day expenses
- Amount
- $5,000 – $1,000,000
- Speed
- Funded in 24 hours
Business Line of Credit
Revolving capital you can draw on demand
- Amount
- $10,000 – $1,000,000
- Speed
- Approved in 1–3 days
Top states for restaurants & food service
- Restaurants & Food Service in New York4-month statements · NY
- Restaurants & Food Service in California4-month statements · CA
- Restaurants & Food Service in Texas3-month statements · TX
- Restaurants & Food Service in Florida3-month statements · FL
- Restaurants & Food Service in Nevada3-month statements · NV
All states & provinces — restaurants & food service
Industry-specific restaurants & food service financing pages for every state and province we fund.
FAQs — Restaurants & Food Service
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Get funded in as little as 24 hours
$5,000 to $25,000,000. Free pre-qualification. No upfront fees. Same-day decisions for clean files.