Ready To Move Your Business Forward?
Types of Restaurant Loans
How to Apply
Restaurant business finanacing is the easiest way to get cash to cover your business expenses. Applying for a loan through National Funding
is easy. Simply fill out our short online application. A Loan Specialist will contact you to learn more about your business and see what restaurant loans are available for you.
Why National Funding?
Restaurants and their owners have distinct, diverse funding needs from other types of businesses. As a restaurant owner, you need a lender who understands the unique challenges faced in the food service industry. Most restaurants benefit from a financing program that's customized to fit the needs of an individual business. Unfortunately, it's common for restaurant owners to be turned down for a one-size-fits-all loan that just doesn't work with the restaurant business model. Instead of using years of financial documents to make a decision, National Funding gives restaurant owners a chance to speak with a loan expert. You'll be able to explain your need for restaurant business financing. We'll then help you find tailored loan options that can be customized to meet the cash flow and payment needs of you restaurant.
Restaurant Business Resources
As you know, running the financial side of a restaurant is one of the most difficult parts of owning a dining establishment.
Between busy holiday rushes, slow period and high employee turnover, it's no wonder many restaurant owners
face inconsistent cash flow. We've provided some helpful resources to make managing your business finances a little easier.
Restaurants are almost never alone – your restaurant probably has several other dining establishments nearby. This healthy competition can be great to increase your potential foot traffic. It might also leave you wondering how to convince customers to come into your establishment rather than the one across the street. One way to stay competitive is to upgrade your kitchen and dining equipment. A new oven may help you cook food more evenly, while a new online booking platform can help get more guests in the door. Read more about financing restaurant equipment upgrades.
To be successful, your restaurant needs to continuously bring in new customers while continuing to offer the dishes and service that brings back repeat diners. Getting customers to come back night after night can be difficult for a restaurant. You have to keep coming up with new ideas while offering your old favorites. Upgrading your equipment can help you serve customers more efficiently and give each customer a positive experience, but these upgrades can be costly. Luckily, you can lease new restaurant equipment to offer new experiences and menu items at an affordable price. Use these three ideas to make the most of restaurant business financing and equipment leasing.
The right location can make or break your restaurant. Ideally, you want to find a spot that’s visible and has a lot of foot traffic. However, you don’t want to open up your restaurant in the most expensive part of town if you know you can’t afford the rent each month. If you’re looking to expand to a second restaurant or move to a new location, consider these tips.
Ratings & Reviews
With 20 years of experience, we've helped numerous restaurant owners like you get the financing they need.
True to our mission, we encourage you to read the following policies and learn how they affect you as a client.
(1) 24 hours:
Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.
(2) Early payoff discounts:
National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process. Equipment Finance customers who pay off the total remaining balance early, at any point during the contract, will automatically receive a 6% discount off the total remaining balance. Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance. We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.
(3) Automatic payments:
Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
(4) Wide variety of payment options:
- Equipment Financing: payments are remitted monthly with terms of 2-5 years
- Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months
(5) Potential Tax Savings:
The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.
(6) Guaranteed lowest payment:
Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Guaranteed Lowest Payment may be discontinued at any time without notice.
To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.
(7) Terms and Conditions apply:
This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.