Restaurant Business Loans

Affordable capital makes all the difference in effectively running dining establishments

 

Restaurant Loans That Can Help Your Business to Grow

If you own or operate a restaurant or other food service establishment, you know just how much focus and determination it takes to maintain profitability in this competitive field. Many restaurateurs transition their personal culinary passions into a restaurant in order to provide innovative food items, revolutionary dining concepts, and unique flavor combinations to the masses. While there is a significant amount of artistry involved in running a restaurant, the business end of operating a dining establishment is far less glamorous. Savvy restaurant owners know that a key partnership that must be established early on is a connection with a reliable and responsive lender of small business capital.

At National Funding, we offer a variety of restaurant business loans that can help your business to grow and thrive, regardless of the type of restaurant that you operate. Applying takes only minutes, and we work hard to provide a flexible small business loan can help you accomplish all of your unique goals.

Restaurant business loans and financing

Why Finance With National Funding?

Working with us allows you to access small business capital in no time at all, and our overall lending model is designed to accommodate as many applicants as possible. Here are some of the specific benefits of working with us for your next restaurant business loan:

  • Quick and easy application process: Instead of spending countless hours gathering documents, filling out endless forms, and adding more stress to your life, we streamline all of the application steps to make applying for small business loan a simple and straightforward process. In fact, you can complete a basic online application in a matter of minutes.
  • High approval rates: There is nothing more frustrating than spending hours on the application process only to receive a notice of denial. The majority of applicants who choose a traditional lender – like a bank or credit union, face this unfortunate situation all too often. The reason why? These institutional lenders generally only accept those applicants who have stellar credit, significant collateral, and many years in business – but we operate under a different model. At National Funding, our goal is to provide high-quality small business loan opportunities for business owners in a responsible manner. We underwrite our own loans and can therefore deliver much higher approval rates than any bank or credit union.
  • Flexible options: As no two restaurants are identical, it is crucial that restaurant owners have access to a variety of lending options with flexible and customized repayment terms. Instead of operating under a highly regimented and quite inflexible lending model, we have created a variety of loan options featuring unique terms and competitive rates. Our loan professionals will work with you to custom tailor a small business loan that will help your restaurant to compete as effectively as possible within your area.
Food industry business loans and financing

Ways a Small Business Loan Can Help Your Restaurant

Many of our clients have found that an influx of affordable capital makes all the difference in effectively running their dining establishments. Apply today and use your small business loan to hire additional staff during busy times, or train existing restaurant staff to operate more effectively.

  • Apply some of your money towards upgrading your existing point-of-sale systems, kitchen equipment, dining room furniture, or other capital-intensive expenditures.
  • Renovate or rehab your existing location to improve curb appeal the overall client experience.
  • Stock up on inventory for  those busy times of year like the holidays  and other high traffic opportunities.

Nobody knows your business as well as you do – and time is the most precious commodity when you are a small business owner. So contact us today and see just how quick and easy it is to obtain a small business loan that will give your restaurant the edge it needs.

Small Business Loans

When Banks say no .... National Funding says YES!

National Funding is a direct lender, which means there’s no middleman. We offer the flexibility to create small business loans with terms that meet your specific needs as a borrower. Our high approval rates mean that we can say ‘yes’ when traditional lenders say no. You’ll get a dedicated Loan Specialist who has specific knowledge about your industry and will provide you one-on-one personalized service.

There is no obligation to get started, and no need for collateral or a down payment. Click or call and receive a quick decision and funding in as little as 24 hours.1

  • Loans from $5,000 to $500,000

  • No collateral required

  • Easy, no cost, no obligation application

  • Automatic payments

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Disclosures

Legal Disclosures

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) Huge potential tax savings:

Section 179 tax deduction is a lucrative and important tax break that has been made permanent across the board, under the Protecting America from Tax Hikes Act (PATH Act).  In most cases, the IRS allows your equipment lease or loan payments to be 100% tax deductible!  You can secure the equipment, tools, and technology that you need, while also taking advantage of significant tax deductions — up to $500,000.  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.

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