Partner with New Vendors
Partner with new vendors to expand your inventory and source higher quality ingredients.
How Restaurant Business Loans Can Help You
The competitive nature of the restaurant industry makes it difficult for many restaurant owners to see consistent cash flow. That’s why it’s important to establish a good relationship with a reliable lender who can provide restaurant funding when you need it most.
Upgrade to New Restaurant Equipment
Finance or lease top-quality commercial kitchen equipment with terms within your budget.
Stock Up on Inventory
Purchase non-perishable ingredients ahead of time during the busy season.
Keep Your Restaurant Well-Staffed
Keep your restaurant running smoothly with a working capital loan when business is slow.
How to Apply
Restaurant business financing is the easiest way to get cash to cover your business expenses. Applying for a loan through SpringFi is easy. Simply fill out our short online application. A Funding Specialist will contact you to learn more about your business and see what restaurant loans are available for you.
Apply
Submit your application securely in minutes.
Connect
We’ll discuss the right financing option for you.
Fund
Receive financing and start growing your business.
Why SpringFi
Most restaurants benefit from a small business financing program that’s customized to fit their needs. 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, SpringFi 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 your restaurant.
Restaurant Loans Business Resources
An Restaurant Loans business loan is an investment in the growth of your company — but securing financing is only a fraction of what it takes to manage your finances. We’ve put together a list of resources to give you the whole story on loans, taxes, and managing the financial health of your company.
Quick solution with minimal documentation.
They are based off of your business cash flow without the needs of any asserts or collateral. having a low credit score or tax susses is not a deal breaker.
What Clients Say About Us
Frequently asked questions
If you have a query regarding a loan then we are here to your help you can arise your query also.
There are no restrictions on the usage of your funds. Once you’ve received funding, you can use it as you see fit.
The first step to receiving funding is filling out our online application. Once filled out, we’ll get in touch with you to discuss your financing options. Depending on your business needs, you may be eligible to receive funding with the documentation provided in your application. In the case a financing option requires additional documentation, we’ll let you know. Once you’re approved, you can expect financing in as little as 24-48 hours.
Bad credit isn’t normally a deal breaker. Your financing options are based on business cash flow. If your business receives over $5,000 in gross deposits, we encourage you to apply.
Once your application and bank statements are submitted, it only takes 4-10 hours to receive a decision from underwriting. If you accept the offer, we can have the funds in your account in as little as 24 hours.
We can typically finance anywhere from 100% to 200% of your average monthly gross deposits.
Once approved, you’ll receive funding in a few hours. Normally we can fund within 24 hours of receiving the application and banking statements.
There are no penalties for early payment. In some cases, we offer discounts for paying your loan off early.
Yes, we can consolidate existing loans into one note. And we can also fund advances while having existing ones without paying them off. There are options.
Fill out our online application or contact us directly, and one of our representatives will be happy to assist you. Feel free to call us at (347) -778-5195