Restaurant Loans
A revolving line of credit can be a good fit for restaurant businesses.
What's your desired credit limit?
$26,000Weekly Payment Amount*:
$424.00 Apply NowWe’re currently accepting new customer applications. Applying will not impact your credit score.
Applying will not impact your credit score.1
*This business loan calculator assumes a monthly interest rate of 3.3% and a 2% draw fee. Your interest rate and credit limit may vary based on your application. No draw fee in CO, GA, IN, NJ and OK.
Restaurant Business Loans
Restaurant businesses can experience ebbs and flows for a number of reasons. That’s why many restaurants rely on business funding to keep their businesses running at full strength all year round. In addition to working capital to cover ups and downs, restaurant business loans are great for the following uses:
Expansion andRemodeling
Purchasing Inventory and Equipment
Hiring and Payroll
Types of Restaurant Business Funding
Loans for restaurants can come in many different shapes and sizes. It’s important to understand the different types of business funding when deciding the best funding fit for your business.
Small Business Loans
When people talk about small business loans, what they’re most commonly referring to are term loans — the business receives a lump sum of cash and repays it in fixed or variable amounts over a pre-determined period of time (or “term”). This type of funding Is generally best for established businesses with a track record of success who are looking for larger loans for things like expansion or remodeling.
Equipment Loans and Inventory Financing
While these two funding types are technically different, they’re similar in that you are obtaining a loan specifically for the purpose of purchasing equipment or inventory, and that equipment or inventory is then used to “secure” the loan. That is, if you’re unable to pay back the loan for whatever reason, the equipment or inventory purchased with the money for the loan can be taken by the lender as collateral.
Merchant Cash Advances
A merchant cash advance is when a cash advance provider grants you an advance against your restaurant’s future sales. Your business gets the funding it needs, and you pay it back in the form of a percentage of your business’s daily credit and debit receipts. This can be a good option for restaurants that lack much of a credit history or have less-than-perfect credit, but it comes with high interest that may not make it a good option for long-term funding.
Business Lines of Credit
Lines of credit are a flexible form of restaurant business funding in which a business is approved for an amount of credit they can draw from when necessary, paying interest on the amount that they borrow. The repayment method is also often more flexible for businesses (as you can make a minimum payment or more each payment period rather than pay a fixed amount). This structure allows businesses to borrow money when they need it most and repay when their financial situation is a little more stable.
Apply for a True Line of Credit™ With Headway Capital
At Headway Capital, we offer a small business line of credit with no hidden fees. You can borrow as much as you need (up to your credit limit) as many times as you need to without having to reapply. Accessing your line of credit is easy — you can log in to your online account at any time to request a draw, and your money will typically be delivered to your bank account within one business day after approval.
Up to
$100,000
Loan Type
Business line of credit
Weekly or monthly
Clear Cost
Clear payment terms, interest does not compound, no penalty for early payoff
Think a line of credit can help your business grow? Check your eligibility today without impacting your credit score!
Apply Now