Transparency Relationships Accommodate Meaningful
Transparency Relationships Accommodate Meaningful
Our simple 15 second online application can get you matched with offers in minutes.
Bad credit? No problem! Most of our top financing options have no minimum FICO.
Get matched with the best financing options with the highest funding amount.
Our FinTech Speed can get you in and out of Underwriting in just a few hours, and same day funding!
If you are a small business owner looking to remodel your restaurant or open a new location, then a restaurant loan can be used to finance your renovation project. Additionally, if you need a business loan for restaurant equipment, see our financing and leasing options.
We offer restaurant loans to a wide range of industries and companies in New York. You deserve options. Therefore, TRAM Funding provides restaurant working capital, lines of credit for restaurant companies, commercial loans, business loans for restaurant equipment, restaurant business term loans, real estate financing and other restaurant business financing options, to meet all your needs. So, here are some of the restaurant companies & industries we’ve worked with:
Restaurant businesses grow by taking on risks to expand and increase their revenue and bottom line. Thanks to restaurant loans, you can say “yes” when your cash flow would otherwise force you to say “no.” In other words, you don’t have to let expenses pile up, long gaps between compensation, or delays with inventory.
Cash flow shortages can make it difficult to retain high quality employees and build loyalty. This is one of the biggest challenges of restaurant businesses. Restaurant loans ensure that you’re always able to pay your employees on time, even when projects get delayed. After all, a larger team allows you to take on larger projects.
You don’t need entirely consistent cash flow, a substantial bank balance, or excellent personal credit to be approved. You can still get funded in a matter of days, even if the majority of your operating capital is spoken for.
For this reason, many restaurant owners take out small business loans during the slow season so they can maintain funds to prepare for their busy season. In this case, we wouldn’t suggest a restaurant loan that requires you to make a large payment soon after you received the funding.
To learn more about Restaurant Loans can help with working capital in your business, complete our 15-second online application to speak with a business financing advisor.
If your business credit or personal credit isn’t optimal, you may be ineligible for the best restaurant SBA programs. An SBA generally requires excellent credit because you’ll be receiving the best interest rate and loan terms up to 30 years. Some programs allow you to use real estate as collateral to help obtain the SBA loan as well.
To learn more about Restaurant Loans can help with working capital in your business, complete our 15-second online application to speak with a business financing advisor.
Yes, even if you have another loan with a bank or lender, your business may still indeed be eligible. As long as you have not defaulted, have a good payment history and underwriting determines that your business can afford to payback the loan, you can still qualify for a restaurant business loan.
To learn more about Restaurant Loans can help with working capital in your business, complete our 15-second online application to speak with a business financing advisor.
mportantly, this will depend on what type of restaurant business loan you are applying for. For example, an SBA loan is a lot harder to get approved for rather than an equipment financing loan. However, here at TRAM Funding we offer a variety of loan options for you to choose from. In addition to this, each type of restaurant loan has different qualifications so that you can find the best solution that works for you.
To learn more about Restaurant Loans can help with working capital in your business, complete our 15-second online application to speak with a business financing advisor.
See above, we go over the 6 best business loans for restaurant companies and food service industries:
The rates and terms depend on a wide range of factors which determine your business’ risk score. This includes: the product you’re applying for, how long you’ve been in business, credit history, use of funds, revenue & other financial factors. To determine which restaurant business loan is the best fit for your business, speak with a dedicated funding advisor to discuss your needs. Call (212) 717-9000 today to compare your options.
To learn more about Restaurant Loans can help with working capital in your business, complete our 15-second online application to speak with a business financing advisor.
Yes! It is possible to secure startup equipment financing even with bad credit. You’ll need to have at least 6 months of business history and $120,000 in annual revenue in order to bypass credit score requirements.
TRAM Funding fills in the gaps where banks and traditional financing options fall short – especially when it comes to financing startups. With a FICO score requirement of at least 650, TRAM Funding is inherently more flexible. But even if your credit score is lower than 650, you may still be able to access financing solutions catered to your needs.
To learn more about Restaurant Loans can help with working capital in your business, complete our 15-second online application to speak with a business financing advisor.
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