Best Restaurant & Bar Business Loans

  • Get up to $750,000 financed in 24 to 48 hours
  • Interest rates starting at 7%
  • 6-month to 2-year term lengths
  • Flexible payment options
  • Both secured and unsecured loans available
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Restaurant Loans

Clarify helps restaurants, bars, food manufacturers, and distributors pursue the American dream with the financing their business needs to grow.

Best Business Loans for Restaurants and Bars

The restaurant industry has always had a difficult time raising capital via traditional banks and lending institutions. Reports from the Small Business Administration (SBA) consistently show that lack of funding is the primary reason restaurants go out of business.

Clarify Capital is determined to change that.

Our mission is to help restaurant owners pursue the American dream. Clarify’s network of 75+ alternative lenders provide the restaurant business loans needed for you to build and grow a successful business in the food and beverage industry.

Regardless of your personal credit score, we provide small business loans to help you open new locations, hire more staff, withstand seasonal ups and downs, and operate at peak seating capacity. In addition, we’re experts at getting business loans faster than traditional banks or credit unions.

Benefits of Restaurant Loans

The food and beverage industry is a $5.75 trillion market in the United States. Getting your share of that pie requires dedication to your craft and hyper-focus on restaurant logistics. Having proper financial backing is critical to leasing the perfect location, hiring qualified staff, purchasing equipment, and promoting your business.

Lease the Perfect Location

Location is the single most important factor in your restaurant’s success. Renting a spot that drives in a flood of restaurant-goers can cost a pretty penny. Clarify helps make it a reality.

Hire a Talented Chef and Experienced Waitstaff

Use your capital to retain a top-notch chef to refine your menu and train waitstaff to provide an exceptional experience for your diners.

Promote and Create a Memorable Brand

Successful restaurants don’t just rely on repeat customers. They continue their marketing efforts to promote the brand, create a social media presence, hire a publicist, and advertise.

No Collateral Required

Retain complete ownership of your restaurant with an unsecured business loan from Clarify. There is no collateral needed to get funded.

Lowest Interest Rates

Unlike going to a traditional bank, our network of 75+ lenders competes to offer you the lowest APRs in the industry. Whether you have good or bad credit, your loan adviser will work with you to secure the best APR.

Flexible Payment Options

Get repayment terms tailored to your business needs and existing cash flow. We strive to provide best-in-class terms that fit your goals.

Quick Approval and Funding

Get approved online within minutes of applying and money in the bank in as little as one to two days. Restaurant loans with Clarify have the fastest turnaround time in the lending industry.

Consolidate Existing Debt

Many restaurant owners have existing loans with high interest rates. Clarify can consolidate your debt to lower interest rates and reduce your monthly payments, saving you money and improving cash flow.

5 Best Business Loans for Restaurants and Bars

When you work with Clarify, your dedicated lending adviser helps you find financing that fits your business goals. We’ve funded over 10,000 food services companies. The following are the five funding options we think work best for restaurant owners.

1. Business Line of Credit for Restaurants

A business line of credit provides working capital. It’s a flexible way to get approved for a credit line with low interest rates and is structured similarly to a credit card. You only pay interest on funds you utilize.

Benefits of having a business line of credit:

  • On-demand funds available to use when needs arise
  • Only pay interest on money withdrawn from the credit line
  • Helps improve your credit rating
  • No prepayment penalties

Apply for a Line of Credit

2. Short-Term Loan for Restaurants

The most common type of loan taken by business owners, a short-term loan is a traditional loan option. You borrow a fixed amount of capital from a lender with a fixed interest rate that is paid over a certain length of time. You get the entire loan amount as a lump sum, such as a merchant cash advance, and it can be used for any type of business expenditure, including renovations.

Benefits of getting a short-term loan:

  • No collateral is needed to secure the loan
  • Quick and easy approval
  • Loan closing within one to two days
  • Low credit score requirements (we recommend a credit score of at least 550)

Apply for Short-Term Loan

3. Equipment Loans for Restaurants

Finance up to 100% of kitchen equipment, furniture, ovens, and decor needed to create a successful restaurant. Equipment financing offers competitive interest rates and requires minimal paperwork, so you can get your new equipment quickly.

Benefits of equipment loans:

  • The only collateral needed is the purchased equipment
  • APRs as low as 7%
  • Minimal paperwork
  • Approval for good or bad credit scores

Apply for an Equipment Loan

4. SBA Loans for Restaurants

The Small Business Administration (SBA) offers two popular loan options for restaurant owners: SBA 7(a) and Microloans. The SBA backs up to 85% of the total funding amount. While SBA loans offer some of the best interest rates, approved lenders have strict credit score and paperwork requirements. Due to the time needed to get approved for an SBA loan, these loans are best for owners who are not in immediate need of capital.

Benefits of SBA loans:

  • Partially backed by the SBA
  • Low interest rates starting at 5.75%
  • 5 to 25-year term length

Apply for an SBA Loan

FAQ About Restaurant Loans

To secure a restaurant business loan, you’ll want to determine which type of financing is a good match for your business goals. After you have an idea of the type of loan you want, you’re ready to take the next steps and determine your eligibility as a new business. Fill out a loan application online and talk to an adviser to get the process started. We’ve worked with new restaurants and startups to get small business owners the restaurant financing options they need at favorable monthly payments.
The pandemic made some lenders more cautious about granting loans to restaurants and bars. Many traditional banks may still have stricter approval requirements due to COVID-19. Other providers, like online lenders, tend to be less restrictive with restaurant and bar loan requirements. Our lenders at Clarify can assist you in finding the right restaurant loan for your situation.
No. Many business owners find the funding process for loan products to be fairly straightforward. Compared to traditional bank loans that may require financial statements, a business plan, and a drawn-out application process, Clarify has streamlined the process for borrowers. We help restaurateurs get business financing for restaurant equipment, commercial real estate, and other working capital loans in just one to two business days.
A personal guarantee is required for some loan types, but not all. For example, SBA loans typically require collateral. Alternative financing options, like unsecured business loans, do not require any security.

Types of food & beverage companies we've funded

  • check Restaurants
  • check Bars
  • check Coffee shops
  • check Nightclubs
  • check Fast food
  • check Franchises
  • check Vending machine businesses
  • check Bakery and pastry shops
  • check Food and beverage manufacturers

Potential uses for food service business funding

  • keyboard_arrow_right PPE and sanitation supplies
  • keyboard_arrow_right Pandemic relief
  • keyboard_arrow_right Food and liquor purchases
  • keyboard_arrow_right Renovations and remodels
  • keyboard_arrow_right New location openings
  • keyboard_arrow_right POS system upgrades
  • keyboard_arrow_right New kitchen equipment
  • keyboard_arrow_right Kitchen equipment maintenance
  • keyboard_arrow_right Payroll and taxes
  • keyboard_arrow_right Operating expenses
  • keyboard_arrow_right Hiring and training of new employees
  • keyboard_arrow_right Advertising and marketing.
  • keyboard_arrow_right Managing unanticipated business expenses.
  • keyboard_arrow_right Debt refinancing

Expert advisors in restaurant financing

When you choose Clarify, we consider you family and work with you through the ups and downs of running your restaurant.Restaurant Financing Team

keyboard_arrow_right See why restaurant owners love Clarify

Restaurant business loans

"I get solicited by lending companies every day, but when I spoke to Clarify Capital, I worked with the owners directly. While many companies mislead you with false hope, Bryan came through on every promise. I was approved in 24 hours, funding in 48 hours and received much better rates & terms than I previously had with another lender"

Restaurant Owner
5-star Trustpilot reviews5-star Trustpilot ratingClarify Capital is rated 10/10 based on 252 reviews on Trustpilot

Ready To Grow Your Restaurant?

Get approved for restaurant financing today and have money in your account within as little as 24 hours. No obligation — prequalify without affecting your credit score!