Description
Construction
Loan options
How to Apply

BUSINESS LOAN CALCULATOR

RESTAURANT OWNERS, USE BUSINESS LOANS FOR THE FOLLOWING REASONS

  • Remodeling & expand restaurant

  • Marketing campaign’s

  • Purchasing Inventory at a discount

  • Unexpected expenses to help with cash flow issues

  • Seasonality

  • Increasing Staff

  • Starting a new location

  • Paying Taxes

RESTAURANT LOANS AVAILABLE

Efundex has 4 different restaurant financing options for you, and will help you choose which restaurant loan best suits your needs.

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SIMPLE INTERES TERM LOANS

Learn about this loan

  • Term Length:3-36 Months
  • Simple Rates:5% – 35%
  • Payment Frequency:Business day-Weekly
  • Decision time:1-5 hours
  • Years in business:1 Year
  • FICO:550

Learn more

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LONG TERM LOANS

Learn about this loan

  • Terms length:1-5 Years
  • Rates:5-21%
  • Payment Frequency:Bi-weekly- Monthly
  • Decision Time:1-2 days
  • Years in business:2 years
  • FICO:680

Learn more

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LINE OF CREDIT

Learn about this loan

  • Terms Length:6-12 Months
  • Rates:5-20%
  • Payment frequency:weekly
  • Decision Time:1-5 Hours
  • Years in business:2 years
  • FICO:680

Learn more

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MERCHANT CASH ADVANCE

Learn about this loan

  • Terms length:No set time
  • Rates:1-3% Cents on a dollar per month
  • Payment frequency:Business day -Weekly
  • Decision Time:1-5 Hours
  • Years in business: 3 months
  • FICO:500 +

Learn more

HOW IT WORKS

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    1. Apply Online

    Apply Online in just a few Minutes or

    Call us directly 212-213- 5680.

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    2. View Results

    Our system evaluates your business and provides a Pre-approval amounts, terms and repayment options.

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    3. Getting Funded

    Upload your documentation.

WHY CHOOSE EFUNDEX FOR RESTAURANT BUSINESS LOAN

Efundex Understands that running a successful restaurant, has many challenges. Running a profitable restaurant requires you to manage unexpected expenses  and to constantly develop new concepts aimed at attracting new customers. At efundex our restaurant loans can range from short term to long term, it all depends on how the working capital will be used.

Is your restaurant ready for expansion?

Things to consider before, your restaurant is ready for expansion:

  • Is your clientele growing

  • Do you need more space

  • New menu

  • Renovations will increase sales

SUCCESS STORIES

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Efundex total loan
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Success business
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Success business

Domino’s Pizza stores

Inventory Upgrades

$50,000

Boaz Alabama

  • 12 years in business
  • $ 4,200,000 in revenue

Sports bar

Purchased equipment

$77,500

Dallas Texas

  • 2 years in Business
  • $2,200,000 in revenue

Restaurant

Renovation

$110,000

Castle rock , Florida

  • 11 years in business
  • $2,800,000 in revenue

Family style restaurant

Renovations/ Inventory

$125,000

Castle rock Colorado

  • 11 years in business
  • $2,600,000 in revenue

Let’s get started and see your restaurant loan options with EFUNDEX

Once that’s done, your restaurant funding option can be prepared in as little as 1 business day

HOW CAN I GET FUNDING FOR MY RESTAURANT COMPANY?

At eFundex, we will evaluate your restaurant based on your cash flow. Even if you have poor personal credit we can get your business approved for working capital so that you can continue to grow your business and increase sales.

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Option 1. Simple Interest Restaurant Term Loans

These restaurant loans are designed for the restaurant operator who could see an immediate return on investment. A restauranteur may need to upgrade equipment to make it more efficient.  For example, the restaurant is generating a healthy profit but you need to take advantage of upgrading or purchasing additional inventory.
Restaurant simple interest loans are used for:

  • Marketing campaigns

  • Equipment purchases

  • Inventory purchases

  • Unexpected expenses

  • Terms

    3-36 months

  • Loan amount

    $10,000-$500,000

  • Rates

    6-38% simple rates

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Option 2. Long Term Restaurant Loans

These restaurant loans are designed for large purchases. For example, remodeling your restaurant, buying inventory in bulk, opening a new location. With long term loans you’re usually borrowing a much larger amount and repayment is spread out over a longer term which gives you’re the ability to spread out your payments, with less stress on your cash flow. Term loans are designed for long term growth and revenue increase not seen immediately on the profit & loss statement. This type of project takes several months for completion before you begin to see a return on investment.
Restaurant simple interest loans are used for:

  • Remodeling your restaurant

  • Big inventory Purchases

  • New location

  • Terms

    1-5 years

  • Loan amount

    $10,000-$500,000

  • Rates

    5-21% simple rates

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Option 3 Line of Credit Restaurant Loans

Line of credit for restaurants are typically used for cash flow, and unexpected expenses, acting almost like a safety net. The revolving line of credit from eFundex gives you the flexibility to not miss an opportunity or  to have immediate funds available for an unexpected expense. A restaurant owner knows that planning for the unexpected is a smart business decision. The restaurant owner could draw on the funds at any time.

Restaurant line of credit are used for:

  • Unexcited expected

  • Fix equipment

  • Payroll

  • Small purchase

  • Terms

    6-12 Months

  • Loan amount

    $10,000 -$100,000

  • Rates

    5 – 20%
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Option 4 Restaurant merchant cash advance

Restaurant merchant cash advances are typically used for restaurants that have more seasonality and the owner would like the payments adjusted to their cash flow going up or down. Restaurant merchant cash advances are not loans, instead it’s an advance against your future business revenue. Business owners who use restaurant merchant cash advances, have less than perfect credit or have insufficient funds or overdrafts on the bank statements.
Restaurant line of credit are used for:

  • Small purchases

  • Unexpected expenses

  • Plan for seasonality

  • Terms

    No set time

  • Loan amount

    $10,000 -$100,000

  • Rates

    1-3% on a dollar per month

Analysing your montly expenses:

The biggest question for the restaurant owner is are we making money? Restaurant owners need to identify monthly expenses that can affect profit margins, and how to attract new customers and have repeat business.

The challenge for the restaurants is always on how to attract more customers and to continue increasing revenue, while keeping costs consistent with industry standards.

Restaurants owners should always be concerned with increasing monthly revenues and attracting new customers. Having access to quick working capital can help the operator deal with unexpected expenses and launch your marketing campaigns to gain new customers.