Business Loans
for Restaurants

A quick business funding process that offers same day business loans for restaurant owners.

restaurant loans

Last Updated on April 26, 2024

Shield Funding Team


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Shield Funding has been securing small business loans for restaurant business owners for more than a decade. We assisted business owners through the financial crisis of 2008, and with that experience we were able to help business owners through the economic crisis caused by Covid-19. We have been a trusted lender for two decades.

If you are looking to improve or expand your restaurant, or you need immediate business funding to cover payroll costs or other everyday operating expenses, we offer competitive rates and flexible terms for all types of borrowers. We are a great resource for existing restaurant owners that do not qualify for bank business loans or SBA loans, or if those options have have been exhausted and additional working capital is required.

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What Do I Need to Qualify?

Below is a list of the general requirements to get approved for business funding with our basic program.

How Do I Apply?

Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at:


Submit your online application by clicking apply below and entering a few basic details about your business.

The Best Business Loans for Restaurants in 2024

Small Business Loans

This is a short term small business loan that you can use for any type of expense. You can use it to cover seasonal swings in business, pay a new chef, or open an entirely new location. Whatever you need for your business, these simple term business loans will help you get it.

We offer up to $1,000,000 in funds for restaurant owners. And with interest rates of 5–45%, you can get a better deal than you would with some traditional lenders. As long as you’ve been in business for two months, earn $8,000 or more per month, and have a credit score of 500 or more, you can qualify for one of these loans.

Our terms range from 12–36 months, so you can get the amount and terms that work for you.

Unsecured Business Loans

Traditional lenders often require collateral when they give you a loan, which means you’re putting your business on the line. That’s not a good way to start a financial relationship.

We offer unsecured business loans, so you don’t need to put up any collateral. Because we’re an alternative lender, we’re able to offer this funding service alongside our already great rates. You can feel more comfortable with our business loans knowing that we aren’t about to take your oven or your bar stools if you miss a payment.

Merchant Cash Advance

We know that  restaurants have a tough time receiving working capital because of the volatility of the industry. If you try to get a loan from a traditional lender, you’ll get denied fast. But we don’t think your industry should disqualify you from getting funding for your restaurant business.

So we offer short term merchant cash advances of up to $1,000,000 to restaurant owners with credit scores above 500. You’ll pay 12–45% interest on terms up to 36 months. As long as your restaurant has been open for a few months and you have $8,000 in monthly revenue, you can qualify.

Working Capital Loans

Restaurants have a lot of day-to-day expenses, and that’s what working capital funding is for. Whether it’s covering payroll, stocking the bar, or taking advantage of a marketing or advertising opportunity, these loans help you with the more mundane expenses of running a restaurant.

Like our term loans, you can get up to $1,000,000 in working capital. You still get the option of terms between 12 and 36 months and interest rates from 9–45%. You’ll need to have two months in business, and at least $10,000 in monthly revenue to qualify. You’ll also need a credit score of 650 or better.

If you meet these qualifications, you can get the funding you need to cover any expense you might come across, from an emergency repair to making sure your freezers are full of food.

Apply Directly to One Source!

Work with a direct lender and get a business loan as fast as the same day. Shield Funding offers competitive rates and terms on all it’s funding programs. Apply now with a trusted lender that has been helping business owners secure working capital for almost two decades.

Additional Restaurant Business Funding Programs Available

SBA Busines Loans

The SBA 7(a) loan program offers long-term financing for restaurants, with repayment terms extending up to 10 years for working capital, and up to 25 years for real estate. The interest rates on the 7(a) program are typically low, ranging from 11.5% to 16.5%, based on the prime rate plus a markup. In order to be eligible the applying business should be operating for profit within the U.S., meet SBA size standards, and have a reasonable amount of invested equity. You will also have to demonstrate the need for the loan, and that need should be a sound business purpose. SBA lenders have stringent requirements and thoroughly scrutinize credit scores, business revenue, and financial history. These loans are only available through SBA-approved lenders.

Bank Business Loans

Bank of America offers business loans for franchise owners and operators in the restaurant industry. These loans provide funds for daily operations, payroll, debt management, and working capital. This is a bank backed financial product so you can expect requirements such as 2 years in business, above 700 credit, and a long and thorough application process. For more detailed information, visit Bank of America’s Restaurant Finance page.

Local Business Loan Programs

In Tennessee, the Fund Tennessee program under LendTN has nearly $47 million to help small businesses and entrepreneurs get fair access to funding. It offers loans for starting a business, working capital, and buying equipment.

The 2024 Robust Retail Grant Program in Washington, D.C., gives up to $10,000 to help retail businesses with their operations. Only existing retail businesses in D.C. can apply for this grant.

These are just some examples of local business loan programs. You can search your state and local community for similar options that may be available.

Business Credit Cards

The U.S. Bank Business Triple Cash Rewards World Elite Mastercard is good for new restaurant owners who need a card with no interest for a while. It offers 3% cash back in certain areas and has no annual fee, with 0% APR for the first 15 billing cycles.

The American Express Business Blueprint provides a guide on restaurant loans, covering options like small business loans, credit lines, SBA loans, online lending, and equipment financing. It highlights choosing the right finance option based on business needs and details how to prepare a loan application.

Business Financing Tips for Your Restaurant

Staff Payroll Costs

Payroll funding issues have been going on long before the pandemic, and they will continue after it is gone. How much you pay in payroll depends largely on who you employ. A small suburban restaurant might not have an executive chef, which usually comes with a salary of around $60,000.

Seasonal Downturns

Restaurants are subject to seasonal downturns, another type of business cycle that affects businesses outside of economic disasters. It just happens. Many restaurants rely on foot traffic, and that’s likely to go down in the winter. Others bank on their outdoor or rooftop seating, which might not even be available in the colder months.

If your restaurant relies on visitors to another attraction or event, like a sports stadium or ski resort, you’ll face seasonal swings. It’s something almost every restaurant has to deal with.

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Business Loan
Looking for fast business funding without the hassle? Work with a direct lender for same day business loans! Avoid endless calls and broker fees. Apply now and get funded as fast as today!