Accessing business funding should be simple and efficient. Gloven Capital has streamlined the process to provide up to $5,000,000 to meet all your restaurant’s financial needs. With competitive rates starting at 9% and flexible repayment terms of 6, 12, or 18+ months, Gloven Capital makes it easy to secure the capital you need to grow and sustain your business.
To qualify, your restaurant only needs:
4 months of operation
A minimum monthly revenue of $20,000
Restaurant businesses often face seasonal fluctuations, which can create cash flow challenges. That’s why many owners turn to Gloven Capital’s restaurant loans to ensure their operations run smoothly year-round. Whether you need funds for equipment upgrades, payroll, inventory, or expansion, Gloven Capital is here to support your goals.
With a fast and straightforward application process, Gloven Capital helps you focus on what matters most—running your restaurant. Let us provide the financial flexibility you need to thrive in the competitive food industry. Apply today and discover how Gloven Capital can help your business succeed!
We provide a variety of loan options tailored for restaurant businesses. The type of financing you qualify for depends on your specific needs. Below are some of the most common funding solutions we offer for restaurant owners.
Restaurant owners know how costly it can be to acquire, repair, or replace essential equipment—especially baking equipment like ovens. However, upgrading to state-of-the-art restaurant equipment is still possible with restaurant equipment loans. At Gloven Capital, we offer financing for up to 100% of the new equipment’s cost. No additional collateral is required since the equipment itself serves as collateral, meaning you won’t have to put any personal assets at risk.
Nearly every restaurant will need an unsecured working capital loan at some point. These short-term loans help restaurant owners cover daily expenses and keep operations running smoothly. Working capital loans provide quick access to funds without requiring collateral, making them ideal for managing cash flow. Typically, the maximum loan amount for these loans is $350,000.
The loan terms and the interest rate depend on the loan size. Smaller loans usually have higher interest rates and a shorter repayment time as compared to bigger loans. Approval amounts are based mostly on the capacity of repayment (business revenue reflected in bank statements) and the availability of collateral (such as real estate or equipment) to secure the loan.
Restaurant owners understand the high costs of managing food supplies. If you need financial support for inventory purchases, inventory financing is a great solution. This type of funding can come in various forms, including short-term and medium-term loans or a line of credit. Designed specifically for purchasing stock, inventory financing helps ensure your restaurant stays well-stocked without straining your cash flow.
Restaurant loans are SBA’s largest form of approved business loan. With SBA loans, the government acts as the guarantor by giving assurance for the money restaurants get from SBA. All you have to do as a restaurant owner is to ensure that you have everything ready to make it easy for SBA to invest in your restaurant. Here are things you need to know about the process of applying for SBA loans for your restaurant business:
Now that you’re familiar with the various restaurant loan options we offer, you can apply for the one that best suits your needs.
The ideal time to apply for a loan is when you’re fully prepared. Before applying, you should ask yourself a few critical questions to ensure the loan is the right move for your restaurant. Here are some important points to consider:
Answering these questions will help guide you toward the best financing solution for your restaurant’s growth.
Your restaurant can be successful depending on how you operate it. You can take advantage of our business loans to adopt emerging technological trends like marketing and social media. The variety of financing options could help your business to grow.
Restaurant owners have had trouble getting financing for their businesses. Most restaurant businesses fail due to a lack of working capital and cash flow. Clearly, there has to be a solution to the restaurant financing problem to enable restaurant owners to access working capital easily.
The best part is that lending institutions such as Gloven Capital, are now offering restaurant business loans, which makes business owners obtain financing quickly.
Your restaurant can be successful depending on how you operate it. You can take advantage of our business loans to adopt emerging technological trends like marketing and social media. The variety of financing options could help your business to grow.
Running a restaurant comes with significant costs, from licensing and staffing to equipment and daily operations. Expenses can add up quickly, making restaurant business loans essential for covering advertising, promotions, renovations, and hiring kitchen staff.
These loans help restaurants maintain smooth operations and stay competitive in the industry. It’s crucial for restaurant owners to consult with the lender to ensure they meet the necessary qualifications for financing.
Geo Barzola’s statement highlights the importance of having access to working capital for business growth, especially in the restaurant industry. Gloven Capital aims to make business loan applications easier for restaurant owners by providing quick access to a range of lending options. If you’d like to adjust or add anything, let me know!
Do you need tables, ovens, furniture, or other essential business equipment? With our equipment loans, you have the flexibility to either lease or purchase the equipment your restaurant needs to operate efficiently.
Factors like weather, location, available floor space, and accessibility to your restaurant can significantly impact your revenue stream. Ensuring a convenient and welcoming environment for customers can help maximize your business potential.
Having more inventory during an anticipated busy season will allow you to benefit from the core strengths that your restaurant already offers.
Keeping your income statements and balance sheets updated and accurate allows you to identify the best areas to invest working capital. This helps improve your restaurant’s financial performance and overall efficiency.
Your food may be delicious and the location may have an amazing interior, but if clients don’t know about your restaurant, they will miss out on the experience.
We’re here to help. Send us an email or call our experts at 1-305-890-9000
Gloven Capital offers business owners alternative working capital solutions through our various funding programs for business loans.
