The restaurant industry in the United States generates nearly $800 billion in revenue each year and small business owners are constantly vying for a portion of that substantial market; in fact, starting a restaurant is one of the most popular small business ideas. Of course, if you want to open a business in the restaurant industry, you’ll need money. While the median cost of opening a restaurant in the U.S. is $275,000, average costs can be as high as $555,000 and in reality they’re often much higher than that. Most of us don’t have that kind of money lying around, so that means going to a bank to apply for restaurant business loans.
Getting restaurant business loans from a traditional bank can be quite an ordeal. Your bank will want to establish your credit worthiness by having you fill out a lengthy application and collect reams of documentation like bank statements, mortgage bills, and utility bills going back years. Once you get that information together, banks tend to take their sweet time deciding whether or not you can get small business loans for restaurants. Over the next few weeks or months, they’ll likely ask you to fill out more forms, provide more documentation, and jump through plenty of other hoops before you can get your money. And after all that work, they might even tell you you’re not approved for your small business loans for restaurants and you’ll be back to square one. Wouldn’t it be great if there was an easier, faster way to get restaurant funding?
Restaurant Funding and Small Business Loans
At REIL Capital, we’ve streamlined the entire restaurant funding process, making it simpler and faster for business owners who need money to open a new restaurant, expand an existing restaurant, or who just need a little extra cash to take care of everyday expenses like payroll, inventory, and bills. We’re business owners just like you, and as a family owned and operated business, we know the challenges you face every day. Every business owner wishes they could have more hours in the day, and although we can’t give you more time, REIL Capital can help ensure you don’t waste your valuable time securing restaurant funding.
It all starts with our instant online application process. All you have to do is visit our website and fill out our simple online application. It takes just minutes to complete and once you’re done, a representative will contact you almost immediately to discuss the various restaurant funding options we offer. Customer education is important to us, so we’ll be happy to answer any questions you may have and you’ll never be pressured to make a decision. We want to make sure you understand exactly how each restaurant funding option works before you sign anything. Here are some of the funding options we offer for small business owners in the restaurant industry:
