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Term loans for restaurants & food service

A lump sum up front, repaid in fixed installments over up to 60 months. Restaurant owners use Credible Lending term loans to replace a walk-in cooler or range or build out a second location, with up to 60 months and funded within 24 hours of signing.

Apply nowAbout term loans
See what you qualify forStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your advisor.

$10K$5M
How long have you been in business?
What's your average monthly revenue?

Total deposits into your business account in a typical month.

What's your personal credit score?

An estimate is fine. Applying won't affect your score.

Where should your advisor reach you?

We'll use this only for your application.

Term loans for restaurant owners
Amount$10K – $5M
TermUp to 60 months
SpeedFunded within 24 hours of signing
PaymentsWeekly or monthly
Best forExpansion, buildouts, one-time investments

Common uses in restaurants & food service

  • Replace a walk-in cooler or range
  • Build out a second location
  • Stock up before a busy season
  • Cover payroll in a slow month

Why restaurant owners choose a term loan

Equipment fails on a Friday

A walk-in or a hood system can't wait six weeks for a bank. Same-day decisions mean the repair happens this week.

Seasons are real

December and February don't look alike. A line of credit smooths the slow months without a new application each time.

Margins are thin

We show the total cost of capital in dollars so you can check it against your margins before you sign.

How does a term loan work?

  1. 1

    Tell us what the capital is for and how much it costs.

  2. 2

    Your advisor structures an amount and term around your project timeline and cash flow.

  3. 3

    Review the full cost of capital, in dollars, before you sign.

  4. 4

    Receive the lump sum and repay on a fixed schedule. Early payoff options are available.

What do I need to qualify?

  • 1 year in business
  • $10K+ in monthly revenue
  • 625+ FICO score
Check my options

Other funding for restaurant owners

Questions, answered

Something else on your mind? Ask an advisor.

Can restaurant owners qualify for a term loan?
Yes. Most Credible Lending programs look for at least one year in business, $10,000 or more in monthly revenue and a 625+ credit score. We review restaurants & food service financials with the industry's cash-flow patterns in mind.
How long are Credible Lending term loans?
Terms run up to 60 months. Your advisor matches the term to the useful life of what you're funding and to your cash flow.
Can I pay off a term loan early?
Yes. Ask your advisor about early payoff options when you review your offer.
Can a new restaurant qualify for financing?
Most of our programs look for at least one year in business and $10,000 or more in monthly revenue. If you're newer, apply anyway: your advisor will tell you what you can qualify for now and what changes at the one-year mark.

Ready when your business is.

Apply in about three minutes with a soft credit check. You'll hear back the same day.

Apply nowTalk to an advisor