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Restaurant business loans provide working capital to buy equipment, hire employees, or pay your bills during a slow time. Plenty of funding options exist from direct to alternative lenders. However, your interest rates and term length will vary by loan type, credit score, and revenue. Selecting an online lender can get funds into your account within days, whereas traditional bank lenders may take weeks.
We reviewed 30 lenders to determine which ones offered a convenient application process, loans for various use cases, and features to manage your loan. We narrowed our list down by reviewing total costs, customer reviews, and perks, such as discounts for paying your loan off early. Our evaluation turned up eight providers offering the best restaurant business loans.
