There are over 1 million restaurants employing an estimated 15.3 million restaurant workers in the US. The restaurant industry’s projected sales in 2019 are around $863 billion. However, restaurant failure is also common, with around 60% of new restaurants closing within the first year and nearly 80% closing before 5 years. Restaurants can go through their highs and lows, with some seasons with overflowing tables and others where business can be slow. In slower times, restaurants will still have to cover costs such as:
Restaurant expenses can be overwhelming without the right help. Opportunity Business Loans can help you find the best deal when it comes to financing your restaurant. Secure your loan without the hassle of visiting multiple banks and lenders. With just one quick application, you can get connected to a large network of lenders who can provide you with the funding you need to successfully grow and operate your restaurant.
It is wise to find a lender with years of restaurant lending experience, in-depth knowledge of industry best practices and trends, and an understanding of unique issues and opportunities in the multi-unit restaurant industry. Our team of financing experts offers...Learn more
Single-Unit Restaurant Financing Running a restaurant is a very challenging task between managing staff, maintaining inventory, and keeping your customers happy. In order to stay profitable, it is required that you have sufficient capital to repair equipment when needed or...Learn more
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