SBA Loans for Restaurants

Opening a second location, buying out an existing restaurant, or taking on a major renovation are capital needs that go well beyond a restaurant’s typical day-to-day funding. SBA loans are financing programs partially guaranteed by the U.S. Small Business Administration, which reduces risk for lenders and can make larger-scale, longer-term financing accessible to qualified small businesses, including restaurants.

Why SBA loans fit restaurants specifically

SBA loans generally suit established businesses pursuing larger, longer-term financing needs where a more involved application process is worthwhile in exchange for potentially longer terms and larger amounts — a fit for a restaurant owner expanding to a second location or acquiring an existing concept rather than covering routine operating costs.

Common uses for restaurants

• Opening a second or third location
• Acquiring an existing restaurant or concept
• Funding a major renovation or buildout

What to expect

SBA programs typically require more extensive documentation than other funding types. Commonly requested items include business financial statements and tax returns and a business plan or use-of-funds explanation.

Frequently asked questions

How long does SBA loan approval take? SBA loans typically involve a longer approval process than other funding types due to the documentation required.

See the full SBA Loans product page, or explore funding options for the restaurant industry.