Restaurant Funding

There were over 97,000 restaurants in the Canada in 2021. Outshine your competition and feed your restaurant’s growth with up to $500,000 in funding from Greenbox Capital® in just 24 hours.
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Fast, Easy Cafe Restaurant Financing When You Need It

Getting the working capital your restaurant needs from a traditional lender like a bank or the Canada Small Business Financing Program can be difficult. The process can take weeks or months, and traditional lenders typically consider restaurants to be one of the riskiest ventures because of factors such as high overhead and operating costs, thin margins, and stiff competition.

With a streamlined online application, faster turnaround, and flexible approval requirements, Greenbox Capital can approve more restaurant funding, along with loans to help finance restaurant equipment better than traditional lenders, often in just one business day. We provide a number of different types of small business funding to help grow your restaurant, with alternative restaurant funding from as low as $3,000 up to $500,000. We fund all types of restaurants in Canada, including fast food, cafes and coffee shops, casual dining, fine dining, and more.

Restaurant Funding Rates

Restaurant funding rates depend on the type of alternative small business funding you receive. Most alternative restaurant funding options use a factor rate instead of a traditional interest rate. Factor rates are simple decimal figures that show how much “extra” you will owe on the original amount of the restaurant loan and is determined based on your risk assessment.

Restaurant Funding Solutions in Canada

Our friendly, expert Funding Advisors will work with you to determine which funding option will help you achieve your goals without compromising your retail store’s cash flow.

How To Use Restaurant Funding

There are no restrictions on how you can use restaurant financing in Canada from Greenbox Capital. Restaurant funding is typically best used for supporting growth strategies that will increase your eatery’s revenue, such as:

  • Upgrading point-of-sale technology to improve efficiency
  • Offering new services like takeout, delivery, or catering
  • Acquiring restaurant equipment financing to replacing old appliances and equipment with newer, energy efficient models
  • Remodeling your space or creating an outdoor dining space
  • Developing a website capable of online or app ordering when owning a restaurant or figuring out how to start a restaurant in Canada
  • Expanding to a larger space or opening a second location

Alternative small cafe funding and restaurant financement can also help when you need to figure out how much capital to meet the unique challenges of running a restaurant or small business cafe, such as:

  • Hiring, training, and retaining staff
  • High operating and food costs
  • Complexity of managing inventory
  • Fluctuations in real estate value and lease payments
  • High competition from other local eateries
  • High cost of repairing appliances and equipment
  • Changing customer preferences, such as increasing demand for home delivery, local sourcing, zero-waste cooking, and healthy options
  • COVID-19—changing restrictions, capacity limits, and PPE requirements for staff

How To Get Financing For Restaurant And Cafe Business

  • 1
    Apply for restaurant or coffee shop loans

    Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.

  • 2
    Choose Cafe Business Funding

    A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.

  • 3
    Get Funded

    Once you and your Funding Advisor determine what funding option works for your restaurant business, your funds can be approved and deposited within 24 hours.

  • 4
    Set Repayment

    Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.

Will You Qualify for Restaurant or Cafe Funding?

Exact qualification requirements depend on the type of restaurant startup funding you are seeking. Approval for loans for restaurant business funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your restaurant or open cafe, including:

  • Business revenue
  • Cash flow
  • Vendor payment history
  • Years in business
  • Public records

Business Loans for Restaurants and Cafes: Our Cases

Company Funded Loan terms Loan Benefits
Cafe in Parksville, British Columbia $131,400 over 10.5 months The cafe was able to use their new loan to renovate their restaurant, adding more seating and menu options to attract customers.
Bakery Product business in Toronto, Ontario $47,500 over 12 months With this funding, the bakery was able to open a new store and reach more customers.
Restaurant in Montreal, Quebec $52,300 over 15 months This funding allowed the cafe to hire more staff and expand its menu and catering options in order to serve more customers.

Restaurant Funding Q&A

The competition is growing fierce in my area. Can I use alternative funding to market my restaurant?

Yes, expanding your marketing strategy is an ideal use of your small restaurant funding. Whether you are engaging in digital or traditional marketing, increasing your brand awareness and driving traffic to your restaurant is good for business growth.

How do I get funding for a restaurant?

You can get funding to buy restaurants from traditional lenders like federal funding programs or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business — not just your credit score — and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances. Contact one of our Funding Advisors to learn more.

Why should I consider an alternative lender for my restaurant funding?

Most traditional banks consider restaurant business loans high-risk and will not fund them. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, labour, materials and more, often in less than 24 hours.

I want to add a patio to my restaurant to serve more customers. What type of restaurant funding is best for this purpose?

A merchant cash advance is one of our most popular funding options, and is ideal for implementing strategies that will increase your restaurant’s revenue. We recommend you speak with one of our knowledgeable Funding Advisors—they will help you select the right solution for your business.

What do I need to do to qualify for cafe and restaurant business loans?

We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.

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