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.
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.
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
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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.
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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.
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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.
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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
Restaurant Equipment Financing: Elevate Your Culinary Business
In the world of food businesses, having top-quality equipment is a must for success. At Greenbox Capital, we know that your kitchen appliances are vital to your establishment’s prosperity, and their quality can determine the fate of your culinary venture. That’s why we provide specialized financing for restaurant equipment as a crucial part of our funding services.
Our restaurant equipment financing is tailored to empower restaurant owners, chefs, and food entrepreneurs. It gives them the opportunity to access the latest and most advanced kitchen equipment without the heavy upfront expenses. Whether you’re looking to purchase or lease new appliances, upgrade existing machinery, or completely revamp your kitchen, our custom financing solutions are available to support your needs.
Well-maintained, efficient, and modern kitchen equipment not only enhances the quality and consistency of your dishes, but also increases productivity, reduces operating costs, and ultimately leads to higher customer satisfaction and revenue. Whether you manage a busy restaurant, a cozy cafe, or a mobile food truck, having the right tools at your disposal can elevate your culinary offerings and help you stand out in the competitive food industry.
Customized Solutions for Different Types of Food Businesses
Our restaurant equipment financing services are designed to cater to a wide spectrum of food-related businesses, recognizing that each segment has its unique needs and challenges. Here’s a list of food businesses that can benefit from our specialized financing solutions:
- Fine Dining Restaurants: For upscale establishments, maintaining top-tier kitchen equipment is essential to deliver exquisite cuisine consistently. Our financing options help you invest in premium appliances that meet the highest standards of quality and performance.
- Casual Dining and Bistros: These businesses require versatile equipment that can handle diverse menu items efficiently. We offer tailored financing plans to ensure your kitchen runs smoothly while keeping operational costs in check.
- Fast-Food Chains: Speed and efficiency are paramount in fast-food settings. Our financing solutions can help you acquire the cutting-edge cooking and preparation equipment needed to serve customers quickly and maintain consistency.
- Cafes and Bakeries: From espresso machines to ovens, your cafe or bakery’s success relies on specialized equipment. We understand your unique needs, and offer financing options to ensure you serve up your signature delights with ease.
- Food Trucks and Mobile Caterers: Mobility and compactness are key for these businesses. Our flexible financing allows you to outfit your mobile kitchen with the necessary appliances to deliver your culinary creations on the go.
- Pizzerias and Delis: Specialized ovens and slicers are pivotal for pizzerias and delis. We provide financing tailored to these needs, helping you create mouth-watering pizzas and sandwiches.
At Greenbox Capital, we acknowledge that one size does not fit all. Our commitment lies in understanding the distinctive challenges faced by each food business category and crafting personalized financial solutions to address them effectively.
Whether you’re a small cafe or an upscale restaurant, you can count on us to support your culinary ambitions with equipment financing that aligns with your specific requirements.
Benefits of Food Equipment Loans for Restaurants and Similar Businesses
Benefits of our restaurant equipment financing for small businesses like cafes and bars:
- Financial Relief: Small businesses often face tight budgets, and our restaurant equipment financing for bad credit in Canada offers a lifeline by reducing the strain on your financial resources.
- Quality Enhancement: Access to top-notch equipment like espresso machines, grinders, and refrigeration equipment improves the quality of your coffee and baked goods, leading to higher customer satisfaction and repeat business.
- Efficiency Boost: Bars can efficiently craft cocktails and serve beverages with specialized equipment, enhancing overall service quality and customer experience.
- Budget Preservation: Rather than depleting your cash reserves, our financing allows you to acquire essential appliances without compromising on quality.
- Flexible Repayment: We tailor our repayment plans to match the cash flow of small businesses, making it manageable to enhance your service quality without financial stress.
- Customized Solutions: We understand the unique challenges cafes and bars face and offer affordable, customized financing solutions to help you thrive.
- Business Growth: Invest in the necessary tools to attract more patrons, grow your business, and achieve long-term success with our support.
Ready to upgrade your restaurant’s equipment? Don’t let budget constraints hold you back. Apply for a loan with Greenbox Capital today and unlock the financial support you need to elevate your culinary business. Your path to success starts here.
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. |
| Pizzeria in Vancouver, British Columbia | $65,000 | over 14 months | This pizzeria used their loan to upgrade their kitchen equipment financing, resulting in faster service and improved customer satisfaction. |
| Food Truck in Calgary, Alberta | $35,000 | over 9 months | With their loan, this food truck expanded its menu and ventured into catering, increasing its revenue and customer base. |
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.
What Types of Restaurant Equipment Can I Fund with a Financing Restaurant Equipment Company such as Greenbox Capital?
At Greenbox Capital, we offer financing solutions for a wide range of restaurant equipment, including but not limited to ovens, grills, refrigerators, espresso machines, dishwashers, and commercial stoves, along with food packaging equipment term loans and food machinery term loans.
Whether you need to upgrade your existing equipment, expand your kitchen, or invest in new appliances, our financing options are flexible and can be tailored to meet your specific needs.
How Long Does Approval on Restaurant Equipment Loans Take, and When Can I Expect to Receive Funds on My Food Equipment Term Loan?
The approval process for food equipment term loans typically takes 24 to 48 hours after receiving your application and required documentation. Once approved, funds can be disbursed within 2-7 business days, depending on the complexity of the financing arrangement.
We strive to make the food equipment loan process as fast and hassle-free as possible so you can quickly acquire the restaurant equipment you need to enhance your business operations.
Where To Get Restaurant Funding In Canada
Alberta
- Edmonton
- Calgary
- Red Deer
- Lethbridge
British Columbia
- Victoria
- Vancouver
- Abbotsford
- Surrey
- Richmond
Manitoba
- Winnipeg
Northwest Territories
- Yellowknife
Yukon
- Whitehorse
Ontario
- Toronto
- Ottawa
- Mississauga
- Hamilton
- Kingston
- London
- Thunder Bay
- Windsor
- Kitchener
- Brampton
- Markham
- Peterborough
- Cambridge
- Oshawa
- Vaughan
- Caledon
- Halton Hills
- Milton
- Burlington
- Oakville
- Richmond Hill
- Stouffville
- East Gwillimbury
- Georgina
- Uxbridge
- Pickering
- Ajax
- Whitby
- Clarington
- North York
- Etobicoke
- Barrie
- Scarborough
- Innisfil
- Newmarket
- Aurora
Nunavut
- Iqaluit
Nova Scotia
- Halifax
Quebec
- Quebec City
- Montreal
New Brunswick
- Fredericton
- Moncton
Newfoundland and Labrador
- St. John’s
Saskatchewan
- Regina
- Saskatoon
Prince Edward Island
- Charlottetown
