Capital for your Continued Growth
Scaling a restaurant requires a huge amount of capital and unless you’ve have many years of financial history, traditional lenders will have a tough time getting you funded. Our small business loan for restaurants is designed to help growth stage restaurants scale.
Open a New Location
Proven the concept in one area and it’s time to open another store? Great. Our growth loans can be used to open a new location.
Simple things like new tables and chairs are hugely expensive when you’re outfitting a restaurant. Rebuilding your bar or adding square footage is even more costly. We can design a loan that allows you to improve your space in an affordable way.
The equipment required to outfit a restaurant can be hugely expensive. Our growth loan can be used to finance major equipment purchases so you don’t deplete your cash reserves.
Improve Cash Flows
Use our small business growth loan to deal with seasonal peaks and valleys in your cash flow. We can give you piece of mind that you’ll have money for payroll during your slower months.
How a $250,000 Growth Loan is Funded
When you are a small business with a tight budget, time is money. Able allowed us to move forward faster than a traditional bank.
Merchant Cash Advances
- Extremely high APRs
- Scary hidden terms
- Pre-payment penalties
- Daily withdrawals
- Lowest-cost online lender
- Transparent terms
- No Prepayment Penalties
- Monthly payments
The money you raise from your network is amplified by Able to maximize your funding
Able makes peer to peer loans work for businesses. Raising funds helps you unlock dramatically more capital than you would normally have access to through traditional funding methods.
Start a Restaurant
Just starting out? The best way to get capital before your business has revenue is to build a loan funded by your Friends, Family and Fans.
Consolidate your daily cash advance, credit cards and equipment loans into one manageable monthly payment with competitive interest rates.