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Get pre-qualified for a food service loan before you apply. Our free business capital search engine will allow you to see the funding programs and lenders that are available to you and then you choose those you wish to apply for. 

A food service loan provides financing to a business involved in the food service industry. Food service loans help these businesses with the expenses associated with operating a food service business. This type of loan is specifically designed to meet the needs of a food service operator and help the business purchase equipment and supplies needed for the operation.

Food Service Loan Providers

A food service loan can be provided by a private lender or bank that offers these specialty type loans. The owner of a food service business benefits by having access to funding necessary to start or operate their food service business. The terms and conditions of a food service loan are set forth under an agreement between the borrower and the lender.

Food Service Loan Uses

Food service loans can be for furniture and equipment that is used in the preparation of food. These items are generally financed with a long-term loan that allows the food service operator to depreciate the interest cost on the loan. Interest rates that a bank or other lender charges for a food service loan depend on the credit risk of the borrower. Borrowers with poor credit should expect to pay more in order to acquire a food service loan than those borrowers with good credit ratings. This is true of all loans, regardless of the type or purpose for the loan.

Understanding Credit

A food service loan borrower should understand their credit rating and make any changes necessary to qualify for a loan. This includes paying off past due debts and refinancing or consolidating other loans outstanding. A food service loan borrower should not be in default of any other loan when applying.

Credit is the lifeblood of your business, especially for small or new startup companies. assists entrepreneurs to get started purchasing equipment, building your inventory and expanding your business.

Some important items to know to finance your are:

  1. How much money do you really need?
  2. Do you know your exact FICO scores?
  3. How do you plan to repay the loan?
  4. Who is going to borrow the money? You personally or another legal entity?
  5. What assets can you pledge to secure your loan?


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