Annual sales in the restaurant industry have reached $799 billion across more than one million restaurants in the U.S. This year alone is expected to see the creation of 16.3 million new jobs in the industry, making it a prime opportunity for entrepreneurial growth and success.

American consumers spend 12.6% of their income on food, dedicating nearly half of that to eating out. The demand for restaurants is high, with 39% of adults reporting they’d like to eat out more often. Whether you are already in the food service industry or simply have a passion for all things culinary, this may be the right time to explore and secure restaurant loans to open or expand your own establishment.

Why Seek Funding?

Sixty-one percent of adults are willing to spend their money on an experience, such as eating out, rather than purchasing an item from the store. Capitalizing on today’s on-the-go lifestyle in which 51% of diners go out to eat more than once a week, the restaurant industry presents a smart choice for savvy business minds.

But to capitalize on the opportunity, restaurants must implement current trends in both decoration and automation. Seventy-three percent of diners agree that restaurant technology such as online reservations, free WiFi, and online ordering improves their guest experience. Owners are increasingly seeing the need as well, with 95% of restaurant owners agreeing that restaurant technology improves their operational efficiency, reporting and inventory management.

At Cornerstone Capital Lending, we can help you secure the restaurant loans you need to keep your business ahead of the competitive curve.


Funding Types and Options

SBA 7(a) Loans

The most popular SBA financing option is the SBA 7(a) loan. Restaurant owners can secure up to $5 million to finance the following projects or goals:

  • Purchasing or expanding property for a restaurant
  • Purchasing an existing business
  • Purchasing a leased property
  • Purchasing new technology for expansion
  • Refinancing current debt

SBA 504 Loans

SBA 504 loans are another option for restaurant owners who want to purchase real estate or equipment for their long-term growth. These loans are also known as Certified Development Company loans, or CDC loans. Businesses can take out SBA 504 loans for:

  • Purchasing existing buildings or leased property
  • Purchasing new technology or equipment that will expand your restaurant
  • Purchasing new buildings or renovating current facilities

Conventional loans

Restaurant owners that want to launch or expand by buying or refinancing commercial real estate might consider a conventional loan. Our team can help you determine if it’s the best option for your business.

Find out more about Cornerstone Capital Lending’s conventional loan program.

Restaurant Loans


The Loan Financing Process

Is a conventional or SBA loan right for you? Get in touch with a lender you can trust. At Cornerstone Capital Lending, our experts keep you first. We have decades of experience in securing SBA and restaurant loans, and put that wealth of knowledge to work for you. We’ll keep the process simple and help you get the right restaurant loans for your business—fast.


Take The Next Step

Securing restaurant loans can be a challenge when you don’t know what to look for. A knowledgeable professional can help navigate the process and keep it simple and fast. The certified lenders at Cornerstone Capital Lending will help you find and secure the right loan for your business. Contact us to learn more about conventional and SBA restaurant loans.

Discuss your financing options with a certified financial specialist.

Send us a commercial loan quote form.