When it comes to the restaurant business, it’s not just about the ingredients you put on the plate – it’s also about the financial ingredients that help your business grow and thrive. Here at First Union Lending, we’re serving up some key information about loans and financial programs that can help your culinary venture reach its full potential.
SBA 7A Loan Program: A Main Course for Business Growth
First up on our menu is the SBA 7A Loan program. With flexible terms and competitive interest rates, this loan option is popular for restaurant owners looking to start or expand their culinary ventures. It’s the main course of business growth, providing the capital you need to upgrade your kitchen, expand your seating, or open a new location.
SBA Restaurant Revitalization Fund: A Special Serving for Pandemic Relief
Next, we have the SBA Restaurant Revitalization Fund. This special program, established in response to the COVID-19 pandemic, provides targeted relief to eligible restaurants, bars, and other food establishments. It’s a unique serving to help your business recover and regain momentum in these challenging times.
SBA Microloan Program: A Sprinkle of Extra Funding
Let’s not forget the SBA Microloan Program. Perfect for smaller businesses with more minor funding needs, this program can be a valuable ingredient in your recipe for success. Whether you need to purchase new kitchen equipment, invest in marketing, or cover operating expenses, this microloan can give you the financial boost you need.
In the world of restaurant business, the right financial recipe can make all the difference. With these loan programs from First Union Lending, you can cook up success and serve your customers the best experience possible.