The Best Lines of Credit for Restaurants

Funds readily available through a line of credit are essential for preparing and handling unexpected expenses.

Truly amortized product, where you only pay interest on money that is drawn from line.

Unsecured programs, no collateral needed, up to $250,000.

Annual Interest Rates are Prime (8.5%) + 0% to 2%.

How much do you need to access?
*FREE to Apply & NO credit check
Approvals Up To
Terms as low as
WSJ PR + 0% -2%
Approvals as fast as
With access to affordable capital our restaurant owners can successfully expand their businesses

Grow Your Business with a Line of Credit.

Funds that are Available When You Need Them Most.

Restaurants often require large sums of money upfront or in advance which may not be possible without proper financing arrangements.

Find the Best Option

A Quick and Easy Process from Start to Finish.

Finding the perfect line of credit facility is now easy! We work closely with you every step of the way to ensure everything goes smoothly.

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How Line of Credit Depot Works:

To qualify for a line of credit, your restaurant should have demonstrated profitability on the most recent filed business tax return. This showcases your ability to afford payments after drawing funds from the line of credit. Even if your last tax return shows net losses, you may still be eligible.

Certain expenses (non-taxables) on the return can be "added back"
to the net profit amount, bringing your business to a qualifying requirement.

Examples of expenses that may be added back in are certain interest paid on borrowed money and depreciation expense incurred by use of equipment or real estate owned by company's members other than owner/officer/partner who is requesting loan.

Truly amortized product, where you only pay interest on money that is drawn from line.
Unsecured programs, no collateral needed, up to $250,000.
Annual Interest Rates are Prime (8.5%) + 0% to 2%.
Monthly payments with interest only options
How much do you need to access?
*FREE to Apply & NO credit check
Recent Success Story
Line of Credit secured for a restaurant in Philadelphia
Maria is an entrepreneur who built a successful restaurant business in Philadelphia . When she needed funds to renovate her entire brand, Line of Credit was able to approve the business for $250,000 in a commercial credit line in July of 2022.

Line of Credit Depot provided the financial resources Maria needed to revamp her restaurant image. Changing the image of the restaurant meant that a total renovation, inside and out was needed at the location. Besides using this credit for construction and design expenses; funds were also drawn to cover the business bills during the closed periods, which included; payroll, purchasing quality ingredients, and expanding the menu.

This credit line had a significant impact on Maria's restaurant. It allowed her to consistently deliver a great dining experience by employing skilled staff and offering the best in local dining!

The credit line also enabled Maria to invest in marketing, including a revamped website, social media campaigns, and smart promotions. With the relaunch of the restaurant, past and new customers were enticed to visit!

With access to credit, Maria was able to seize opportunities. She adapted to new culinary trends, experimented with different dishes, and hosted special events. These steps kept her restaurant up-to-date and appealing to customers.

We provide the Restaurants industry with bank-level financing

Streamline the process by filling out a simple online application. Say goodbye to lengthy paperwork and complex forms.
Our team of financial experts is dedicated to understanding your unique needs. We'll work closely with you to define the perfect financing option tailored to your business requirements.
Receive a range of offers from our trusted network of lenders. Take your time to evaluate and compare the options available. Choose the one that aligns perfectly with your goals and vision.
Experience the joy of quick and efficient funding. Within just a few days, your business will have the financial boost it needs to thrive. It's that simple!

"See if you qualify before you apply. Answer a few questions about your business to get a pre-approval."

Matthew Elling
Small Business Financing Expert & Founder of Line of Credit Depot
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geared towards your Restaurant company
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Restaurant lines of credit range from 5 to 8% annual interest rate. Normally terms are 2 year with a requirement for a zero balance payoff within those 2 years. This means that debt on the line must get fully paid off to keep the line of credit active.

When restaurants are renovating their dining areas or even purchasing new kitchen equipment they can access their line of credit. Funds are withdrawn from the line of credit account and deposited into the business operating account. This transfer happens automatically. Monthly charges are based on the amount of capital owed, so you can expect smaller payments if you have minimal debt owed. 

When restaurant owners need capital for their business, funders in the MCA space are usually very interested in lending money. This is because the cost of capital for these short term advances are extremely high, so brokers and funders make their money quickly. Restaurants that have had or are currently paying back an MCA can still get approved for a line of fact, if you showed this high interest expense on your last business tax return, underwriters can even ‘add back’ these expenses to your net profit/loss, thereby increasing your profitability. 

If you run a restaurant and are looking for affordable access to capital, please apply here

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Ask any restaurateur; and they will tell you that the restaurant industry is super challenging. This challenging industry can even be more unpredictable if a restaurant doesn’t have a line of credit. In order to provide the best service and product, restaurants are constantly extending capital to suppliers, labor and other necessary overhead. These non-stop costs can lead to issues when a restaurant experiences a drop in customers or an unexpected high cost expense. Restaurants often access their lines of credit for these unanticipated credit gaps.

To be approved for a line of credit, a restaurant must have been in business for at least 2 years and have shown a profit on the last filed tax return.

Restaurant owners can apply for a line of credit, but keep in mind that the business must be showing profits. One of the main reasons why a restaurant would be declined is usually due to lack of profitability. Now, this doesn’t necessarily mean that a restaurant that shows losses can’t be approved. Here’s how. It’s common for restaurants to forward the depreciation of equipment (stoves, ovens, grills, refrigerators, etc) on tax returns. This will decrease the taxable income and show a lower profit for that particular year. This depreciation can even drop what would be a ‘profitable’ business into losses on the tax return. For the purposes of underwriting a bank line of credit, most of our partner banks will ‘add back’ or remove this line item from the tax return calculation. This means that if there was depreciation of $50,000 and the business net profit was ($14,000) loss, the true gain would be $36,000.

Even if you as a restaurant owner were declined for bank financing in the past, please keep in mind that we work with hundreds of real local and national banks. So just because 1 or 2 banks declined your application for capital, don’t lose the hope of obtaining a line of credit.