What Are the Types of Restaurant Business Loans?

Here are the top three types of restaurant business loans you can apply for:

SBA Loans:  These loans are backed by the government. Hence, you can get friendly payment terms for these loans. However, you will need to wait for these loans.

Short-Term Loans:  These loans are available through banks and financial institutions. The terms for these loans extend from six to thirty-six months. The repayment terms are weekly or monthly.

Equipment Loans:  As the name suggests, these loans are available for equipment-buying. Hence, if you want to buy equipment or vehicles, these loans can be handy.