How do you get a Restaurant Business Loans if I am in Charleston, WV

Business owner looking happy outside her restaurant

If you’ve tried getting a loan through your bank but the bank refused to give you the loan or the options they offered did not match your needs There are still options in Charleston, WV!

Restaurant business funding alternatives are available in the region of Charleston, West Virginia

Line of Credit

An approved business owner can be granted a line of credit through a brick-andmortar bank or alternative lender. There is typically a spending limitation, which must be repaid either regularly or on a yearly basis before a merchant is allowed to take out more credit. This can be beneficial for two reasons:

  • It gives business owners working cash when they require it and allows them to choose the amount they’ll need
  • It aids business owners to improve their business credit score

Cash flow management is an effective method to manage cash for purchasing more inventory or any other unexpected costs.

Consider a revolving credit line, which could allow you access funds when you require it.


Cosy table in restaurant against the bar rack

Term Loan

Make investments for your business, such as expanding projects or purchases of large amounts.

The funds you require early, at great rates, with the option of applying for additional funds if needed. It could be a excellent option if you’re in a position to create a flexible timeline for your project or if you start searching for funding before the time you’ll need funds available.


View of an empty outdoor restaurant at the beach.

SBA (Small Business Administration) Loan

The Small Business Administration, or SBA, loan is a loan of funds from The U.S. Small Business Administration

SBA loans generally will require applicants to contribute significant amounts of personal or business collateral to back their loan for proof of their personal investment in the venture. SBA loans also have lengthy applications that may extend for weeks or months as applicants are required to submit an annual financial statement and keep receipts of every large purchase the business completed over several years. SBA loans may make sense if your project has a variable timeline and you do not require funds in short order. SBA loans also offer flexibility in terms of the amount of funding available. Most SBA-approved lenders are able to originate loans that range from $5.5 million. This is the highest amount allowed per SBA.

Restaurant Business Loan Calculator in Charleston, WV

Calculator Disclaimer:

These calculators are designed as an aid and are not meant to replace user-defined parameters. The default values are hypothetical and may not be appropriate for your specific circumstance. Before you trust the data, seek the advice of an expert in financial matters.


If you would like a quote or you just want know what other options you have in Charleston, WV, please fill the form below:



The operator of this website is not a lender however, it does not make any loans offers, and doesn’t broker online loans to lending partners or lenders. Customers who arrive at will be connected to a lender or an investment partner. Customers are transferred to lenders only or lending partners who offer business loan products.