How to get a Restaurant Business Loans if I am in Decatur, IN

Business owner smiling outside her restaurant

If you’ve tried to get the loan at your bank, and either they refused to give you the loan or the alternatives they suggested did not meet your needs There are still options in Decatur, IN!

Restaurant business funding possibilities are available within the state of Decatur, Indiana

Line of Credit

A business owner who has been approved is extended an open line of credit from a brick and mortar bank or an alternative lender. The standard is a monthly or annual spending limit, and it must pay back regularly or on a yearly basis before a merchant can draw down additional credit. This can be beneficial for two reasons:

  • It offers business owners working capital when they need it and the freedom to choose the amount they’ll require
  • It assists business owners in improving their business credit score

This is used for managing cash flow for purchasing more inventory or other unexpected expenses.

Consider a revolving line of credit, which can give you access to money whenever you need it.


Cosy table at restaurant against an armoire for bars

Term Loan

You can use it for investing in your business, like expansion projects or large purchases.

Make sure you have the money you need on a short notice at competitive rates and the possibility of applying for additional funds if needed. It could be a ideal option if you have a flexible timeframe for your venture or if you begin looking for funds ahead of time of when you’ll need it available.


View of empty outdoor restaurant on the seashore.

SBA (Small Business Administration) Loan

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

SBA loans typically demand applicants to make the sum of money as personal or business collateral to secure the loan to demonstrate their personal stake in the business. SBA loans also come with long application procedures that could take weeks or even months which require applicants to submit year-long financial statements and prepare receipts for every major purchase the company has made over many years. SBA loans could be a good fit If your venture is on a open timeline and doesn’t need capital on hand quickly. SBA loans are also flexible regarding the amount of funding available. Many SBA-approved lenders will issue loans up to $5.5 million, the maximum amount allowed in the SBA.

Restaurant Business Loan Calculator in Decatur, IN

Calculator Disclaimer:

These calculators are created to serve as an aid and not to replace the user-defined parameters. The default values are hypothetical and might not be suitable for the particular situation. Before you trust the numbers, seek the advice of a financial expert.


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



The site’s owner is NOT an actual lender nor does it make offers for loans, and does not offer online loan brokerage to lending partners or lenders. Customers who visit will be paired with a lender or an lending partner and will be redirected to only lenders or lending partners who offer lending services for businesses. loan products.