How do you get a Restaurant Business Loans if I am in New Bern , NC

Business owner smiles outside her restaurant

If you’ve tried to obtain one loan from your financial institution and they either refused to grant you the loan or their options did not meet your needs However, you’ll have more options in New Bern, NC!

Restaurant business funding options available in the area of New Bern, North Carolina

Line of Credit

An approved business owner can be granted a line of credit from a brick-and-mortar bank or alternative lender. There is usually a minimum spending maximum, which needs to be paid in installments, either each month or every year before a business is able to draw additional credit. This can be beneficial for two reasons:

  • It gives business owners working money when they need it and the freedom to choose how much they’ll need
  • It assists business owners in improving their credit score for business.

Useful for managing cash flow to purchase more inventory or other unexpected expenses.

Consider a revolving credit line, which will allow you to access cash when you need it.


Cosy table in restaurant against an armoire for bars

Term Loan

Utilize for investment in your business, such as expanding projects or purchases of large amounts.

Get the money you need in advance at a low cost, with the option of applying for additional funding if you need to. This might be a great option for you if there’s a flexable timeline of your project or you begin to look for financing ahead of time of when you need to have cash available.


View of empty outdoor restaurant on the seashore.

SBA (Small Business Administration) Loan

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

SBA loans generally need applicants to pay significant amounts of collateral, either business or personal, for backing their loan to demonstrate their personal involvement in the venture. SBA loans also have lengthy applications that may extend for weeks or months, requiring applicants to submit many years of financial records and prepare receipts for every significant purchase the business been able to make over many years. SBA loans might be the right choice for you for projects that have a more flexible timeline and do not need capital on hand quickly. SBA loans also provide flexibility when it comes to the amount of funding available. Most SBA-approved lenders are able to originate loans that range from $5.5 million. This amount is the maximum permitted through the SBA.

Restaurant Business Loan Calculator in New Bern, NC

Calculator Disclaimer:

These calculators are intended to function as a tool, but not to replace user-defined parameters. The default numbers are not guaranteed and may not be relevant to the specific situation you are in. Before you base your decisions on the numbers, you should consult an expert in finance.


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



The website’s operator is NOT an actual lender nor does it make an offer for loans and does NOT broker online loan to lenders or lending partners. Visitors to are assigned to the lender or a lending company, and is redirected to lenders or lending partners that provide businesses loan products.