How to obtain a Restaurant Business Loans if I am in Palm Harbor, FL

Business owner smiling outside of her restaurant

If you’ve tried to get one loan from your bank , but or they were unwilling to give you the loan or the loan options offered did not match your needs however, you’re still left with other options in Palm Harbor, FL!

Restaurant business funding options are readily available in the area of Palm Harbor, Florida

Line of Credit

A business owner that is approved may be granted a loan of credit from a brick and mortar institution or an alternative lender. There is usually a spend limit, which must be paid out either monthly or annually before a merchant is allowed to take out more credit. This is advantageous for two reasons:

  • It offers business owners working money when they need it and allows them to choose what they will need.
  • It assists business owners to improve their credit score for business.

Use for managing cash flow to buy more inventory, or for any other unexpected expense.

Utilize a revolving credit line that provides access to cash when you need it.


Table with a cozy design at restaurant against the bar rack

Term Loan

Utilize for investment in your business, like acquisitions or expansion projects.

You can get the funds you require in advance at a low cost, with the option to apply for more funds as needed. This might be a choice for you if you’re able to set a timetable in your project, or you begin your search for funding well in advance of when you’ll need money in your bank.


View of empty outdoor restaurant on the seashore.

SBA (Small Business Administration) Loan

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

SBA loans generally require applicants to put down an extensive amount of personal or business collateral in order to guarantee their loan to justify their personal stake in the business. SBA loans also come with lengthy application processes that can run for months or weeks in which applicants must submit an annual financial statement and make receipts for each important purchase their company has been able to make over several years. SBA loans may work for you when your business has a more flexible timeline and do not require capital to be available quickly. SBA loans also have flexibility in regards to the amount of financing available. Many SBA-approved lenders offer loans that are up to $5.5 million. This is the limit permitted is set by SBA.

Restaurant Business Loan Calculator in Palm Harbor, FL

Calculator Disclaimer:

These calculators are made to function as a tool, but not to replace the user-defined parameters. The default values are hypothetical and may have no relevance to your particular circumstances. Before relying on 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 Palm Harbor, Florida, please fill the form below:



The owner of this site is NOT a lender, does not make any loans offers, and does not provide online loans to lenders or lending partners. Customers who visit are matched with either a lender or a lending party, and transferred to lenders only or lending partners that offer business loan products.