How to get a Restaurant Business Loans if I am in South Charleston, WV

Business owner smiles outside her restaurant

If you’ve tried to get a loan from your bank , but or they declined to offer you the loan or the loan options offered did not match your needs, you still have more options in South Charleston, WV!

Restaurant business funding options are offered in the state of South Charleston, West Virginia

Line of Credit

A business owner that is approved may be given a free line of credit through a brick-andmortar bank or an alternative lender. There is usually a spend limit, which has to be paid either in a monthly or annual period before a merchant is allowed to take out more credit. This choice is beneficial due to two reasons:

  • It grants business owners working with capital when they need it and the flexibility to decide the amount they’ll need
  • It assists business owners to improve their credit score for business.

The use of cash flow management to buy more inventory, or to cover other unexpected expenses.

Make use of a revolving line of credit that gives you access to cash when you need it.


Table with a cozy design at restaurant against an armoire for bars

Term Loan

Make use of it to fund your business, like acquisitions or expansion projects.

Get the funds you need for your project in the beginning, and get them at an affordable rate, with the option to apply for additional funding if you need to. It’s a beneficial option if you’re able to set a timetable of your project or you begin looking for funds before the time you’ll need funds in your bank.


View of empty outdoor restaurant on the beach.

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 demand applicants to make significant amounts of personal or business collateral to fund their loan as proof of personal stake in the business. SBA loans also come with lengthy applications that may extend for weeks or months and requires applicants to submit the last few years of financial reports and generate receipts for every major purchase the company has completed over many years. SBA loans might be a fit for you for projects that have a variable timeline and you do not need cash in hand immediately. SBA loans also give you flexibility in regards to the amount of funds available. Some SBA-approved lenders may originate loans as high as $5.5 million. This is the highest amount permitted is set by SBA.

Restaurant Business Loan Calculator in South Charleston, WV

Calculator Disclaimer:

These calculators are designed to serve as a tool, but not to replace the user-defined parameters. The default values are hypothetical and might not be appropriate for your specific circumstances. Before you take a stance on the figures seek advice from a financial expert.


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



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