How to obtain a Restaurant Business Loans if I am in Stockton, IL

Business owner smiling outside her restaurant

If you’ve tried to get you a loan from your bank and or they declined to offer you the loan or the loan options offered did not match your needs You still have other options in Stockton, IL!

Restaurant business funding options are offered in the area of Stockton, IL

Line of Credit

An authorized business owner gets extended an open line of credit from a brick-and mortar bank or alternative lender. It is generally a spending limit, and it must be repaid on a monthly basis or annually before the merchant can draw down additional credit. This option is beneficial for two reasons:

  • It offers business owners working cash when they require it and the freedom to choose how much they need
  • It assists business owners in improving their business credit score

The use of cash flow management for purchasing more inventory or for any other unexpected expense.

Utilize a revolving credit line, which could allow you access cash whenever you require it.


Cosy table at restaurant against a bar rack

Term Loan

Make investments for your business, such as project expansion or for large purchases.

The funds you require upfront with great rates, with the option to apply for additional funds if needed. It’s a excellent option if you have a flexible timeframe for your project or if the time to start looking for funding before the time you’ll require cash on hand.


View of an empty outdoor restaurant on 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 typically have applicants depositing substantial amounts of collateral, either business or personal, for backing their loan to prove their personal stake in the business. SBA loans also have long application procedures that could last for months or weeks and requires applicants to submit years of financial statements as well as keep receipts of every major purchase the business has been able to make over several years. SBA loans may make sense if your project has a flexibility in time and you don’t need cash in hand immediately. SBA loans also have flexibility in terms of the amount of funds available. Many SBA-approved lenders offer loans as high as $5.5 million, which is the maximum allowed from the SBA.

Restaurant Business Loan Calculator in Stockton, IL

Calculator Disclaimer:

These calculators are designed to aid in the process, not to replace user-defined parameters. The default values are hypothetical and may not be applicable to your particular circumstances. Before you decide to rely on the figures , ask an expert in financial matters.


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



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