Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Single-Use Business
Restaurant Loans
We are pleased to offer restaurant loans for the purchase or refinance of restaurants nationwide, from $1,500,000. Select Commercial specializes in restaurant financing for both seasoned operators and new owners, whether you are starting, buying or refinancing a restaurant. Because a restaurant is an owner-operated, single-purpose business, we place these loans mainly through SBA 504 and 7(a), with up to 90% financing. Compare today’s commercial mortgage rates.
Get a Free QuoteRestaurant Loan Rates & Terms
| Loan Type | Rate* | Max LTV |
|---|---|---|
| SBA 504 (Fixed) | 6.03% | Up to 90% |
| SBA 7(a) (Variable) | 6.75% | Up to 90% |
- Restaurant purchase and refinance nationwide
- Up to 90% financing through SBA, 100% possible in some cases
- For seasoned operators and new owners
- Cash-out available for improvements or expansion
- Long terms, up to 25 years for real estate
- Loans from $1,500,000, no upfront fees
Rates are indicative and update with the market. Single-use underwriting weighs the operating business.
Three Main Sources of Restaurant Financing
There are three main sources of restaurants financing, and as a broker we compare all of them for your deal:
- SBA loans (504 and 7a): the most common route for restaurants, offering high leverage up to 90%, long terms and flexible underwriting for owner-operators.
- Seller financing: sometimes available on acquisitions, and often used alongside an SBA or bank loan.
- Conventional bank loans: available for stronger operators, though most conventional lenders steer clear of restaurants due to the specialized risk profile.
Why a Restaurant Loan Specialist Matters
Most conventional lenders avoid restaurants because the real estate and the operating business are intertwined. Many small business owners looking to refinance or take cash out have trouble getting traditional bank loans because of their company size, a specialized property type, credit history, or difficulty producing tax returns. It is important to choose a lender who has experience with restaurants and understands how to analyze these transactions.
With more than 30 years of experience, we finance restaurants that generalist lenders will not, with no upfront application or processing fees and written pre-approvals within 48 hours. See our business loans and special-purpose pages for related options.
What Our Clients Say
“I needed an SBA loan and found Select Commercial. It was obvious Stephen knew everything about commercial loans. If you are starting a small business, definitely give them a call.”
Larry S. · Washington, DC“I needed a business mortgage for my small business. Stephen helped me the entire way and was always accessible. I highly recommend them.”
Jonathan M. · Seattle, WA“I am a veterinarian who purchased an existing practice. I was surprised to find a company that offered 100% financing at a good rate, with great terms and rates for medical office financing.”
Carol K. · Chicago, IL“Select Commercial offered 100% financing for my medical practice when my bank would have required 20% down. They delivered something my bank could not, and handled everything professionally.”
John C. · Boston, MAGet Your Restaurant Loan Quote
No cost, no obligation. Written answers within 48 hours from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up