Restaurant Business Loans

As a restaurateur, having a steady source of funding is more significant than ever before. The growing costs of essentials required on a daily basis like fresh supplies, increase in logistics expenses and wages for skilled hire are a few reasons why you might require small business loans for restaurants. And availing restaurant financing is made easier with Merchant Cash Advance.

With consumers preferring to conduct transactions through debit or credit cards especially for dine-ins, Capital Float offers restaurant owners the opportunity to monetize this trend by providing restaurant business loans on card settlements. Merchant Cash Advance is an ideal credit product for enterprising restaurateurs like you with consistent card settlements and short-term working capital requirements.

Through this collateral-free credit product, restaurants can avail up to 200% of the monthly revenue generated through Point-of-Sale machines. We have partnered with multiple point-of-sale (POS) card machine vendors such as Pine Labs, MSwipe, ICICI Merchant Services, MRL Posnet, Bijlipay, etc. Our partnerships have made it possible to disburse quick, hassle-free small business loans for restaurants within 3 days.

Features

Funds Ranging from ₹1 lakh - ₹1 crore

To ensure that you’re never short of funds, Merchant Cash Advance provides you access to quick restaurant business loans up to ₹ 1 crore, depending on your monthly card settlement.

Loan Tenure of 9 to 12 months

With our extremely flexible repayment terms, you can apply for a loan for a tenure of 6 months, 9 months or a year.

Loan Amount up to 200% of your Monthly Card Settlement

With Merchant Cash Advance, you can receive funds up to 200% of your monthly sales from card payment machines. Therefore, the higher you earn from card swipes, the higher the restaurant funding is likely to be.

Quick, Hassle-free Online application procedure

The entire procedure takes just 10 minutes of your time, including filling out an application form and digitally uploading the requested documentation.

72-Hour Disbursal

Through our data-driven competencies, we render the loan decision within hours, and deliver restaurant funds to your bank account within 3 days so that you waste no time in covering an unexpected business expense or capitalizing on a lucrative business opportunity.

Eligibility Criteria

The eligibility criteria for Merchant Cash Advance is fairly simple and user-friendly. Ensure that the following terms are met while applying for restaurant business loans:

  • The business has minimum operational history of 1 year
  • Minimum annual turnover of ₹20,00,000
  • Minimum card acceptance vintage of 6 months
  • Minimum monthly card volume of ₹5,00,000
  • Minimum of six settlements per month

How to Apply

  • Click on ‘Apply Now’.
  • Fill in the Sign Up form. This takes less than 10 minutes.
  • Upload the requested documents.
  • Find the required loan amount in your account within 3 days!

Documents Required

Keep digital copies of the following documents handy at the time of application for small business loans for restaurants:

  • Documents pertaining to your current account for the last 12 months
  • VAT returns for the last six months prior to loan application
  • Card settlement statements for 3 months prior to loan application.
  • Your and your promoter’s KYC documents

Fees and Charges

At Capital Float, we pride ourselves on conducting business in the most transparent manner. For any loan you avail, we typically charge a processing fee of 2% of the availed amount. There are no hidden or pre-closure penalties during or after your application procedure.