What criteria do lenders evaluate in the restaurant industry?

FAQsBusinessLoansRestaurant

Primarily, lenders examine metrics like your restaurant’s longevity, annual turnover, envisioned business goals, prowess in management, personal credit score, and how much money you’ve personally invested. They might also review if you have any existing business debt or past debt refinancing endeavors. Lenders often appreciate seeing applicants with a solid business bank account and good credit history.