Fill 70 4203B747-A5A2-4275-9F96-38E6851BE1BD Created with sketchtool. check check image/svg+xml CD0C9D5F-2558-443A-AD03-5A2F8700B292 Created with sketchtool. configuration image/svg+xml FE9604CC-D439-4D7C-AEB5-A81CBFFB16FE Created with sketchtool. Facebook Fill 44 Google+ 5A344CE4-3E88-4357-B768-280D04897943 Created with sketchtool. LinkedIn newdownload OnDeck Fill 199 percentage % BF59B24C-7DA4-41B0-87D4-01ED3734209F Created with sketchtool. 0DF0E730-80C5-4D3F-BD60-C7145885A66F Created with sketchtool. share with email share on facebook share on linkedin share on twitter Twitter Bi-directional arrow user Fill 83 Group 62693C83-537A-4833-ACB4-3A51525E6280

 

Restaurant Business Loans
Guides and resources for restaurant business loans

Apply Now

 

How can OnDeck Help?

        1.  

A quick and easy loan process

Our simple application process can be completed in minutes and you'll know within hours if your loan is approved

Flexible loans to suit your needs

With loans from $10,000 - $250,000 over 6-24 month terms, we work with you to understand what best suits your needs

Dedicated Australia-based Loan Specialists

You'll get an Australia-based Loan Specialist to assist you with your application

Find out how much funding you could get for your business

Apply Now

 

What life stage is your restaurant business in?

OnDeck has specialised business guides and tips for every stage of your business.

Have a look below to see if your industry is listed.

Starting
Out

Learning the ropes and honing your business owner skills 

Read More

Establishing yourself

Making a name for yourself and cementing yourself as a successful business owner

Read More

Re-Invention and Evolution

Evolving as a business to newer and better heights

Read More

OnDeck, the small business loan specialist

Apply Now

I can't say enough about OnDeck. Always friendly and amazingly compassionate when times are bad which is quite rare for a Finance company. I love the Customer Service.

Pigeon Diner Pty Ltd

Restaurant Frequently Asked Questions

Banks and lending institutions offer a variety of business loans for restaurants. The application process and eligibility requirements are different for each, so ask these questions before taking out a loan.

You first need to evaluate your financial options. Once you’ve identified what you need, you can apply for a business loan.

First you need to create a business plan, which includes your organisation model, market research and pricing. Then you need to get the necessary finances to cover the start up costs. Don’t worry, it’s easier than you think to get a business loan with small business lenders like OnDeck.

Not if you apply for the right loan and have a good credit profile. You can learn more about Ondeck’s easy application process and eligibility requirements here.

Consistent delivery of high-quality services, which includes efficient processing systems.  Quality comes from offering better/unique services compared to your competitors, having experienced staff, and offering food your customers want. Efficiency focuses around POS systems, invoicing, payments, and customer experience.

Create a profitable restaurant by hiring and training dedicated staff, establishing a steady stream of new customers as well as a loyal customer base, building a good pricing strategy, and avoiding a cash flow crisis.

By focusing on key fundamentals that are vital for a successful business such as healthy financials, an experienced manager and staff, strong marketing strategies, and sustainable prices.

By focusing on key fundamentals that are vital for a successful business such as healthy financials, an experienced manager and staff, strong marketing strategies, and sustainable prices.

It takes most successful restaurants a couple years to consistently turn a profit. This extended timeline needs to be part of your business and financial plans.

Surround yourself with people who do – maybe that’s a business partner, experienced staff manager, mentor, etc. Ask for advice and research as much as you can about being a restaurant owner so you can build a strong business plan.

The cost of opening a restaurant is entirely dependent on the scale and location. A small, intimate space is cheaper than a large franchise with mandatory brand guidelines. You can see the business loan options OnDeck offers for restaurants to get an idea of available funding.

Australia has a massive restaurant industry with a variety of cuisines in high demand. Based on the location and local demographic, you could very well build a profitable restaurant.

You need to do a lot of research, create a strong business plan, find a well-trafficked location, and hire experienced staff. It’s also important to have sufficient resources and cash – oftentimes sourced through a business loan – to cover the start-up costs.

Licensing requirements vary by state, but most include a general business license, food business license, liquor license (if selling alcohol), and to comply with food safety regulations.

Ready to unlock opportunity?

Apply Now