Restaurant Acquisition Loans For Buyers With No Restaurant Experience

By Hoke - Last updated: Tuesday, August 3, 2010 - Save & Share - Leave a Comment

Most Commercial Banks will not provide SBA Business Acquisition Loans for restaurants. Some will lend only if the buyer has years of restaurant experience, usually as a restaurant owner. Although it seems to be, “No restaurant lending” is not an SBA policy but is a decision made by the individual lenders. After dozens of phone calls and hearing a lot of “sorry but no” we have received several Letters of Intent from several Banks for SBA Business Acquisition Loans to Restaurant Buyers who have absolutely no restaurant experience.

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