Case Study: Restaurant Business

Small Business Loan: Restaurant Business

Total Loan: $60,000

Monthly Turnover: $1,700,000

Purpose: Purchase stock for upcoming jobs

Comments:

At the start of the pandemic, this restaurateur expanded quickly into takeaway and meal delivery, even delivering entire set menus, to make up for the shortfall from having had to close their doors.

While they had a lot on their plate, they also wanted the option to take on more so when the lease residuals on their kitchen equipment fell due, they decided to apply for a business loan.

The unsecured business loan helped them keep a lid on cash flow in anticipation of putting on more staff and welcoming diners back through the restaurant’s doors. It was also important they had the option to repay the loan early without penalty.  

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