Business Loans and Financing for Bars and Restaurants in Ontario

Ontario is known hosting a mixing pot of various different cultures, creating the environment for an abundance of bar & restaurants. No matter which city you go to, there are various bars and restaurants to choose from. It’s important that this thriving bar and restaurant scene is properly supported so if you run a bar or restaurant in Ontario but have been overwhelmed by expenses or have investments you’d like to make in order to improve your business, then we have a solution for you.In Ontario, there are various types of bar and restaurant loans to choose from, and what’s incredible is that you can obtain any of them through an online application.

it’s simpler than ever to acquire a bar or restaurant loan in Ontario is easy. Regardless of your credit score, as long as you connect with a company that is equipped to accommodate your unique needs you’ll have a great chance of getting approved. However, it’s important to know that business financing for a restaurant only applies to a restaurant that’s been in business for at least 6 months and generates at least $5000 in monthly revenue.

If you meet that requirement, then there is no doubt that you could benefit from a business loan for a bar or restaurant today. Scroll down to begin comparing your different options!

Whether you need to upgrade diners, food establishments, make equipment upgrades, renovations, finance a patio installation, pay for staffing or marketing or something else, a business loan for bars and restaurants will help you accomplish it. To determine an amount and provider that’s suitable for you, simply compare the terms, rates and offers that we’ve set out for you and click “apply now” when you’re ready. Before getting accepted and processed for the bar and restaurant loan, you’ll be asked a standard set of qualifying questions. An easy alternative to conducting research on your own is to pre-apply with Smarter Loans. With a pre-application, we’ll have qualified companies from Ontario reach out to you with their very best loan offers.

Ontario Facts

  • According to the most recent data, there are 3,602,000 listed home owners in Ontario.
  • On the average a household in Ontario earns an income of $74,300.
  • Ontario’s major hiring industries are agriculture, forestry, fishing and hunting, management of companies and enterprises, real estate and rental and leasing.
  • The areas of study interests of Ontario residents lie mainly in agriculture, natural resources and conservation, business, management and public administration, architecture, engineering, and related technologies.
  • Employment rate: 60%.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Smarter.Loans helps you find trustworthy Restaurant Business Loan lenders in Ontario for your financing needs.

Check our list of Restaurant Business Loan companies to get access to current Restaurant Business Loan rates in Ontario.

Restaurant Business Loans are mostly used for these purposes

  • invest in restaurant equipment upgrades
  • buy new restaurant equipment and improve food quality
  • purchase new equipment and reduce utility costs
  • update and upgrade your gas ranges
  • buy new deep fryers for your restaurant
  • add a patio or additional space in your restaurant
  • pay employee salaries and wages
  • get a new refrigerator & freezer

to name but a few.

Elite Trusted Lenders

These companies are recognized for their excellent service, product offering and financial literacy education for all Canadians.