Business Loans and Financing for Bars and Restaurants in PEI

The main backbone of the economy in Prince Edward Island is farming but what shouldn’t be overlooked is the unique assortment of bars and restaurants that radiate with Prince Edward Island’s history. These bars and restaurants are important to both the local communities and travelling tourists, which is why they are maintained and innovated to keep up with new technologies and designs through business loans for bars and restaurants. These loans are supplied by numerous qualified companies in Prince Edward Island. If you are interested in a business loan for bars or restaurants in Prince Edward Island, you’ve arrived at the right place!

Before you apply, you should be aware that in order to successfully acquire business financing for a bar or restaurant in Prince Edward Island, your business must have existed for at least 6 months and have generated at least $5000 in monthly revenue. If your bar or restaurant meets that requirement, you’ll be eligible for a business loan for a bar or restaurant in Prince Edward Island.

There are many different reasons why bar and restaurant owners seek out business loans such as paying for staffing or marketing, bars, diners, food establishments, equipment upgrades, renovations and more.

If any of the above applications could prove useful to you, simply scroll down to compare the terms, rates and offers by all of the top providers in Prince Edward Island. Once you’ve discerned which provider and business loan works for you, click “apply now” to get started. As a filter to make sure that qualifications are met, a brief online qualifying survey will need to be filled out before your request is accepted and processed. If the countless options are overwhelming, pre-apply instead with Smarter Loans and we’ll research your unique needs and forward a handpicked set of business loan offers directly to you.

Company
Amount
Interest Rate
Reviews
Terms
$10,000 - $300,000
Starting at 6.99%
4 - 18 Months
$5,000 - $250,000
Starting at 9.99%
6 - 24 Months
$5,000 - $250,000
Starting at 9%
3 - 18 months
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$5,000 - $100,000
Starting at 29%
4 - 6 months
$5,000 - $100,000
Starting at 6.87%
3 - 18 Months
$5,000 - $150,000
8.99% - 18.99%
3 - 24 Months
$5000 - $500,000
12.99% - 39.99%
6 - 18 Months
$5,000 - $100,000
Starting at 15%
12 - 18 Months
$5,000 – $500,000
Starting at 5.9%
3 – 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$500 - $35,000
5.9% - 39.9%
12 - 60 Months
$500 - $35,000
19.99% - 46.96%
9 - 120 Months
$500 - $20,000
19.99% - 46.8%
6 - 60 Months
$500 - $30,000
19.99% - 39.99%
6 - 120 Months
Up to $35,000
Starting at 5.15%
Varies
$1,500 - $12,500
19.99% - 34.99%
12 - 60 Months
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
$1,000 - $35,000
5.6% - 25.5%
36 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
No Lender found for Payday
Company
Amount
Interest Rate
Reviews
Terms
$3,500 - $49,500
8.99% - 29.5%
12 - 84 Months
$5,000 and up
9.9% – 31%
24 – 84 months
$5,000 - $40,000
Starting at 2.9%
12 - 72 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 and Up
Varies
Varies
$50,000 - Unlimited
Varies
Varies
$50,000 - Unlimited
Varies
Varies
$10,000 - $25,000
Varies
12 - 60 months
$50,000 - $100M
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$1,000 - $1,000,000
6% - 25%
3 - 24 Months
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$500 - $35,000
19.99% - 46.96%
9 - 120 Months
$500 - $30,000
19.99% - 39.99%
6 - 120 Months
Up to $35,000
Starting at 5.15%
Varies
$50,000 - Unlimited
Varies
Varies
$350 - $25,000
Varies
12 - 60 months
$50,000 - $100M
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$500 - $35,000
5.9% - 39.9%
12 - 60 Months
$500 - $20,000
19.99% - 46.8%
6 - 60 Months
$500 - $30,000
19.99% - 39.99%
6 - 120 Months
$1,500 - $12,500
19.99% - 34.99%
12 - 60 Months
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
$1,000 - $35,000
5.6% - 25.5%
36 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
No Lender found for Recreational Vehicles

Prince Edward Island Actualities

  • The recent official estimates put Prince Edward Island’s population at 143,000.
  • The educational interests of Prince Edward Island population lie mostly in health and related fields, visual and performing arts, and communications technologies, architecture, engineering, and related technologies.
  • Prince Edward Island’s major employment sectors are arts, entertainment and recreation, wholesale trade, finance and insurance.
  • As per the latest stats, an average inhabitant of Prince Edward Island makes $34,900 per month.
  • Based on the latest stats, Prince Edward Island reports 41,800 listed home owners.
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.

Our loans marketplace helps you find the right Restaurant Business Loan lenders in Prince Edward Island for all your financing needs.

Review our directory of Restaurant Business Loan companies to get access to the most current Restaurant Business Loan rates in Prince Edward Island.

Restaurant Business Loans are generally used for these goals to

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

etc.

Loan Types and Cities in prince-edward-island

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