With the second largest economy in Canadian cities, Montreal hosts various bars and restaurants that can’t be found anywhere else. These restaurants are essential to the experience of Montreal so it’s common that bar and restaurant owners utilize business loans for bars and restaurants in order to supply additional working capital or financing to bar or restaurant owners. If a business loan interests you, you can scroll down to learn more about a business loan for a bar or restaurant in Quebec and how you can apply for one.
First off, before proceeding to the application phase, you need to be aware that your bar or restaurant must have been operational for at least 6 months and have generated at least $5000 in monthly revenue in order to qualify for a loan. In other words, if you have a track record that shows you’ve already garnered a growing and loyal customer base for your bar or restaurant, you’ll be able to qualify for a business loan that can help you elevate it to the next level.
Bar and restaurant owners commonly utilize business loans to invest in marketing, bars, diners, food establishments, equipment upgrades, renovations, financing for patios and other forms of expansion.
We recommend that you first comparing terms, rates and offers, that we’ve listed out in the Smarter Loans directory. Through exploring your options, if you identify one that works for you, you can apply directly from there by clicking “apply now” beside your chosen provider in order to apply directly to that provider. if you are in a hurry, pre-apply instead with Smarter Loans and we’ll source options based on your unique requirements, then assign you a provider based out of Montreal.