Business Loans and Financing for Bars and Restaurants in Montreal, Quebec

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.

Montreal Facts

  • The employment rate in Montreal is 60%.
  • Montreal’s leading hiring sectors are health care and social assistance, management of companies and enterprises, real estate and rental and leasing.
  • Montreal incorporation year: 1832 is a municipality in Southern Quebec. Montreal’s population: 1,705,000.
  • As per the most recent stats, on the average each Montreal resident makes $39,700 per month.
  • As per the most up-to-date available information, there are 286,000 listed homeowners in Montreal.
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 platform provides you with access to reliable Restaurant Business Loan providers in Montreal for all your borrowing needs.

Browse through our list of Restaurant Business Loan companies to find current Restaurant Business Loan rates in Montreal

For Restaurant Business Loans most typical use cases are:

  • invest in restaurant equipment upgrades
  • buy new restaurant equipment and improve food quality
  • buy new deep fryers for your restaurant
  • add a patio or additional space in your restaurant
  • upgrade the ventilation hoods in the kitchen
  • add more efficiency to your food processes
  • get a new refrigerator & freezer
  • pay employee salaries and wages

Elite Trusted Lenders

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