Restauranteurs are finding it increasingly difficult to secure a traditional bank loan to open, expand, remodel or re-image their restaurant or franchise. Big banks see new restaurants especially as a risk and hesitate to offer funding for space, equipment, operations and other needs.
Luckily, alternative methods of financing are readily available for restauranteurs to fund their ventures. Before securing a restaurant loan through an alternate lender, it is important to ask pointed questions to ensure you are receiving a loan that fits your needs and expectations.
LeaseQ Vice President Cory Damm sat down with Steve Nicastro at Nerdwallet to discuss the top five questions to ask your lender before getting a restaurant loan. For more details, see the full article published in Huffington Post: http://www.huffingtonpost.com/nerdwallet/5-questions-to-ask-before_b_9206172.html. Enjoy the read!