Starting a restaurant is a risky venture with a high rate of failure, even with Louisville on Southern Living's recent "Top 10 Food City" list. For this reason lenders are hesitant to approve loans for restaurants.
For this workshop we've asked Perry Dunn from Huntington Bank to share what they want an owner to have before approving a loan.
Franchise vs Non-Franchise
SBA 7(a) loan overview
Down Payment Requirements
What Constitutes Equity
Leasing vs. purchasing real estate