Frequently Asked Questions

Find answers to common questions about restaurant funding, our application process, and repayment terms.

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General Questions

Fast Restaurant Funding is a specialized financing company that provides working capital specifically for restaurants and food service businesses. We offer flexible funding solutions including revenue-based funding and term loans, designed to meet the unique needs of the restaurant industry.

For revenue-based funding, you can get approved in as little as 4 hours and receive funds within 24-48 hours. For term loans, the process typically takes 2-6 weeks due to more extensive documentation requirements. Our fast approval process is designed specifically for restaurants that need quick access to working capital.

Yes! We work with all types of food service businesses including fast food restaurants, fine dining establishments, cafes, food trucks, catering companies, bars, bakeries, and franchises. Whether you're a single location or multi-unit operation, we have funding solutions that can work for your business.

No, there are no application fees, origination fees, or upfront costs to apply for funding. Our application process is completely free with no obligation. You only pay if you accept our funding offer and receive the money.

Application Process

Simply fill out our online application form, which takes about 10-15 minutes to complete. You'll need basic information about your restaurant, financial details, and the funding amount you're seeking. After submission, one of our funding specialists will contact you within 4 hours during business hours.

For revenue-based funding, we typically need 3-6 months of bank statements and basic business information. For term loans, additional documentation includes tax returns (2 years), profit & loss statements, balance sheets, and legal documents like business licenses. Our team will guide you through exactly what's needed for your specific situation.

Initially, we perform a soft credit check which does not impact your credit score. Only if you decide to move forward with funding will we perform a hard credit inquiry, which may have a minimal impact on your score. We'll always inform you before any hard credit pulls.

After submission, you'll receive an email confirmation and a dedicated account manager will be assigned to your application. They'll contact you within 4 hours to review your needs, answer questions, and guide you through the next steps. Our team will keep you informed throughout the entire process.

Funding Options

Revenue-based funding provides quick access to capital (24-48 hours) with repayments based on a percentage of your daily sales. Term loans offer larger amounts ($25K-$250K) with fixed monthly payments over 3-7 years. Revenue-based is ideal for immediate working capital needs, while term loans are better for major expansions or equipment purchases.

Funding amounts depend on your restaurant's monthly revenue, credit profile, and time in business. Revenue-based funding ranges from $5,000 to $250,000, while term loans range from $25,000 to $250,000. Generally, you can qualify for 2-6 months of your average monthly revenue, depending on the funding type and your qualifications.

You can use funding for any legitimate business purpose including working capital, inventory purchases, equipment upgrades, renovations, marketing campaigns, staff expansion, opening new locations, or covering unexpected expenses. The funds provide flexibility to grow and manage your restaurant business.

Yes, we work with newer restaurants! For revenue-based funding, restaurants typically need to be open for at least 6 months with steady credit card sales. For term loans, we generally require 2+ years in business. However, experienced restaurant operators opening new locations may qualify with less operating history.

Repayment

With revenue-based funding, we automatically collect a small, fixed percentage (typically 10-18%) of your daily credit card sales until the advance is fully repaid. On busy days you pay more, on slower days you pay less. This flexible structure aligns payments with your restaurant's cash flow.

Yes! There are no prepayment penalties for early payoff. For revenue-based funding, you can pay off the remaining balance at any time with a discount. For term loans, you can pay extra toward principal or pay off the entire balance early without penalty, potentially saving on interest costs.

Revenue-based funding is designed for this exact situation! Since payments are based on a percentage of sales, your payments automatically decrease during slower periods. For term loans with fixed payments, we can work with you to modify payment schedules temporarily if you experience unexpected challenges.

For revenue-based funding, repayment typically takes 6-18 months depending on your sales volume and collection percentage. Term loans have fixed repayment periods of 3-7 years. The exact timeframe depends on your restaurant's performance and the specific terms of your funding agreement.

Requirements

Minimum requirements vary by funding type. For revenue-based funding: 1+ years in business, $25,000+ monthly revenue, and regular credit card sales. For term loans: 1+ years in business, $250,000+ annual revenue, 650+ credit score, and profitable operations. Based in the United States. We evaluate each application individually and may make exceptions for strong candidates.

No! While term loans typically require a 650+ credit score, revenue-based funding has much more flexible credit requirements. We focus more on your restaurant's cash flow and sales performance than just credit scores. Even restaurants with challenged credit may qualify for revenue-based funding.

Revenue-based funding is unsecured and requires no collateral. For term loans, collateral requirements depend on the loan amount and your qualifications. Smaller loans may be unsecured, while larger amounts might require business assets or personal guarantees as security.

Absolutely! We work with many franchise restaurants including McDonald's, Subway, Pizza Hut, and hundreds of other franchises. Franchise operations often have more predictable cash flows, which can actually improve your qualification chances. We understand franchise agreements and can work within their requirements.

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