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-   -   Capital for a small restaurant (https://www.askmehelpdesk.com/showthread.php?t=686666)

  • Jul 24, 2012, 02:05 PM
    midwesttech
    Capital for a small restaurant
    I have a cool diner and looking for capital to grow my diner that is 50/60 show place. The Diner is a year old. The Pink Poodle. Thank You
  • Jul 24, 2012, 02:07 PM
    midwesttech
    Quote:

    Originally Posted by midwesttech View Post
    I have a cool diner and looking for capital to grow my diner that is 50/60 show place. The Diner is a year old. The Pink Poodle. Thank You

    We would like to borrow 20,000.00
  • Jul 24, 2012, 02:13 PM
    midwesttech
    Quote:

    Originally Posted by midwesttech View Post
    I have a cool diner and looking for capital to grow my diner that is 50/60 show place. The Diner is a year old. The Pink Poodle. Thank You

    Please advise
  • Jul 24, 2012, 02:15 PM
    Curlyben
    What would you like advice about ?
  • Jul 24, 2012, 02:15 PM
    Wondergirl
    Have you talked to local bankers?
  • Jul 24, 2012, 02:51 PM
    Fr_Chuck
    20,000 is not much to do anything with a restaurant, what do you plan to do with the money. I mean a remodel of a restaurant will be 200,000 or more for a real update. 20,000 is not even operating money for a month for most

    What is it you plan to do?
  • Jul 24, 2012, 05:54 PM
    ScottGem
    Prepare a business plan that show the income currently generated by the diner and how the $20K will increase revenue so that you can pay back the loan. Then take this plan and present it to local commercial bankers. Also talk to your chamber of commerce for recommendations. There might be government loans available to fix up your area.

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