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    midwesttech's Avatar
    midwesttech Posts: 3, Reputation: 1
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    #1

    Jul 24, 2012, 02:05 PM
    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
    midwesttech's Avatar
    midwesttech Posts: 3, Reputation: 1
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    #2

    Jul 24, 2012, 02:07 PM
    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
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    midwesttech Posts: 3, Reputation: 1
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    #3

    Jul 24, 2012, 02:13 PM
    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
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
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    #4

    Jul 24, 2012, 02:15 PM
    What would you like advice about ?
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #5

    Jul 24, 2012, 02:15 PM
    Have you talked to local bankers?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #6

    Jul 24, 2012, 02:51 PM
    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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #7

    Jul 24, 2012, 05:54 PM
    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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