Straightforward Answers

It's the most commonly used restaurant financing method. Lenders are willing to accept risk since the U.S. government is part of the guaranty.

Unsecured lending is necessary when the business is not cash flow positive or has not operated long enough to have profit and loss statements that show the cash flow supports the loan.

No. This program is only available to U.S. citizens and permanent legal residents (green card holders) of this country. There is no exception.

An unsecured line of credit is available from the We Sell Restaurants resources ranging from $20,000 to $200,000 depending on your credit quality.

For business only loans, we typically see 10% t0 20% for a down payment. For Real Estate transactions, it is routinely lower - generally 10%.

We Sell Restaurants works with Preferred SBA lenders that offer approvals within 10 days and routinely close on transactions in under 60 days. Unsecured loans can be approved in 24-48 hours and funded in 30 -45 days.

Some owners will finance a loan to buy their restaurant. They typically request a much larger down payment (as much as 50%) and shorter repayment plans (around 5 years).

SBA lenders like to see experience but often approve candidates that have a management background but not necessarily restaurant experience. Unsecured lenders do not require experience. Owners financing a business usually want to see experience.