SBA Loans for Restaurants & Food Service

Fueling Culinary Dreams: Meridian SBA Loans for Restaurants & Food Service

Starting or growing a restaurant or food service business can be a dream come true for many entrepreneurs. However, from location costs to kitchen equipment, the financial demands can be steep. That’s where the Meridian SBA team comes to the rescue.

Why Consider a Meridian SBA Loan for Your Restaurant?

Location & Renovation

Whether you’re leasing a space in a bustling city center or purchasing a charming building on the outskirts, a Meridian SBA loan can cover your real estate expenses. Need to renovate your restaurant’s interiors or expand its outdoor seating? A Your Meridian SBA Team is here to help.

Equipment Purchases

Ovens, grills, refrigeration units, POS systems — the list of essential equipment can be long. With our tailored Meridian SBA loans, you can procure the latest and greatest without draining your resources.

Working Capital

From hiring trained staff to procuring quality ingredients, running a restaurant requires consistent cash flow. Use your Meridian SBA loan as a cushion against unpredictable revenues or to finance day-to-day operations.

Ready to Serve up Success?

Every culinary entrepreneur deserves a chance to shine. From fine dining to fast food, Meridian’s experienced Meridian SBA Team has the ingredients for your personal recipe for success. Get cooking. Contact our Meridian SBA Team today!

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An SBA loan from Meridian Bank can be used to:

Up to $10 million
Up to 90% financing
Up to 25 years fully amortized
Owner-user to occupy at least 51% of existing building and at least 67% of new construction
First and second mortgages are assumable to qualified borrowers

Up to $5 million
Up to 90% financing (10% cash down)
Up to 10 years fully amortized

Up to $5 million
Up to 25 years fully amortized for real estate
Up to 10 years fully amortized for non-real estate

Up to $5 million
Up to 100% financing
Up to 10 years fully amortized

Up to $5 million
Includes line of credit
Up to 10 years fully amortized

The benefits of a Meridian SBA loan include:

High leverage with minimal cash investment

Longer terms to minimize debt service

Flexible underwriting requirements

Easier qualification

Lower down payments

Less collateral than most conventional loans

Types of SBA Loans:

Up to $5 million
Finance the start-up of a franchise: purchase, renovate, construct and refinance
Loan amounts from $350,000 to $5 Million
Loan terms from 7 to 25 years
Highly competitive rates and fees
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Loan amounts from $50,000 to $500,000
Loan terms up to 7 years
Great option for small businesses who need financing decisions quickly
Loan can also be used as a revolving line of credit

Loan amounts up to $500,000
Line of credit or term loan
Designed specifically for exporters with at least 1 year in business

Loan amounts from $5 million
Designed for larger exporters in need of working capital to support sales

Loan amounts from $350,000 to $5,000,000
Loan terms from 7 to 25 years
Loan can be used to fund working capital, equipment and/or real estate to support growing export sales and international trade

Supports small businesses to meet their short term working capital needs.
Businesses must have been operating for at least one year. The CAPLine program features multiple lines of credit for specific uses:
Working CAPLine: Secured by your receivables and inventory
Contract CAPLine: Finances up to 100% of labor and material costs to fulfill a specific contract
Seasonal CAPLine: Finances seasonal increases of inventory or increased labor costs

For real estate acquisition or expansion; working capital; purchase of business, machinery, equipment, furniture and/or fixtures
Up to $10 million
Up to 90% financing
Up to 30 years fully amortized for real estate
Up to 15 years fully amortized for equipment
Owner-user occupied real estate

Recent Deals

New Franchise Location

Pittsburgh

$2,400,000 SBA 7(a) loan to provide funds to open a new Museum of Illusions franchise location

All tenant improvements, FF&E, soft costs and working capital needs were included in loan budget
90% financing of total project costs
Referred to Meridian by customer’s attorney who had successfully worked with our SBA team previously

Multiple-location Toy Store

Delaware Beaches

$750,000 SBA 7(a) loan to refinance business debts and purchase new inventory

Provided significant cash flow and interest cost savings on refinance
Line of credit also provided for long-term working capital needs
Referred to SBA team from another line of business at Meridian

Generator Distributor / Installer

$1,700,000 SBA 7(a) loan to buy business via asset purchase

90% financing of total budget including closing costs and working capital
Line of credit also provided for long-term working capital needs
Referred to Meridian by M&A intermediary who had the sale listing

Medical Equipment Supplier

West Chester, PA

$1,130,000 SBA 7(a) loan to purchase commercial real estate

Allowed the customer to trade their lease for a mortgage
Closing costs and working capital included in loan budget
Referred to Meridian by customer’s real estate broker

Ecosystem Restoration Company

Southwest Florida

$4,800,000 SBA 7(a) loan for an existing key employee to purchase the business

85% financing of total project costs
SBA express line of credit also provided for ongoing working capital needs
Referred to Meridian by sell-side M&A intermediary

Full-Service Medical Spa

Media, PA

$1,700,000 SBA 7(a) loan for commercial real estate purchase and renovations

Property improvements and closing costs included in loan budget
Referred to Meridian by local loan advisor and intermediary
90% financing with a fully amortizing 25-year term

Electrical Contractors

South Jersey

$1,000,000 SBA 7(a) loan to purchase remaining shares of company (partner buy-out)

Closing costs and additional working capital included in loan budget
100% financing of total project costs
SBA express line of credit also provided for ongoing working capital needs

Glass Manufacturer

South Jersey

$1,150,000 SBA 7(a) Loan and $200,000 Line of Credit

Business acquisition of local competitor
Current Meridian customer who used SBA financing for strategic growth purchase
90% loan to total project costs with full 10-year term and amortization

Childcare Center

Allentown, PA

$675,000 SBA 7(a) Loan

Commercial real estate purchase and business acquisition of facility nearby their current location
Referred to Meridian by their commercial realtor
90% loan to total project costs with full 25-year term and amortization

Private Practice Attorney

Philadelphia, PA

$950,000 SBA 7(a) Loan

Commercial real estate purchase of existing leased location
PPP customer who switched to Meridian from a large national bank
95% loan to total project costs with full 25-year term and amortization

Dance Academy

Hershey, PA

$855,000 SBA 7(a) Loan

Commercial real estate and business purchase
Referred to Meridian by seller’s wealth advisor
90% loan to full project costs with full 25-year term and amortization

Restaurant & Caterer

Maryland

$4,990,000 SBA 7(a) Loan

Commercial real estate purchase of existing leased location
Refinanced current business debts
95% LTV with full 25-year term and amortization

Biotech Company

Delaware County, PA

$1,350,000 SBA 7(a) Loan

Commercial real estate acquisition, property improvements and equipment purchases
Referred to Meridian by commercial real estate broker
90% loan to full project costs with full 25-year term and amortization

Music School Franchise

Princeton, NJ

$725,000 SBA 7(a) Loan

Commercial real estate purchase
95% loan to gross project costs financed
Meridian also provided an SBA Express Line of Credit to help manage operational cash flow

Manufacturing Co

Telford, PA

$1,180,000 SBA 7(a) Loan

Business acquisition and commercial real estate purchase
90% loan to gross project costs financed
Meridian also provided an SBA Express Line of Credit to help manage operational cash flow

Financial Planner

Plymouth Meeting, PA

$950,000 SBA 7(a) Loan

Commercial real estate purchase and construction financing to purchase and improve a historic office building
95% loan to gross project costs financed
Meridian also provided an SBA Express Line of Credit to help manage operational cash flow

New Franchise Location

Pittsburgh

$2,400,000 SBA 7(a) loan to provide funds to open a new Museum of Illusions franchise location

All tenant improvements, FF&E, soft costs and working capital needs were included in loan budget
90% financing of total project costs
Referred to Meridian by customer’s attorney who had successfully worked with our SBA team previously

Multiple-location Toy Store

Delaware Beaches

$750,000 SBA 7(a) loan to refinance business debts and purchase new inventory

Provided significant cash flow and interest cost savings on refinance
Line of credit also provided for long-term working capital needs
Referred to SBA team from another line of business at Meridian

Generator Distributor / Installer

$1,700,000 SBA 7(a) loan to buy business via asset purchase

90% financing of total budget including closing costs and working capital
Line of credit also provided for long-term working capital needs
Referred to Meridian by M&A intermediary who had the sale listing

Medical Equipment Supplier

West Chester, PA

$1,130,000 SBA 7(a) loan to purchase commercial real estate

Allowed the customer to trade their lease for a mortgage
Closing costs and working capital included in loan budget
Referred to Meridian by customer’s real estate broker

Ecosystem Restoration Company

Southwest Florida

$4,800,000 SBA 7(a) loan for an existing key employee to purchase the business

85% financing of total project costs
SBA express line of credit also provided for ongoing working capital needs
Referred to Meridian by sell-side M&A intermediary

Full-Service Medical Spa

Media, PA

$1,700,000 SBA 7(a) loan for commercial real estate purchase and renovations

Property improvements and closing costs included in loan budget
Referred to Meridian by local loan advisor and intermediary
90% financing with a fully amortizing 25-year term

Electrical Contractors

South Jersey

$1,000,000 SBA 7(a) loan to purchase remaining shares of company (partner buy-out)

Closing costs and additional working capital included in loan budget
100% financing of total project costs
SBA express line of credit also provided for ongoing working capital needs

Glass Manufacturer

South Jersey

$1,150,000 SBA 7(a) Loan and $200,000 Line of Credit

Business acquisition of local competitor
Current Meridian customer who used SBA financing for strategic growth purchase
90% loan to total project costs with full 10-year term and amortization

Childcare Center

Allentown, PA

$675,000 SBA 7(a) Loan

Commercial real estate purchase and business acquisition of facility nearby their current location
Referred to Meridian by their commercial realtor
90% loan to total project costs with full 25-year term and amortization

Private Practice Attorney

Philadelphia, PA

$950,000 SBA 7(a) Loan

Commercial real estate purchase of existing leased location
PPP customer who switched to Meridian from a large national bank
95% loan to total project costs with full 25-year term and amortization

Dance Academy

Hershey, PA

$855,000 SBA 7(a) Loan

Commercial real estate and business purchase
Referred to Meridian by seller’s wealth advisor
90% loan to full project costs with full 25-year term and amortization

Restaurant & Caterer

Maryland

$4,990,000 SBA 7(a) Loan

Commercial real estate purchase of existing leased location
Refinanced current business debts
95% LTV with full 25-year term and amortization

Biotech Company

Delaware County, PA

$1,350,000 SBA 7(a) Loan

Commercial real estate acquisition, property improvements and equipment purchases
Referred to Meridian by commercial real estate broker
90% loan to full project costs with full 25-year term and amortization

Music School Franchise

Princeton, NJ

$725,000 SBA 7(a) Loan

Commercial real estate purchase
95% loan to gross project costs financed
Meridian also provided an SBA Express Line of Credit to help manage operational cash flow

Manufacturing Co

Telford, PA

$1,180,000 SBA 7(a) Loan

Business acquisition and commercial real estate purchase
90% loan to gross project costs financed
Meridian also provided an SBA Express Line of Credit to help manage operational cash flow

Financial Planner

Plymouth Meeting, PA

$950,000 SBA 7(a) Loan

Commercial real estate purchase and construction financing to purchase and improve a historic office building
95% loan to gross project costs financed
Meridian also provided an SBA Express Line of Credit to help manage operational cash flow