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How do you get funding to acquire a restaurant?

I'm the CFO of a restaurant group... we can get traditional financing because of our size and audits, etc... however, I'm looking at smaller/one location restaurants to purchase and most of them do not have legitimate financials - a lot of cash on both sales and expenses seem to be kept off of the books - so this will not fly with a bank. I know of people who have found private investors and yet when I see things online they are always referencing gmail accounts and things that are non-descript promising loans of 2%, etc... I'd love to fund a 10 year at 2%, but not thinking that is legit - so what is legit for private funding in this realm? I'm personally strong with an excellent credit score and a personal debt to income ration in the mid teens (so very low) but the bank needs their financials regardless of what I bring to the table!

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Answers (7)
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Carson Grant Loan Company
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Feb 11, 2017
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Jan 14, 2017
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Nov 14, 2016
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Nov 14, 2016
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Nov 6, 2016
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Oct 14, 2016
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Cook County, IL

Brett, where is the restaurant located? How long has it been in business and how much do you need to purchase it? Send further information to midwest54@aol.com if you're interested and I'll let you know which program would work best for your situation or if I can even help you at all.
Thanks,
Matt

Sep 26, 2016

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