Business loans for restaurants and cafés

Business loans for restaurants and cafés

It only takes 1 minute to apply, you'll be notified within 1 hour and the money will be paid out the same day. Amazing, isn't it?

How do I get a loan for a restaurant and café?

It's quite simple! You create a free and non-binding application with us at Qred. That's how it works:

1. The application takes 1 minute
2. You will be notified within 1 hour
3. The money is paid out the same day

The loan has...

• No start-up fee
• No binding time
• No hidden costs

Welcome to submit an application!

Restaurants and cafés play an important role in Norwegian society, but it's no secret that the hospitality industry often faces financial challenges. Whether you're starting a new café, expanding an existing restaurant, or covering day-to-day running costs, business loans could be the solution. At Qred Bank, which has specialized in financing for small and medium-sized businesses since 2015, you get a simple, fast and flexible loan process. With the ability to borrow up to 5 million NOK and a fixed monthly fee, it's easy to plan your finances.

Why choose business loans for restaurants and cafés?

Business loans for restaurants and cafés are specially adapted to the needs of the hospitality industry. The industry is characterized by seasonal variations, large investments in equipment and materials, and the need to continuously adapt to new trends and customer wishes. A business loan can provide the necessary capital to meet these challenges.

At Qred Bank, business loans are quick and easy to apply for. You'll be notified within an hour of submitting your application and the money can be paid out the same day. The loan has no lock-in period, which means you can repay when it best suits your business.

How to use business loans for the hospitality industry?

There are many ways to use a business loan for your restaurant or café. Here are some common examples:

• Starting up a café or restaurant
  A business loan can cover the high start-up costs, such as renting premises, buying kitchen equipment and furnishings.
• Expansion of existing business
  Are you planning to open a new branch or do you want to increase your capacity? Financing restaurants and cafés can help you realize your growth plans.
• Cover daily expenses
  To ensure smooth operations, a loan can be used to cover salaries, purchasing raw materials or paying bills.
• Marketing and customer experience
  Invest in better marketing or upgrade your interior design to attract more customers.

Whatever your specific needs, business loans from Qred Bank can help strengthen your restaurant or café.

How to get a business loan for your restaurant or café?

Getting a restaurant and café business loan is easy at Qred Bank. The whole process is digital and you can submit your application whenever it suits you. Here's how it works:

1. Submit your application online
   Fill out a short application on Qred's website, providing relevant information about your business and the desired loan amount.
2. Get an answer within an hour
   Qred Bank assesses your application quickly and gives you feedback within an hour.
3. Receive the money the same day
   If the loan is approved, you can have the money paid out to your account the same day.
4. Repay flexibly
   With a fixed monthly fee and no lock-in period, you can repay the loan at your own pace.

The benefits of business loans for restaurants and cafes from Qred Bank

There are many reasons why Qred Bank is a good choice for café and restaurant financing:

• Fast access to capital
  You'll be notified within an hour and the money the same day, giving you the opportunity to react quickly to financial needs.
• Fixed monthly fee
  Predictable costs give you peace of mind and better control over your finances.
• No lock-in period
  You can repay the loan whenever you want, at no extra cost.
• Adapted to the hospitality industry
  Business loans are developed with the specific challenges and needs of the hospitality industry in mind.

Who are business loans for restaurants and cafés suitable for?

Business loans for restaurants and cafés are suitable for a wide range of businesses in the hospitality industry, including:

• Start-up cafés that need capital to establish themselves.
• Restaurants looking to upgrade their kitchen or interior.
• Coffee shops that need funds to purchase raw materials or equipment.
• Hospitality venues looking to expand their operations with additional departments or new concepts.

Frequently asked questions about business loans for restaurants and cafes

What are business loans for the hospitality industry?
Business loans for the hospitality industry are customized loans that help restaurants, cafés and other hospitality venues manage financial needs such as start-up, operations or growth.

How to get a business loan for your restaurant or café?
You can easily apply for a business loan online at Qred Bank. The application is processed quickly and you'll get an answer within an hour.

How much can I borrow to run a restaurant?
At Qred Bank, you can borrow up to NOK 5 million, depending on the needs and situation of your business.

What does it cost to repay the loan early?
There are no extra costs for early repayment with Qred Bank. You can repay the loan whenever it suits you.

What types of businesses can get business loans for cafes and restaurants?
The loans are available for different types of businesses in the hospitality industry, including cafes, restaurants, coffee shops and other hospitality venues.