Ontario Restaurant Small Business Loan

Navigating the road to growth as a small business owner is no easy task. At Driven, we understand the challenges you face and the importance of sustaining momentum in Ontario’s competitive culinary scene.

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*Pricing for term loans ranges from 3.9%, cents on the dollar (for each dollar borrowed, the amount of interest paid ranges from $0.039).
**Businesses demonstrating strong performance and possessing a credit score above 750 may be eligible for these reduced rates.de of a div block.

Ontario Restaurant Small Business Loan

Navigating the road to growth as a small business owner is no easy task. At Driven, we understand the challenges you face and the importance of sustaining momentum in Ontario’s competitive culinary scene.

Thinking Capital is Now Driven

Restaurant small business loans you can count on

Apply in Minutes

Get the capital you need, between $10,000 and $300,000. Express funding available up to $20,000.

Always-On Support

24/7 availability, online and offf

Exprience You Can Trust

Drive has lent over $1 billion to more than 17,000 Canadian businesses since 2006

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Ontario Restaurant Small Business Loans

We understand how difficult it may be to expand your restaurant year after year as a small business owner. Due to the unpredictability of seasonal fluctuations, entrepreneurs like you must plan ahead to ensure that you have the financial resources to meet unexpected expenses.

Perhaps you want to train your employees, invest in higher-quality equipment, ensure your kitchen is fully stocked, or expand your services to serve more consumers; whatever the reason, we recognise that getting a business loan through the banks isn't always easy. If you are a Canadian restaurant owner dismayed by the expenses, we’ve got the capital solution for you.

Driven offers restaurant business loans of up to $300,000 with a variety of flexible payment options, providing entrepreneurs with the capital they need to build the best possible culinary experience. Our application process is quick and easy, allowing you to access the funding you require in as little as 24 hours.

How can a restaurant business loan help me?

Staffing

In order to keep your restaurant running smoothly, you need to make sure you have the right team for the job. Use a restaurant business loan to bring on the people you need, when you need them. We help you invest in building and growing your team on your terms.

Equipment

Ensure that you have all the necessary equipment you need to have your kitchen running at full capacity. Could it be that you need to upgrade or replace your stove, oven, fryer, or another necessary apparatus? Leverage a restaurant business loan to ensure you keep all of your equipment up-to-date.

Inventory

As a restaurant owner, you need to maintain a steady inventory to meet the demand of your customers. You don’t want to run into a situation where you can’t fulfill the orders of your most popular menu items due to a lack of inventory. Having proper inventory management is an important trait of any responsible business owner. Leveraging a restaurant business loan provides your business with the confidence and security that you can deliver on your promises to your customers, and builds a trustworthy brand.

Interesting facts of the restaurant industry in Canada

  • According to Statistics Canada, sales in the food services and drinking places subsector fell in 2020 in the wake of lockdowns, limited dine-in options during the pandemic and fewer customers. Businesses stemmed part of their losses by laying off of employees, expanding take out service and applying for government assistance programs.
  • According to the latest Restaurants Canada survey conducted in July, 8 out of 10 foodservice business operators said they’ve taken on new debt over the course of the past 17+ months of the ongoing COVID-19 crisis.
  • More than a quarter (26%) of single-unit restaurant operators who said they took on new debt during the pandemic said their business will not be able to recover unless current conditions change.

Tailored Solutions for Your Restaurant

Every restaurant has its own story, its own flavors, and its own ambitions. At Driven, we believe in crafting customized solutions that align with your unique vision and goals. Whether you're seeking to renovate your space, expand your menu, or enhance your marketing efforts, our flexible financing options are here to support your journey every step of the way.

Ready to Elevate Your Culinary Vision?

The time to realize your restaurant's full potential is now. Discover how Driven can help you turn your culinary dreams into reality. Contact us today to explore your financing options and embark on a transformative journey toward excellence. Together, let's create unforgettable dining experiences and leave a lasting imprint on Ontario's vibrant food scene.

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See if Your business qualifies

See if your business qualifies.

If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.

Minimum Requirements

Time in Business

6 months

Credit Score

600 +

Annual Revenue

$120,000

Location

Canada

Business Bank Account

Required

Validly existing as a corporate entity

Required

Minimum Requirements

  • 600+ FICO score
  • 6 months in business
  • $120,000 annual revenue
  • Business bank account required
  • Business is operating in Canada
  • Validly existing as a corporate entity

What you need to apply

  • Basic details about you and your business
  • Bank connection or bank statements for past 6 months
  • Business is in good standing

See if Your business qualifies

See if your business qualifies.

If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.

Minimum Requirements

Time in Business

6 months

Credit Score

600 +

Annual Revenue

$120,000

Location

Canada

Business Bank Account

Required

Minimum Requirements

  • 600+ FICO score
  • 6 months in business
  • $120,000 annual revenue
  • Business bank account required
  • Business is operating in Canada

What you need to apply

  • Basic details about you and your business
  • Bank connection or bank statements for past 3 months
  • Business is in good standing
Get Funded
Get Funded
Connect with an Advisor

How it works

01

Apply in 3 simple steps and
get pre-approved instantly

Our all-digital credit application process is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. We ask you to securely connect your online banking information. And as soon as you're done, we'll tell you exactly how much you can borrow - all without hurting your credit score.

02

Draw what you need, when you need it

When your application is complete, you'll know exactly how much you can borrow, but only you know how much you actually need right now. Make individual draws from within your overall business loan limit, each with their own fixed fees and terms. All pricing is up front, with nothing hidden in the small print.

03

Use our support for whatever you need

Choose the repayment schedule that makes sense for your business—from daily, or weekly payments, or pay early to save on interest. Borrow between $10,000 and $300,000 on 3, 4, 6, 9, 12, 18 or 24 month terms, with absolutely no hidden fees.

Get Funded
Get Funded
Connect with an Advisor

Don't just take our word for it

Over 900+ glowing customer reviews

Take your business forward

Fast funds are ready for you, from $5000 to $300,000, for whatever your business needs.
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