"Restaurant Owner? Here's How to Apply for a Line of Credit

Managing a restaurant is no cakewalk. The margins are tight, the costs vary, and unexpected events (such as a refrigeration breakdown) can occur at any moment. For this reason, an increasing number of restaurant operators are opting to secure a line of credit even when they do not necessarily need one yet.

It's a line of credit for a business. It's a safety net. You borrow what you need, and repay just the interest. It's far preferable to racking up a huge credit card with a high interest rate in case something unexpected arises.
But timing is crucial. Don't delay till a cash shortage strikes. The best time to apply is when your credit score and revenue are stable and consistent. That gives you the best chance for a high credit limit and low rate.