Events

Securing Adequate Restaurant Financing

Chicago City Hall 121 N. LaSalle, Rm. 805 Chicago, IL
23 Jul 2014 3:00 pm

Presented by Thomas Abraham, Ridgestone Bank and Lema Khorshid, Fuksa Khorshid, LLC

Finding enough financing for a new restaurant can be a major hurdle. In this portion of the workshop, we will first discuss how to estimate your start-up costs by looking at expenses like potential renovations, employee wages, marketing capital, and commercial kitchen equipment. We will then explore different sources of financing, such as personal resources, private investors, and small business loans. You will also learn about the basic loan application process, including what details to add into your business plan and how to prepare for your bank interview.