BizFund- Business Financing for Bars and Restaurants

BizFund offers specialized financing solutions tailored to the unique needs of bars and restaurants in Canada, addressing challenges such as high start-up costs, thin profit margins, and fluctuating cash flow.
  • BizFund
Overview of the BizFund- Business Financing for Bars and Restaurants program:

BizFund's financing options are designed to support various aspects of restaurant operations, including: Expansion and Growth: Funding for opening new locations, renovating existing spaces, or entering new markets. Equipment Purchases and Upgrades: Capital for acquiring or upgrading kitchen appliances, furniture, and technology systems to improve efficiency. Working Capital and Cash Flow Management: Resources to cover day-to-day expenses such as payroll, inventory, and utilities, ensuring smooth operations even during slower periods. Funding Amount The funding amount is customized based on the specific needs and financial health of the restaurant. BizFund assesses each application to offer a financing package that aligns with the establishment's objectives and repayment capacity.

Benefits of the BizFund- Business Financing for Bars and Restaurants program:
  • Quick Access to Funds: Receive funding promptly to address immediate business needs.
  • Flexible Repayment Terms: Repayments are aligned with sales performance, easing cash flow management.
  • Minimal Documentation: Streamlined application process with less extensive paperwork compared to traditional loans.
  • Support for Various Business Needs: Utilize funds for equipment purchases, renovations, marketing initiatives, and more
Eligibility criteria of the BizFund- Business Financing for Bars and Restaurants program:
  • Eligibility criteria include:
  • Business Operations: Bars and restaurants operating within Canada.
  • Revenue Streams: Consistent credit card sales, as repayments are tied to daily sales volumes.
  • Financial Health: Demonstrated ability to manage repayments based on sales performance.
Request Funding Information

Related Funding Opportunities

Explore similar funding opportunities that match your goals.

Research and Development Tax CreditOPEN
  • New Brunswick Department of Finance
General LoansOPEN
  • Two Rivers Community Development Centre
Wellness Grant FundOPEN
  • Canadian Mental Health Association
Aquaculture Loans and Loan GuaranteesOPEN
  • New Brunswick Department of Agriculture, Aquaculture and Fisheries

Other Grants and Funding by Region

Industry R&D AssociatesOPEN
  • Alberta Innovation - Technology Futures
Rho Capital PartnersOPEN
  • Rho Capital Partners
Yukon GrantOPEN
  • Yukon Department of Education
Traditional Economy FundOPEN
  • Kivalliq Inuit Association
Business Development Program (Agriculture)OPEN
  • Department of Agriculture and Fisheries PEI
Market Access ProgramOPEN
  • Saskatchewan Trade & Export Partnership
Venture-Capital Ready program OPEN
  • Boundless Accelerator™

More Grants and Funding by Industry

FundThroughOPEN
  • Fundthrough
Youth Internships in Northern OntarioOPEN
  • Government of Canada
Market Readiness CriteriaOPEN
  • Tourism New Brunswick
YOUNG ENTREPRENEUR LOANOPEN
  • Prescott-Russell
Community Futures SagehillOPEN
  • Community Futures Sagehill
NextStep Program for Indigenous WomenOPEN
  • Western Economic Diversification Canada
BDC Working Capital Term LoanOPEN
  • Business Development Bank of Canada
Canada Apprentice LoanOPEN
  • Government of Canada
Go NB Grant ProgramOPEN
  • Government of New Brunswick