The high costs involved in opening and/or running a restaurant today indicate that you cannot rely on your savings or assets for business capital. You would require the backing that only a business loan can bring. Now, applying for such funding is a huge decision and one that needs to be taken with careful consideration. You would also want to avoid certain pitfalls that might stand in the way of your financing.
To help you out, we have listed 5 major mistakes that you need to avoid when applying for a restaurant business loan.

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