Mesashore Finance helps Texarkana, Arkansas restaurants request funding for equipment, build-outs, second locations and purchases. Miller County, AR had 49 restaurants and other eating places with employees in 2023 (County Business Patterns); funding partners review each request.
At a glance
- Restaurants and other eating places, Miller County, AR
49 employers, 883 employees (CBP 2023)
- Limited-service restaurants, Miller County, AR
25 employers (CBP 2023)
- Full-service restaurants, Miller County, AR
19 employers (CBP 2023)
- Restaurant payroll, Miller County, AR
$18.3 million (CBP 2023)
Loans for Restaurants Replacing a Walk-In Cooler in Texarkana, AR
A walk-in cooler that fails takes stock with it and can close a kitchen until it is fixed. Replacing it means the box or the panels, a condensing unit, refrigeration lines and installation. Equipment financing covers the unit; ask whether installation and electrical work can be included.
Illustration only, invented figures: a $24,000 walk-in replacement, financed over 48 months at an invented annual rate of 11%, would cost about $620 a month and about $29,774 in total (our arithmetic). The article on hoods and walk-ins compares three ways to pay for one.
Restaurant Funding for Kitchen Hoods and Patio Build-Outs in Texarkana, AR
A kitchen hood system brings the hood, fire suppression, make-up air and ductwork, and the installation can cost as much as the equipment. A patio build-out brings concrete or decking, railings, lighting, heaters and furniture, and may need the city's approval and the landlord's.
Hoods fit equipment financing for the parts that can be removed and a term loan for the installation. A patio is mostly building work, which fits a term loan sized to the contractor's bid.
How to Get a Restaurant Loan: Card Statements, Food Costs and Lease Terms
- Card-processing statements for recent months, showing daily and weekly sales.
- Business bank statements, so a partner can see how deposits and bills line up.
- Food and labor costs as a share of sales, from the restaurant's own books.
- The restaurant lease, with the years still left on it.
- The quote or bid for whatever the money will buy.
A short lease left on a space the restaurant plans to remodel is a frequent question in a review. If the lease has renewal options, bring them.
Two more things help a partner read a kitchen file. One is a clear split between the purchase and the operating gap: the hood is one request, the food bill another. The other is an honest account of any slow stretch in the card statements, such as a closure for repairs, a menu change or road work outside the door, with the months that followed.
How to Get a Restaurant Business Loan for a Second Miller County, AR Location
A second location doubles the lease, the build-out and the staff, while the new room takes time to build a following. Partners look closely at the first location's sales over time and at the plan for the months before the second covers its own costs.
A term loan for the build-out and equipment can be paired with a line of credit for food and payroll during the opening months.
How Hard Is It to Get a Loan for a Restaurant, and What Makes a File Stronger?
Some lenders approach restaurant requests with caution, so the file has to carry the case. What makes it stronger is evidence: steady card sales over time, food and labor costs under control, a lease with years left, and an owner who has run a kitchen before.
An advance on card receipts is often available where a loan is not, but its cost can be high. The merchant cash advance page explains how it is collected and why it is not a loan.
How to Get a Business Loan to Buy a Restaurant With Its Lease and Staff in Place
Buying an open restaurant gets the buyer a kitchen, a lease, staff and a sales record. Partners read the seller's tax returns and sales reports, the purchase agreement and the lease assignment, and the buyer's own experience and finances.
Part of the price may be carried by the seller as a note. Business term loans has more on purchases and buyouts.
Restaurants and Other Eating Places in Miller County, AR: Full-Service and Limited-Service Counts
Restaurants and other eating places (NAICS 7225) numbered 49 employers in Miller County, AR in the 2023 County Business Patterns, with 883 workers and an $18.3 million payroll. The 49 split into 25 limited-service and 19 full-service restaurants plus a few other eating places, and 13 of them (26.5%) had fewer than five employees.
Food services and drinking places as a whole (NAICS 722) counted 59 employer establishments, a figure that adds 6 bars and, by our arithmetic, 4 other food service businesses such as caterers to the restaurants. Nonemployer Statistics separately counted 14 restaurants and other eating places without paid employees in 2024.
Worth a look next: other Miller County, AR trades, local Census tables for the Arkansas side, working capital loans and machine loans and leases.
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