where do i start in trying to open medium small restaurant, government loan possibly?

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* The Restaurant Business Start-up Guide by Paul Daniels
* Restaurants That Work: Case Studies of the Best in the Industry by Martin E. Dorf
* Restaurant Financial Basics by Raymond S. Schmidgall
* Opening a Restaurant or Other Food Business Starter Kit: How to Prepare a Restaurant Business Plan and Feasibility Study by Sharon Fullen
* Upstart Guide Owning & Managing a Restaurant by Roy S. Alonzo
* The Restaurant Managers Handbook: How to Set Up, Operate, and Manage a Financially Successful Food Service Operation by Douglas Robert Brown

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

Great question. Looks like the previous answer has many great links. Ultimately, when you get to the point where you are ready to make your restaurant happen, you ll need to decide where the money will come from. Do you want to ask a relative? Is that cool or uncomfortable? Have you tried to get an SBA loan? Crowdfunding is another possibility. Have you heard of Fundation? If you visit http://www.fundation.com/small-business-loans/industry/restaurant-loans, you ll learn about their restaurant loans. They are an online lender that offers many types of loans going up to $500,000, including restaurants. They understand and support entrepreneurship. Good luck.