How much money do i need to start a small resturant?

hi iwanted to open up a resturant ....a small one somewhere next to a shopping center probally like 8-13 booths that serves chicken and burgers im willing to put up $16,000 how much could the bank loan me i wanted like 50-80,000 dollars to start how much would i need and how much could the bank loan me if my credit is 506How much money do i need to start a small resturant?
Go to www.score.org/template_gallery.html and download the Excel template for estimating startup costs.How much money do i need to start a small resturant?
Go to the Small Business Administration website (google it, just make sure the site you go to has the suffix .gov). You will need a business plan and you can look at samples there. They may even have one for a small restaurant that will give you an idea of how much money you will need.

A bank will not give you a loan without seeing a plan. Why, you ask? Because most people are too lazy to write one. Would you give 80,000 to someone who was to lazy to spend an hour writing down what they want the money for?

The bank knows if you are taking the time to research your business then you are a safe bet to place their money on. Besides, you may realize you only need 50K or so to get started. good luck and have fun!!

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