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ARF Financial business loans review

Flexible financing for restaurants and hospitality businesses.

ARF Financial is an online business lender that specializes in funding for the restaurant and hospitality industry — though anyone can apply. It works with businesses that have been around for as little as one month and offers multiple options to reduce your repayments if your company can’t keep up with the cost.
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Details

Min. Amount$5,000
Max. Amount$1,000,000
Loan Term12 to 36 months
APRNot stated
Requirements30+ days in business, $100,000 annual revenue

First, do I qualify?

You must meet the following criteria at a minimum to qualify for a loan from ARF Financial:

  • At least 30 days in business
  • $100,000 annual revenue

You might have to meet higher revenue requirements for higher loan amounts. While ARF Financial doesn’t require your business to be in a specific industry, its team members are experts in restaurant, hospitality and retail funding.

What makes ARF Financial unique?

ARF Financial’s flexibility is what sets it apart. You can defer up to 50% of your loan amount when you start making repayments to lower your cost. You also have the option of extending your term to lower your costs. Since these loans come with a flat fee rather than interest, paying it off later doesn’t make it more expensive.

Pros

  • Multiple options to lower repayments
  • Startups OK
  • Specializes in restaurant and hospitality industries

Cons

  • Weekly repayments
  • High cost compared to term loans
  • Slow turnaround for online lender

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How do I apply?

You can apply for a business loan from ARF Financial online by following these steps:

  1. Go to the ARF Financial website.
  2. Click Get an instant quote.
  3. Enter your name, contact info and create a password. Click Save and Continue.
  4. Fill out the form with basic information about yourself and your business. Click Save and Continue.
  5. Provide information about yourself, your business and its locations. Click Save and Continue.
  6. Provide additional information about yourself. Click Save and Continue.
  7. Connect to your business bank account. Click Save and Continue.
  8. Review your application and click Sign and Submit.

You should receive a decision within minutes of submitting the application. Follow ARF Financial’s directions to upload any required documents. Typically, it takes between three and five business days to receive your funds.

What documents do I need to apply?

ARF Financial doesn’t list any required documents, and often it varies depending on the business. However, business lenders typically ask to see bank statements, as well as personal and business tax returns at a minimum.

How do repayments work?

ARF Financial loans come with weekly repayments. If your business is struggling to meet the weekly cost, reach out to ARF Financial to ask about deferring part of your loan or lengthening your term. Also, reach out if you have any questions, concerns or think you might be late on a payment. You can get in touch by calling 866-702-4430

Find out how ARF Financial compares to other lenders with our guide to business loans.

Review by


Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

ARF Financial is an online lender and loan servicer that specializes in flexible business loans for restaurants and hospitality businesses. You have the option to hold off on paying half of your loan balance if the cost is too high. It’s also open to relatively young businesses — you only need to be around for 30 days to qualify.

But it can be more expensive than other financing options out there — fees start at 16% of your total loan amount. And it doesn’t have the fastest turnaround. It also comes with weekly repayments, which can be difficult to keep up with if you don’t have a strong cash flow.

Not sure ARF Financial is right for you? Compare your other business loan options below.

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