Kareen MillsFounder & CEO, Friendsgiving Live® · Most Influential Filipina ’23 🏆 Founder of the World’s Largest Friendsgiving Festival for Women | Angel | Keynote | Sugar Mommy™ Media | Psalm 25:1 ✞

#restaurant #businessfinance

9 Sept 2025 · 1 min

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0:37

Kareen Mills explains why banks won't lend to restaurants. Thin margins mean most owners are scraping by, and lenders see restaurants as high-risk compared to other businesses. The difference between a struggling operation and a profitable one comes down to execution.

Chapters

The margins on them are so tiny, most restaurant owners are barely making it. They're scraping by. Most banks don't like to fund restaurants. They don't like to borrow money to restaurants. I love borrowing money to restaurants, but because restaurants are high-risk industries, retail, some wholesalers, some manufacturers, because they're high-risk industries, Just make sure that— The problem with them is banks won't touch them most of the time unless the owner has this big net worth. There's really good ones that runs it, um, properly.