Restaurant Funding
The restaurant industry is projected to grow significantly, with more than 7 million new employees expected to be hired in the next decade. Stay ahead of the competition and fuel your restaurant’s success with up to $500,000 in funding from NextGen Capital in as little as 24 hours.
Fast and Flexible Restaurant Funding
Securing the necessary working capital for your restaurant through traditional lenders like banks or the SBA can be a long and challenging process. With high overhead costs, thin profit margins, and intense competition, many lenders consider restaurants to be a high-risk investment, leading to delays or even denials in funding.
NextGen Capital offers a faster and more flexible alternative. With a simple online application, quick approvals, and adaptable funding options, we can provide restaurant funding in as little as one business day. Whether you need $3,000 or up to $500,000, we support all types of restaurants, including fast food establishments, coffee shops, casual dining, fine dining, and more.
Restaurant Funding Solutions
will help you achieve your goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How to use Restaurant Funding
There are no restrictions in place on how you can use your funds. Restaurant Funding is ideal for supporting your business’ revenue, furthering your commitment to the community, and helping more patients. Use your funding to:
- Develop or enhance services
- Purchase necessary equipment and devices that help patients communicate with caregivers
- Hire and train staff to provide high-quality care
- Expand your geographic reach by increasing your marketing efforts
- Hiring additional personnel in new areas of operation
- Obtain proper licenses and certifications
- Develop an online booking system for your services that can be accessed at any time
Will You Qualify for Restaurant Funding?
Exact qualification requirements depend on the type of restaurant funding you are seeking. Approval for restaurant funding from NextGen Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your restaurant, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Restaurant Funding Works:
Restaurant Funding Q&A
Yes, expanding your marketing strategy is an excellent use of restaurant funding. Whether you focus on digital marketing, traditional advertising, or social media campaigns, increasing brand awareness and driving traffic to your restaurant can help boost revenue and business growth.
You can secure funding through traditional lenders like banks or the SBA, but these institutions often have strict approval requirements and long application processes. Alternative lenders like NextGen Capital provide a more flexible solution, considering the overall health and potential of your business rather than just your credit score. We also offer revenue-based financing options, such as merchant cash advances, which are ideal for businesses with lower credit scores.
Many traditional banks classify restaurants as high-risk businesses due to high operating costs, thin profit margins, and industry competition. As an alternative lender, NextGen Capital has different approval requirements and can provide fast funding for restaurant businesses, often in less than 24 hours. Our funding can be used for project expenses, hiring staff, purchasing materials, and more.
At NextGen Capital, we offer financing solutions for a wide range of restaurant equipment, including but not limited to ovens, grills, refrigerators, espresso machines, dishwashers, and commercial stoves, along with food packaging equipment term loans and food machinery term loans.
Whether you need to upgrade your existing equipment, expand your kitchen, or invest in new appliances, our financing options are flexible and can be tailored to meet your specific needs.
