Restaurant Businesses

Restaurants are not easy businesses to operate. Every day, restaurant owners have to deal with many challenges from maintaining a perfect online reputation, having enough inventory, dealing with staffing issues and making payroll.

That’s why eFundex receives many applications every day from restaurant owners asking for working capital, most of them having been denied loans from a bank usually because they ask for collateral and at least 3 years of experience.

Nowadays the market has a lot of funders of working capital, but few develop a good long term relationship with the business owners. eFundex focuses on providing fast and efficient funding, but more than that, the business owners also benefit from ongoing support from a knowledgeable advisor.

Our Deal of the day for this week is for a sit down restaurant in Miami that was asking for $40,000 of working capital to buy more inventory to meet growing demand. The challenge in this case was that the restaurant has a very low personal credit score.


Deal Terms

Annual Revenue:       $750.000

Funded Amount:        $40.000

Total Payback:            $48.000

     Term:                          10 Months

Weekly payment:      $1.142,85

Buy Rate:                     1.20

Credit Score:               650


It is not easy for us to work with a buy rate of 1.20 and a 650 personal credit score. However, the consistent account balance, a good payment history and the owners having 5 years of experience, made it possible and worthwhile to work with them and build a good relationship with this client.




Leave a Reply

Your email address will not be published. Required fields are marked *

Post comment