Running a restaurant takes more than just good food and a welcoming atmosphere. It takes a steady stream of cash flow to keep everything running smoothly. That's where restaurant working capital comes in — it's the financial support you need to keep your business growing and thriving.
Whether you're looking to purchase new equipment, invest in a renovation or simply need some extra funds to cover operating expenses, restaurant working capital can help. It provides a cushion of cash that you can use to keep your business moving forward, no matter what challenges come your way.
At Whisk Finance, we specialise in providing restaurant working capital solutions to help you achieve your goals. Our experts can help you navigate the world of financing and find the best solution for your unique needs.
Restaurant working capital isn't just a safety net. It's also a powerful tool that can help you grow your business and achieve your goals. Here are some ways it can benefit your restaurant:
Whether you need to upgrade your kitchen appliances or invest in new technology, restaurant working capital can provide the funding you need to keep your restaurant running smoothly.
A fresh, updated look can attract new customers and keep your existing ones coming back. With restaurant working capital, you can invest in a renovation or remodel to create the perfect atmosphere for your restaurant.
From payroll to inventory, operating expenses can quickly add up. Restaurant working capital can help cover these costs and provide a cushion of cash to keep your business running smoothly.
If you're looking to open a new location or expand your existing one, restaurant working capital can provide the funding you need to make your dreams a reality.
✓ Minimum 1 year in business
✓ Minimum $150,000 gross annual turnover
Restaurant working capital refers to the funds that are available to a restaurant to cover daily operational expenses, such as payroll, inventory and utilities. It can also be used to purchase equipment, renovate and refurbish a space or expand a business.
Any type of restaurant business, including cafes, bars and fast food restaurants, can benefit from restaurant working capital. It can provide a cushion of cash to help cover daily expenses and unexpected costs, as well as provide funding for growth and expansion.
The amount of working capital a restaurant should have depends on a variety of factors, including the size of the business, the level of competition and the current economic climate. As a general rule, it's a good idea to have enough working capital to cover at least three to six months of operating expenses.
There are several different types of restaurant working capital solutions, including term loans, lines of credit, merchant cash advances and equipment financing. Each option has its own benefits and drawbacks, so it's important to choose the one that best fits your unique needs and goals.
Qualifying for restaurant working capital depends on a variety of factors, including your credit score, your business's financial history and your ability to repay the loan. At Whisk Finance, we specialise in helping restaurant businesses find the best financing options for their needs. Reach out to us to learn more.
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