Restaurants must succeed in multiple areas of business operations to become and remain successful. Restaurant managers must manage supply orders to meet busy and slow business periods. Additionally, because they work with perishable goods such as fresh vegetables, meat, and seafood, orders may be more frequent than those of businesses that work with shelf-stable products. Those businesses can often take advantage of order quantity discounts, a luxury not often afforded to restaurants.
Capital for Restaurants
Restaurants often have loyal customers, but they must make marketing efforts to fill seats every night until they’ve reached a certain level of clout or popularity in their community. For these reasons and more, restaurants need access to working capital regularly.
Many factors can influence how much free capital restaurants have, but one thing is certain: running out of food or supplies is detrimental, given the nature of the business. Fast financing solutions from Denali Advance can give restaurants the trust and financial flexibility they need to remain competitive, fulfill orders, and grow the restaurant.
Line of Credit
A line of credit can benefit most businesses, including restaurants. It allows you to be flexible with fresh goods purchases and can help you cover expenses during slow periods when profit margins are tighter than ever.
MCA
Merchant cash advances (MCA) are ideal for restaurants that run many credit/ debit transactions daily. MCAs let you borrow the capital you need, and you repay the advance by giving a percentage of each transaction back to the cash provider.
Equipment Financing
Restaurant and food preparation aren’t cheap, and being forced to pay for new equipment or upgrades can significantly burden your restaurant’s bottom line. Equipment financing helps extend the purchase and break it up into more manageable portions.
Small Business Loans
Small business loans can help your restaurant in various ways. They can help you cover various expenses, such as full remodels or expansions. Many restaurants have opted to add food truck services to grow their brand in new locations and add an extra revenue stream.
Invoice Factoring
Invoice factoring can be a valuable service, depending on your business model. If your cash flow is tight, you can get paid upfront for catering invoices to purchase supplies to fulfill the order.
About Us
Denali Advance was founded by two passionate entrepreneurs, Nate Fried and Brad Brown, who have known each other since childhood. After independently leading successful lives, they came together again to form Denali Advance.
They got the idea after noticing a need for small businesses to have faster access to funds that help their businesses grow. We strive to stand apart from other providers by offering a more personalized yet analytical approach to small business capital.
