restaurant and Beverage Business Financing Solutions

hel pYour Restaurant’s Growth with ChromeHaris

Funding the restaurant and bar industry requires a strategic approach, combining traditional financing methods with innovative solutions to meet the unique challenges of this sector. Here’s an overview of effective funding options tailored for restaurateurs and bar owners 
Whether you’re opening a new location, upgrading equipment, or simply managing day-to-day operations, we’ve got your back with fast, reliable, and flexible financial solutions.
Alternative and Innovative Funding Solutions
4. Merchant Cash Advances (MCAs)
Chrome Haris Capital, based in Hazlet, NJ, provides Merchant Cash Advances tailored for restaurants and bars. This funding option offers quick access to capital, with repayment linked to daily credit card sales, making it suitable for businesses with fluctuating revenues.
5. Crowdfunding Platforms
Platforms like Kickstarter and EquityEats allow restaurateurs to raise funds by offering rewards or equity in exchange for contributions. This approach not only secures capital but also builds a community of supporters.
Bar and Restaurant
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Bon Appétit
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6. Private Investors and Venture Capital
Angel investors and venture capitalists can provide substantial funding in exchange for equity. This is ideal for businesses with high growth potential looking to scale rapidly.
Alternative Funding Group
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OysterLink
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Citrin Cooperman
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Grants and Special Programs
7. Amber Grant for Women
Women-owned food and beverage businesses can apply for the Amber Grant, which offers monthly $10,000 grants and an annual $25,000 grant to support growth and development.
Shield Funding
8. Uber Eats “Grants for Growth”
In partnership with Visa, Uber Eats offers grants to small businesses, particularly restaurants, to help them recover from challenges like natural disasters and transition to sustainable practices.
Shield Funding
Choosing the Right Funding Path
Selecting the appropriate funding option depends on your business’s specific needs, growth stage, and financial health. For instance, Chrome Haris Capital’s Merchant Cash Advances are ideal for businesses seeking quick, flexible funding without the stringent requirements of traditional loans. Alternatively, crowdfunding can be an excellent choice for community-driven concepts looking to build a loyal customer base.
TapTasty
It’s crucial to assess each option’s terms, repayment structures, and potential impact on your business’s equity and control. Consulting with financial advisors and industry experts can provide valuable insights tailored to your specific situation.

Fast funding in 24-48 hours!