Equity Eats, the first funding platform designed by restaurant owners, not Wall Street bankers, to serve the needs of restaurants, which is currently being rolled out. Equity Eats provides fair financing to restaurants by providing them with cash up-front for any expense that they have and take gift certificates to the restaurant in exchange, which it then sells to foodies in the restaurant’s community to pay themselves back. Restaurant Receives the money they need up front from Equity Eats and electronically sends gift certificates to Equity Eats to sell, to earn money back.
- EquityEats, the first funding platform designed by restaurant owners, not Wall Street bankers, to serve the needs of restaurants, unveiled their new business model today, which is currently being rolled out.
- Traditionally banks and investors consider restaurants high risk, so they make it very expensive and unfair for restaurant owners to get capital.
- When a restaurant applies for funding through EquityEats, the restaurant is paid $5,000 to $50,000 within three days.
“The funds raised through EquityEats can go towards a restaurant’s marketing expenses, furniture, consulting fees, restaurant equipment, inventory, opening a second location and whatever else the restaurant owner so chooses to use the funds for.”