Under $500K a year
Under $500K a year: below the range our partners fund.
Our funding partners work with restaurants from about $500,000 a year. Below that, the capital that fits is small and fast, and the lenders who do it well are already inside your POS.
Dining credit: poor fit; we place elsewhere
What it looks like
Toast, Square and Clover underwrite from your own sales and make offers without an application, and an equipment lender will beat anyone on hardware.
If you're close to the line and growing, come back when you cross it.
Typical raise at this size
Credit to honor2× the raise
Instruments we'd model first
- Square LoansSquare sellers; smaller or quick-service concepts
- Toast CapitalToast restaurants needing fast, modest capital
- Equipment financingOvens, hoods, refrigeration, POS hardware
Doing under $500k? See whether the rest of the profile fits.
Covers Advisory is an independent capital advisory, not a lender. We do not make funding decisions, and we are compensated by funding partners when a placement we arrange closes. Our recommendation is the same whether or not a partner pays us. How we're paid.