A full-service restaurant funds a second location

The challenge

What the business was up against

A successful single-location restaurant had signed a lease on a second space in a growing neighborhood. The build-out and kitchen equipment required capital up front, months before the new location would generate a dollar of revenue.

A traditional bank loan would have taken too long and leaned heavily on the owner's personal credit, which had taken a hit during an earlier expansion. The owner needed capital tied to the proven performance of the existing restaurant, not a credit score.

The solution

How we structured it

PIRS underwrote on the strength of the original location's consistent card and deposit volume rather than the owner's personal credit alone.

We structured a $250,000 advance with daily remittances sized against the existing restaurant's sales, plus a reconciliation provision so payments could flex if a slow month hit during the build-out.

Funding landed within days of approval, keeping the construction timeline on track.

The outcome

What happened next

The second location opened on schedule. Within two quarters it was contributing meaningfully to combined revenue.

With both locations performing, the owner renewed for a smaller advance to fund initial inventory and marketing at the new site.