How does a restaurant operator get expansion financing without a personal guarantee or selling equity?
This week’s episode of the Restaurant Business podcast A Deeper Dive features Michael Davis, the founder and CEO of Homegrown Financing.
Davis has an interesting story. He watched his parents struggle to get financing to scale their business. He ultimately devised a strategy to provide financing for growth based on a company’s revenue.
The system is not a short-term strategy such as a merchant cash advance and is designed for expansion. Davis tells his story and explains the strategy. We talk about several other topics during the podcast, including the overall challenges restaurant companies have in securing financing.
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