Canadian Restaurant Expansion
Case Overview
Reason: Business Expansion
Funding Amount: $200,000
Approval Amount: $200,000
Industry: Restaurant
Use of Funds: Business Expansion
Program Type: Working Capital
The Story
Cristian Piña joins us to talk about a restaurant in Canada looking to expand its business, and it needed working capital to get everything ready with the contractors. He walks us through the reason he recommended the working capital program, why they needed the capital in the time frame, and the hiccup of having a second owner that was not disclosed.
The Details
The Client
The client is a restaurant group in Canada.
They were in the process of expanding by opening a third location in Toronto.
Multiple owners were involved in the business.
The Situation
The client needed initial working capital to cover costs with general contractors and set up the new restaurant location.
Timing was critical, as everything needed to be ready for the restaurant to open on schedule.
A complication arose when it was revealed that there were additional owners not disclosed at the start, requiring extra documentation for underwriting.
The Solution
Capital Infusion recommended a working capital loan because it provided the fastest and safest access to funds.
A full deep dive and transparent conversation helped determine the exact funding needs and structure.
The underwriting team resolved the documentation issue by verifying and clearing the additional ownership information.
Once approved, the funds were deposited directly into the client’s account, allowing them to pay outstanding obligations and move forward with the build-out.
The third location successfully opened, business revenue increased, and the owners are now planning to open a fourth location.