Need capital to make an improvement to your business? inKind's innovative prefunded structure enables you to grow and engage your best customers.
We can pre-fund six months worth of House Account sales. We do this by purchasing the credit from you in advance and then selling the credit as House Accounts to pay ourselves back.
1. We Fund
Our underwriting team evaluates your business and determines how many House Accounts we can sell in 6 months.
We then provide you with that amount in funding, in exchange for credit to your business.
2. We Market
We sell that credit as House Accounts to people in the local community via email, social media and in-store.
We set a weekly target for House Accounts sales, and get everyone invovled in hitting it.
3. You Service
You give awesome service when someone comes in to redeem part of their House Account.
Guests feel special and have the ability to gift part of their credit to friends and family.
Get started today
Are you ready to grow? Introduce House Accounts to your business, today.
How The Financing Works
We provide you with capital in exchange for credit to your business - which we sell as House Accounts.
The amount of credit we take is a multiple of the capital we provide, to enable us to offer bonus credit to those purchasing a House Account.
We never take more than 8% of your annual sales in credit, so on any night, there should only be one or two tables using House Accounts to pay.
You are already open for business serving regular guests - so your staff are there being paid, your rent is current and your lights are on.
Therefore, the cost to you when someone extra comes in and redeems a House Account is just the cost of the ingredients you use to make their food (typically around 30%). If we take $20,000 in credit, the cost to you would be around $6,000.
The actual cost will be even lower as some people will relocate, or for other reasons, will not use all of their House Account credit.
Expand your existing business with the only financing designed by fellow restaurant owners