A third of restaurant applicants are below a 600 credit score
The median credit score among restaurant operators applying here is 680, and 33% score below 600. Restaurant credit profiles are more polarised than most industries: strong operators with clean files, and good operators carrying damage from a bad year.
The score decides which product a file is read against. Deposit consistency and card volume decide the rest.
Median credit score 680 · 33% below 600 · Median request $50,000
The median restaurant request is $50,000
Fast-casual and full-service concepts make up the large majority of applicants, with bakeries and catering operations behind them.
Working capital is the most common use by a wide margin. Refinancing an existing advance and equipment purchases are joint second — a pattern you do not see in most other industries, and a sign of how many restaurant operators are carrying daily-payment funding they took earlier.
- Fast casual and full service dominate the applicant mix
- Working capital is the leading use of funds
- Refinancing an existing advance ranks alongside equipment purchases
What this says about restaurant funding
If you are an operator in the 500s, a third of the room is with you.
If you are carrying a daily-payment advance, you are not unusual either — it is one of the most common reasons restaurant operators apply. A position with a balance under $100,000 can usually be moved to a weekly payment structure.
See how much your restaurant qualifies for
$25K–$5M · funded in 24 hours · 500+ credit OK. A soft credit pull that will not affect your score.
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