Equity Eats Press & News
To further inKind's commitment to help restaurants succeed, we're launching an ESG Effort to provide $250 million in funding to under-represented and under-served restaurant operators by 2025.
This commitment will help to ensure that under-resourced restaurants, which traditionally face significant hurdles to obtain the funding necessary to start or expand their businesses, receive access to much-needed capital.
This commitment will help to ensure that under-resourced restaurants, which traditionally face significant hurdles to obtain the funding necessary to start or expand their businesses, receive access to much-needed capital.
Equity Eats Press Kit
Help spread our mission to fund under-represented and under-served restaurant operators by downloading and sharing our press kit. For additional information, please contact inkind@wagstaff.com.
Equity Eats in the News
Read what news outlets across the country are saying about our mission.
Frequently asked questions
inKind has developed a better way to finance restaurants and help operators succeed. inKind funds restaurants by purchasing large amounts of food & beverage credit and then selling it to consumers on the inKind app. Restaurants receive funding at the lowest cost of capital available, marketing support and more customer visits. Consumers receive monetary bonuses to spend at inKind partner restaurants plus additional dining perks. It's a win-win model for operators and consumers.
To further inKind's commitment to help restaurants succeed, inKind has launched an Environment, Social and Governance (ESG) initiative to provide $250 million in funding to minority-owned and underrepresented restaurants by 2025. To enhance this initiative, inKind is also establishing the Restaurant Operators Alliance to offer resources including training, marketing support, and mentorship.
All restaurant owners are encouraged to apply for funding at inKindCapital.com For minority-owned and underrepresented restaurant owners, we invite you to apply for funding from our ESG initiative at https://inkind.com/inkind-esg-commitment
inKind funding is neither a loan or a grant. A loan requires repayment but inKind does not require repayment for its capital. Grants are, essentially, gifts that are given based on criteria. inKind's funding is not a gift because it is given in exchange for food and beverage credit. Unlike loans and grants, inKind engages in a transaction by providing capital in exchange for food and beverage credit.
No, inKind funds restaurants across the United States. While geography is taken into account in our underwriting process, we continue to fund restaurants across the country.
In general, inKind is able to provide funding in the range of $10,000 to $10MM+. The funding amount is determined by inKind's underwriting committee.
There is no deadline to apply for funding. Restaurants can apply for funding at any time.
Funding is non-restrictive and inKind encourages operators to use funding however would best help them succeed. We have had operators use funding to purchase equipment and real estate, open new locations, fund employee benefits, fund renovations, pay down debt and other liabilities, and more. We love to provide funding that helps either increase profits or decrease costs.
As far as the difference between minority and underrepresented, minority refers more to race and ethnic/cultural make up, whereas underrepresented are marginalized social groups like LGBTQ, people with disabilities, and women.
While there are a lot of variables that affect funding levels, if inKind were to distribute this funding in $100,000 amounts, we would be able to help 2,500 restaurants.