Why restaurants in Delaware qualify
Restaurants are classified under Restaurants and Other Eating Places, which is an eligible category. That takes industry off the table and leaves the same four things every file is read on: average daily balance against revenue, time in business, negative days and NSFs, and existing positions.
The cash-cycle problem
Card settlement in one to three days; almost no receivable.
In Delaware that usually means capital goes to kitchen equipment, build-out, a second location, payroll through a slow month, delivery integration.
Seasonal by concept and location; weather and tourism drive the swings.
What applies in Delaware
Delaware funds normally on every tier — no extra restrictions apply.
Most of this activity sits around Wilmington, Dover and Newark.
Vermont, North Dakota and South Dakota sit outside the lending area on every product. California and New York carry extra restrictions on the revenue-based tier.
Health department permits apply. Licensing is not a funding threshold here, but an expired licence shows up in diligence.
The Delaware economy runs on chemicals, finance and logistics, and restaurants here largely track that base rather than the weather.
The published thresholds
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund restaurants in Delaware?
Yes. Restaurants are classified under Restaurants and Other Eating Places, which is an eligible category .
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision and next business day funding on a complete file — the application plus three months of business bank statements.
What if revenue is seasonal?
Seasonal by concept and location; weather and tourism drive the swings. Underwriting reads the average and the deposit count, not the peak month.