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The deal shows how revenue-based financing is moving beyond generic working capital
Homegrown and Square are launching a new expansion capital program for multi-location businesses, giving eligible Square sellers access to financing designed specifically for growth.
The pilot program includes $24 million in committed capital and is aimed at operators with two or more locations, including restaurants, coffee shops, fitness studios, beauty and wellness brands, retailers, and other brick-and-mortar businesses. Eligible businesses may access up to $1 million, with terms up to four years, monthly payments that flex with revenue, no personal guarantees, and no balloon payments.
That structure is important because expansion capital is not the same as emergency working capital. Opening a new location, acquiring another site, or remodeling an existing location requires more patient capital. Buildout costs, staffing, equipment, rent, permits, and marketing often come before the new location reaches stable revenue.






