Funding food online
June 28, 2013
Many restaurants, cafes, food trucks and other venues that serve food are started by private citizens that are in need of a lot of funding. In that past, many of these people went to banks or lenders for their startup money, but in the wake of the Great Recession, that might no longer be the best option.
As a result, many of these people are going online and asking their patrons for financial help.
For instance, according to KGO-TV, San Francisco's Virginia Ramos is looking into crowdfunding options through Indiegogo to buy her own restaurant. She was banned from selling her tamales in local eateries by the San Francisco Department of Public Heath, so she plans to branch out on her own. She hopes to raise $155,000, but said that if more is garnered, she will put it back into the Jamestown Community Center.
These online efforts have been very successful in the food service industry. Earlier in June, Boston's Mei Mei Street Kitchen food truck's owners were able to raise $36,000 - exceeding their $28,000 goal - so they could start a brick and mortar business, Eater reported.
Individuals, programs and organizations that rely on fundraising to fuel sustainable operations might find nonprofit fundraising software advantageous. The solutions can facilitate the process of identifying grant opportunities, generate reports that demonstrate current financial need and showcase previous achievements.