The Bank Slate


DoorDash forms division to make restaurant loans

DoorDash has formed a division that will make business loans to restaurants

DoorDash Capital will allow merchants to use the delivery service’s app to apply for loans that could be used to buy equipment, apply for business and liquor licenses, make payroll and pay rent. 

The company has already made some loans, based on testimonialsincluded on its website. 

“As we continue to listen to our partners and adapt our services and offerings to meet their needs, one key area where they have asked for support is quick and easy access to capital,” Tom Pickett, the company’s chief revenue officer, wrote in a blog post.

Leave a Reply

Your email address will not be published. Required fields are marked *