$125,000 Line of Credit
Daily Table is a local grocery chain on a mission to provide fresh produce, grocery staples, and made-from-scratch prepared foods at prices low enough to fit within every budget, including families who rely on SNAP (Supplemental Nutrition Assistance Program, formerly known as food stamps). It has offered Fair Food Network's Double Up Food Bucks program since 2018.
Financing Purpose & Date:
As Daily Table expands its reach and opens additional locations — its working capital needs are growing. To help fill the gap, Daily Table turned to Fair Food Network’s Fair Food Fund for a $150,000 line of credit. This investment will free Daily Table from having to tap its grant dollars for inventory purchases or overhead costs, instead prioritizing those dollars to support Double Up redemptions. Such flexible financing will be key to bridge Daily Table through low cash periods during this expansion phase particularly in between grant cycles or when philanthropic funding is low.