According to a study conducted by Ohio State University, 60% of restaurants fail within their first 3 years of operation. Within their first 5 years, 80% faltered and closed their doors. There is no doubt that opening up and sustaining… Read More »Why Do Restaurants Flop and How to Rescue a Failing Restaurant
Despite the immense challenges imposed by the global pandemic, the restaurant industry has experienced robust growth over the past few decades. According to Statista, the U.S. quick-service restaurant (QSR) industry’s output has experienced an increase of well over 50 percent… Read More »Restaurant Cash Advance: Merchant Funding For Restaurants
If you’re in the restaurant business or food and accommodation services, now might be the best time to take out a loan. According to an August 2019 study, lenders are approving loans 51% of the time for restaurateurs. These are… Read More »Good Time To Take Out a Restaurant Loan
In February, 2019, KrebsOnSecurity contacted Buca di Beppo, an Italian restaurant chain, after revealing that the company’s customers’ 2 million card numbers could be found on the black market. Do you need additional business funding such as a restaurant loan… Read More »Restaurant Loans Can Help with Breach at Restaurant Operators
Mobile apps have become incredibly popular all over the world. Did you know that during 2013-2017, digital orders at restaurants increased at an average annual rate of 23%. This number is projected to triple by the end of 2020. About… Read More »Restaurants’ Own Apps bring More Orders: Restaurant Funding
Some business owners use their own resources to finance their startups. Others need additional capital from an outside source. Modern lending landscape is constantly developing, and there are more financing options available to small-business owners nowadays than ever before. Today,… Read More »Where To Look For Small Business Funding
Timing is everything for your business. You, as a business, should figure out when it’s time to get business financing and what should be done for this. Here are several important points to focus on when applying for business funding:… Read More »When To Seek Funding For Your Business?
Nearly all businesses of the same scale have the same key goals across different industries. According to a 2016 Q4 survey, small businesses want to see improvement in business efficiencies, increase profitability, spend less time on the actual business and… Read More »How Your Small Business Can Achieve Efficiency and Growth
Business funding varies from situation to situation. No matter you need to expand your staff, purchase new equipment, or handle other expenses, you need finances. Below you can find the most popular funding options for small businesses: Bank Loan A… Read More »Which Is The Best Funding Option For Your Small Business?