Finance for Restaurants | Food Newsfeed
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Finance

Biz2Credit Launches Financing Assistance Website for Restaurants

Inspired by the increasingly wide range of small business owners seeking capital, Biz2Credit, the online resource for small business finance, is launching industry-specific sites with information geared toward borrowers in those industries.

Biz2Credit's new Restaurateur page offers information on restaurant loans, franchise loans, accounts receivable financing, building loans, and equipment loans.

NRA Speaks Out Against Proposed Swipe Fee Antitrust Settlement

The National Restaurant Association (NRA) issued the following statement, expressing opposition to the terms contained within a proposed swipe fee antitrust settlement.“After careful and deliberative considerations, the National Restaurant Association Board of Directors’ Executive Committee decided unanimously to reject the proposed settlement agreement on interchange swipe fees,” says Dawn Sweeney, president and CEO of the NRA.

Quaker Steak & Lube Appoints Fred Dreibholz as CFO

The award-winning casual-dining franchise Quaker Steak & Lube, known for its Best Wings USA and more than 20 sauces, announced it has appointed Fred Dreibholz as chief financial officer effective November 1.

Millennials Expect Financial Situation to Improve Within a Year

Consumers’ positive outlook on the future indicates that they may increase spending on foodservice in the next year.Half of Millennials (50 percent) expect their personal financial situation to improve in the coming year, while only a fifth of all consumers surveyed (21 percent) think their financial situation will worsen over the next year.

Mobile Payment System Company Secures $9M in Financing

LevelUp, the world’s first "interchange zero" payment network, announced today that it has raised an additional $9 million in venture capital from Deutsche Telekom venture capital arm T-Venture and other individual investors.

New Haven Cash Register, Mercury Partner for Free Register Promo

New Haven Cash Register Company, a leading provider of innovative, cost-effective, point-of-sale (POS) systems for the restaurant and retail industries, and Mercury, the leading POS-integrated payment processor, announced a new promotion that offers Connecticut-based retail businesses the opportunity to own a new, state-of-the-art electronic cash register with integrated payment-processing, valued at $725, at no charge.

Manitowoc Brings Back Zero Percent Financing Program

Manitowoc Foodservice, designer, manufacturer, and supplier of food and beverage equipment, is offering a zero percent financing program for 24 months on purchases now through December 14, 2012.By taking advantage of its Zero Percent Financing Program, highly qualified operators can access cost-effective, innovative, and energy-efficient foodservice equipment from Cleveland, Convotherm, Dean, Delfield, Frymaster, Garland, Jackson, Kolpak, Lincoln, Manitowoc Ice, Merrychef, Merco, Servend, US Range, and Welbilt.

Small Business Transactions Dip 1.6% in Q2

BizBuySell.com, the Internet business-for-sale marketplace, reported today that business-for-sale transactions were down 1.6 percent in the second quarter of 2012 as compared to the same period last year.

Lending Model Accelerates Small Business Loans to Franchise Sector

On Thursday, July 19, the International Franchise Association and the Consumer Bankers Association will unveil the Franchise Small Business Lending Accelerator, a new tool designed to better match qualified borrowers in the franchise sector with banks that are eager to lend.

Prepaid Card Payment Volume Expected to Rise

Prepaid card usage trends and debit-driven regulatory change mean that the prepaid industry has the wind at its back. In its just-released report on Prepaid and Gift Cards in the U.S., Packaged Facts estimates that prepaid card payment volume will rise 22.

Bugaboo Creek Stakes Its Revival

Having endured four months in bankruptcy, Bugaboo Creek Steak House is back with new ownership, new food, décor and marketing.Christopher Campbell took over as president in April 2011, and is now ready to let consumers know that the chain’s 13 locations—known as lodges—are not only open for business, but for better business.

Upscale Latino Market Boasts Substantial Buying Power

There are 2.9 million Latino households with a household income of $75,000 or more, accounting for a fifth of all Latino households, according to the Upscale Latino Consumers in the U.S. report from Packaged Facts.