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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, 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.

Riese Organization Funds Creative Chefs and Entrepreneurs

The Riese Organization, one of the largest restaurant owners and managers in New York City, announced the formation and funding of Riese Capital, a more than $5 million venture capital fund. The fund will invest and partner with creative chefs and restaurant entrepreneurs, who would likely be unable to source traditional financing to grow their concepts, says CEO Dennis Riese.

NRA: Swipe Fee Reforms Have Provided Important Benefits

A year after a bipartisan majority of senators stood up to protect debit swipe fee reforms, the National Restaurant Association today noted those reforms have provided important benefits to restaurateurs and their customers.

BizBuySell Publishes "Guide to Selling Your Small Business"

BizBuySell, the Internet's largest business-for-sale marketplace, has published its new Guide to Selling Your Small Business, a comprehensive, 100+ page manual to help small business owners maximize their success when the day to sell arrives.

United Capital Refinances Debt for 33 Denny’s Locations

United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $7.7 million in financing to Denny’s owner MDC Restaurants, LLC. United Capital refinanced 33 existing locations in three states for this California based franchisee and will also provide funds to build out and equip a new Denny’s restaurant.

Credit Lending Grows in Foodservice, Hospitality Industries

Although franchise lending has been fairly static from March 2011 to March 2012 and franchisee credit access remains below its long-run average, lending to franchisees in industries such as food service and hospitality has been greater than average.