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finance

Financing

Denny’s looks to increase its credit access

 By Peter Romeo on May 05, 2020

It projects that it could be in default on its financial covenants for the second quarter, but expects to have access to more funds next week.

Financing

Texas Roadhouse restaurants turn cash-positive again

 By Peter Romeo on May 05, 2020

A surge in to-go sales has pushed stores close to profitability, executives say.

Financing

Famous Dave's parent lands $13M in PPP loans

By Peter Romeo on May 05, 2020

Famous Dave's received $7.2 million, and sister concept Granite City obtained $5.8 million.

Financing

Bankruptcy proves to be another problem for the PPP fund

By Jonathan Maze on May 01, 2020

Why can TooJay’s get Paycheck Protection Program loans but Cosi can’t? The fund’s rules appear to be inconsistent, says RB’s The Bottom Line.

Financing

TooJay’s Original Gourmet Deli, which received PPP funds, files for bankruptcy

By Jonathan Maze on Apr. 30, 2020

The 28-unit Florida-based chain received $6.4 million in stimulus funds and blamed the coronavirus shutdown for its problems.

Financing

Kura Sushi says it will return its PPP funds

By Jonathan Maze on Apr. 22, 2020

Amid scrutiny over large chains getting federal assistance, the revolving sushi concept will send back $6 million.

Financing

With PPP fund dry, anger turns to banks

By Jonathan Maze on Apr. 21, 2020

Even as Congress considers new funding, lawsuits accuse lenders of favoring larger borrowers and their bigger fees.

Financing

Restaurants press Congress for $240B in industry-specific aid

By Peter Romeo on Apr. 20, 2020

The grants would be part of the National Restaurant Association’s Blueprint for Recovery, a direct-payment program that would be in addition to restarting the Paycheck Protection Program.

Financing

Roark Capital buys a piece of Cheesecake Factory

By Peter Romeo on Apr. 20, 2020

The private-equity firm, which owns Arby's and Buffalo Wild Wings, has acquired 200,000 shares of preferred stock for $200 million.

Financing

Restaurants say the PPP needs more than just additional funds

By Peter Romeo on Apr. 17, 2020

Operators say the process was an ordeal, and the terms may yield less assistance than was intended.

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