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finance

Financing

Federal relief loan programs run out of money

 By Peter Romeo on Apr. 16, 2020

The SBA says it has stopped accepting PPP applications. Restaurants that applied for the agency’s other COVID-19-related relief loans will be processed on a first-come, first-served basis.

Financing

Steak ‘n Shake gets credit downgrades after a ‘distressed’ debt repurchase

 By Jonathan Maze on Apr. 16, 2020

The company is apparently looking to restructure its loans amid operating challenges from the coronavirus shutdown.

Financing

While small operations struggle, chains land PPP loans

By Peter Romeo on Apr. 15, 2020

The relief funds have flowed to operations such as Ruth’s Chris and Potbelly.

Financing

NCR Announces Partnership with NYMBUS to Facilitate Loans for Small Businesses

Sponsored content from our partner NCR on Apr. 09, 2020

NCR Corporation (NYSE: NCR), a global enterprise technology provider for the banking, retail and hospitality industries, today announced an agreement with NYMBUS to assist small businesses impacted by COVID-19 with accessing Small Business Administration (SBA) Paycheck Protection loans.

Financing

Roark Capital raises another $1.4B

By Jonathan Maze on Apr. 07, 2020

The Atlanta-based private-equity firm, which has invested in numerous restaurants, has a new fund.

Financing

As demand for disaster loans soars, so does frustration

By Jonathan Maze on Apr. 07, 2020

Banks quickly took massive numbers of applications as small businesses sought federal help to get them through the coronavirus shutdown.

Financing

Tilman Fertitta offers to pay 15% interest on a ‘lifeline’ loan, report says

By Peter Romeo on Apr. 07, 2020

The billionaire concept collector is also sinking another $50 million of his own money into his hospitality empire.

Topics

States eye bills extending business interruption insurance for COVID-19 closings

By Peter Romeo on Apr. 06, 2020

Measures in at least four states would require insurers to drop pandemic exemptions retroactively.

Financing

Dine Brands stockholders to vote on spinning off IHOP

By Peter Romeo on Apr. 02, 2020

The Applebee's parent has a proxy resolution calling for the company's two brands to be split.

Financing

Vapiano says it’s filing for bankruptcy

By Jonathan Maze on Apr. 02, 2020

The German chain, which has six locations in the U.S., had said the coronavirus made it insolvent.

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