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Financing

TGI Friday's, Ruby Tuesday among chains that received PPP funds

The SBA released detailed information revealing which companies received federal stimulus dollars. Here's a look at some of the restaurants that received them.

Financing

How flexible are landlords being on rent? Not much, NYC restaurants find

Still, they're getting only a portion of restaurant rents because places just can't afford to pay, new research indicates.

Loans will continue to be offered to small businesses for another five weeks, but Treasury Secretary Mnuchin had raised the possibility of using the remaining funds specifically to help restaurants.

The chain is making its “$5 Footlongs when you order two” promotion digital-only as the offer hurt operator profits.

180 Degree Capital called the company’s performance “unacceptable” even with the pandemic, says RB’s The Bottom Line.

Already facing systemic damages, Black-owned restaurants face challenges with the coronavirus shutdown and now looting and violence.

Savory Fund I is designed to develop promising restaurant concepts, and has experienced operators on board to help guide the firm’s investments.

The casual chain's revised credit facility requires $25 million to be raised from equity, and management has aired doubts about doing it in time.

Proceeds from the private stock sale will be used to offset COVID-19-related debt and fund the addition of more history-laced pubs and attractions.

Nasdaq notified the troubled coffee giant that it would be delisted, and the company plans to appeal.

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