Despite various concerns about the state of the restaurant industry, lenders are still out there in force.
This week’s edition of the Restaurant Business podcast "A Deeper Dive" discusses the state of lending to the restaurant space. Mark Wasilefsky, head of restaurant finance for TD Bank, discusses why lenders are still eager to make loans to restaurant franchises.
Wasilefsky discusses the state of lending for large-scale operators. A lot of lenders are making loans to these companies despite rising labor costs and other issues.
But he also discusses some warning signs. In particular, he discusses the growing amount of leverage many companies are carrying, and why that could be a problem if the economy hits a speed bump.
Please have a listen.