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Crowdfunding as a form of financing for restaurants is certainly not a new concept. Many restaurants now offer food and beverage as a form of repayment on investment, which, if done correctly, can provide your restaurant with the necessary capital without giving up any equity.
Why Hasn’t Small Business Lending Evolved?
The time of the traditional bank loan has come and gone. Alternative small business lending resources provide business owners with easily accessible capital without drowning them in a mountain of paperwork and making them wait months for a loan decision.
How the Small Business Life Cycle Affects Your Need for and Access to Capital
As your small business grows and matures, your need for—and access to—capital will evolve. Here are some capital considerations as your business moves through the small business life cycle.
Ready for a Round of Fundraising? A Revolutionary Use of Angel and Venture Investors
Finding the right angel investor imitates swinging back into the dating scene. You need a long-term relationship with someone you can trust. The landscape is undergoing some changes as recently as this month; however, and these changes may have long-term, lasting impacts on small businesses.
Wells Fargo Plans $100 Billion in Small Business Lending by 2015
Traditional banks and regulations have made it challenging for small businesses to secure loans since the beginning of the Great Recession. But that may be changing: As of May of 2014, Wells Fargo has agreed to lend $100 billion to small businesses by 2015.
Not All Businesses Qualify for a Merchant Cash Advance
While your chances of obtaining a merchant advance are far greater than securing a small business loan, there still is the possibility of rejection. A merchant cash advance isn’t for every business. Here’s some advice you can follow to help make sure your small business qualifies.
Restaurateurs | To Go Debt Free, or Not to Go Debt Free?
Some restaurants are going debt-free, but does that make sense for your business? Although some debt is decidedly “bad debt,” other investments can help accelerate your restaurant’s growth. Careful consideration of debt options is essential; read on for questions you can ask for a quick debt self-evaluation.
A Single Digit Percentage Can Double Your Restaurant Profits
A Restaurant Report article demonstrates how a restaurant can double its profit margin when it cuts expenses by a single digit percentage point. The authors assert that the “restaurant industry is a penny business—some would even say a half-penny business,” and as a result, cost-cutting strategies can be tricky. Restaurant owners are rightfully reluctant to sacrifice quality menu items and … Read More
There is No “One Size Fits All” Approach to Small Business Financing
There is no such thing as an “one size fits all” approach to small business finance, although standard loan applications may try to dictate otherwise. What’s your strategy for getting money for your business?
Crowdfunding Growing Increasingly Popular – But Not Without Risk Potential
Crowdfunding provides a way for small business owners to raise funds when traditional financing sources leave a shortfall…but now without its own risks.