PayPal Drops Out of Libra. Should You Accept Cryptocurrency as Payment?
This post was updated on October 11th to include information about eBay, Stripe, Mastercard, and Visa withdrawing from Libra, Facebook’s own unique cryptocurrency, following PayPal’s withdrawal last week. Breaking: eBay, Stripe, Mastercard, and Visa recently announced that they are withdrawing from Facebook’s cryptocurrency project, Libra. PayPal, one of the FinTech companies that had pledged toRead More
How to Use Cash App for Your Business: The Complete Guide
Cash App, also called Square Cash, appeared in 2013 as a simple app for peer-to-peer payments and was expanded for business use in 2015. This new cash app might be the answer for small businesses looking for a quick and easy way to accept payments or add another payment option for customers. However, some ofRead More
Google My Business App: The Ultimate Local Marketing Guide
Have you ever wished there was a way to manage everything about your Google My Business profile from one place, whether or not you’re near a computer? Say hello to the new Google My Business (GMB) mobile app! If you’re looking to increase local traffic and don’t yet have this feature-rich tool, you could beRead More
What is Working Capital? How to Calculate it and Find the Best Loan for Your Restaurant
Having enough working capital is vital for keeping things moving in a positive direction as you round the corner after your first year or two in business. 70% of restaurants that make it past the 1-year benchmark close their doors over the next three to five years, as growth-related expenses climb and traffic doesn’t. But,Read More
What You Need to Start a Second Restaurant Location
Do customers keep asking when your restaurant will come to their town? Have wait times for a table during the dinner rush started to turn customers away? Are you having trouble meeting overall demand with just one location? If the answer is “yes,” it’s time to think about expanding your restaurant. Starting a second locationRead More
The 5 Best Financing Options for Restaurant Owners in 2019
Juggling employees, overhead, payroll, taxes, equipment, and seasonal fluctuations, the largest opportunities like relocating your establishment to smallest challenges like replacing broken equipment can seem impossible to busy restaurant owners. To help finance restaurant purchases without disrupting cash flow, most seek outside sources for financing including banks and direct lenders. While this is a greatRead More
8 Ways to Cater Better to Holiday Demand
Fortunately for businesses with catering services, not everyone wants to cook during the holidays. Many want someone else to cook for them. We’re talking anywhere from normal-size family orders, to large-scale holiday dinner parties. But is your business ready to make the most out of the upcoming holiday season? Every food and beverage company, from catering businesses,Read More
How Revolving Credit Lines Prepare Restaurants for the Unexpected
Restaurant owners specifically carry the responsibility of having to be constantly financially prepared for any challenge or opportunity that arises-the good and the bad. In these times of small business growth, restaurant businesses are able to acquire revolving business lines of credit once again, equipping them with the capital they need to immediately resolve any issue, andRead More
4 Restaurant Loan Options for Managing Seasonal Cash Flow Fluctuations
Restaurant owners don’t need to be reminded of the adage “the only constant in business is change,” because they personally experience it almost like clockwork with seasonal fluctuations — such as the peak summer period from June to September, or the crucial holiday season from late October through to January 1. Naturally, seasonal demand surgesRead More
Restaurant Loans for Bad Credit with NO Minimum FICO Required
Restaurant loans for bad credit borrowers can seem nothing short of impossible to get your hands on. Banks and most lenders think that credit score is the sole defining factor for qualification. The Good News There are many restaurant financing options that do NOT have minimum FICO requirements! Here’s the 4 most popular restaurant loans forRead More