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SBA Changes Rules for Payroll Protection Loans-Raises Interest Rate to 1%, Reduces Maturity from Ten Years to Two and Requires 75% of Loan Proceeds to Cover Payroll Costs

Concerns from participating banks about the amount of interest they can charge for Payroll Protection Loans, and continued questions about eligibility and use of proceeds, forced the Small Business Administration (SBA) to issue revised loan guidelines late Thursday night.

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Relief on Tap for Restaurants and Franchise Businesses

Options for beleaguered restaurants owners are quickly mobilizing and here is what you need to know. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, recently passed by Congress and signed by President Trump on March 27, allows the Small Business Administration (SBA) to guaranty $349 billion in loans to small businesses that have been impacted economically by the virus.

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Covid-19 and Restaurants: How to Leverage Your Accountants and Lawyers

Obviously, these are tough times for the restaurant industry. It behooves restaurant owners to effectively use their advisors, particularly their accountants and your lawyers. Your goal is twofold: Communicate most effectively with all the constituencies you have to deal with and be in the best position possible coming out of this crisis.

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Answers to the Five Most Frequently Asked Questions After a Restaurant has Closed

If you’ve had to close your restaurant, you will need to make plans for your inventory and your employees. If you’ve done that, then you are probably hunkered down at home and thinking - now what?

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Message to Restaurant Owners: Stay Open!

Along with you, we are closely watching the impact COVID-19 is having on our communities and businesses. We understand the tremendous impact that the restaurant and franchise industries have on the economy.

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The Ultimate Challenge for Restaurants: Surviving the Covid-19 Event

The challenges for restaurants from the Covid-19 virus are formidable. Here are some ideas to ensure the viability of your business at least until the all-clear signal is given.

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Dynamic Restaurant Market Keeps Peak Franchise Capital’s Mike Elliott Busy

Peak Franchise Capital Co-Founder and Managing Partner Mike Elliott admits he came out of college with an accounting degree, only to realize he didn’t really want to be an accountant.

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Burke says Citizens’ acquisition opens up breadth of services

In an interview with the Restaurant Finance Monitor, Trinity Capital Managing Director revealed how Citizens Bank’s acquisition of his firm materialized.

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Citizens Financial Group Expands Corporate Finance Team with Trinity Capital Acquisition

Citizens Financial Group, Inc. announced a definitive agreement to purchase the assets of Trinity Capital.

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Brookwood’s Amy Forrestal Helps Clients Navigate M&A Market

The mergers & acquisition market for restaurant franchisees and multi-unit restaurant brands has changed dramatically over the past three decades, and Brookwood Associates’ Amy Forrestal has had a front row seat to that evolution.

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The Best Performing Restaurant Stocks of 2019

2019 might be considered an off year for public restaurant chains as only seven companies outperformed the outsized 28.9% return of the S&P 500 benchmark. However, the industry’s stock market benchmark, the Restaurant Finance Monitor Stock index, weighted 70% in quick-serve restaurants and 30% in casual dining ones, returned 16.74%, an otherwise impressive performance.

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Trinity Capital’s Burke Tackles Complex Financing Structures

One of the notable career achievements for Trinity Capital founder and managing partner Kevin Burke is the role he played in helping to develop and broaden what has become a $12 billion national franchise loan securitization market on Wall Street.

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Bank of America Hires Relationship Managers, Credit Positions

Bank of America Merrill Lynch recently hired four executives to expand their Restaurant Group there.

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CoreLife Eatery— A Brand on the Move

CoreLife Eatery, based in Binghamton, New York, is building a lifestyle brand from the inside out. CoreLife embodies an intersection between “we are what we eat” and “find what works for you.” The company further describes its objective: “Food determines how you feel, how you look, and most importantly, how you perform.” Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.

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Will Your Retirement Lunch Menu Change In A Recession?

There have been many articles written, sporadically timed, about the impending recession. The timing of such a projection has been challenging. During our Toroso investment committee meetings we too often discuss this risk as well as many others that can affect portfolio outcomes.

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