Restaurant Finance Across America
Archived postings from October, 2009...
President Obama to Banks: Lend or Else!
Posted: Sat, October 24, 2009 at 8:49pm (CDT)
Bank credit is tight in the restaurant business and throughout much of small business. There are two reasons: Many restaurant companies and small businesses are showing declining sales and some are now showing losses due to the recession. And, banks are being hammered right now by the FDIC over their previous lending policies. The harder the FDIC comes down on the banks, the more banks contract their lending to small business. President Obama demands that banks start lending again to small business. Don\'t look for banks to respond positively to his remarks.
White House Transcript October 24, 2009
Casual Dining Slump Continues Unabated
Posted: Tue, October 20, 2009 at 7:30pm (CDT)
Brinker reports a six percent decrease in comparable restaurant sales for the quarter ended September 30, 2009.
Brinker International Press Release October 20, 2009