There May Not Be Enough Cooks In The Kitchen

By Author: Seth Mossberg
Total Articles: 3
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Mother Nature can be very cruel at times, especially toward restaurants which depend heavily on walk-in traffic and delivery service. Children – and some adults – love all the unexpected winter snow. Schools are cancelled; businesses are closed; people are warned not to drive because conditions are too dangerous. However, they are hugely disappointed when they call their favorite pizza place or Chinese restaurant just to discover that the restaurant is in a worse predicament than the individuals.

When a restaurant cannot open for several days, maybe up to a week, because of inclement weather or power outages it has a trickle-down effect. Since there are no customers, there is no revenue. Since there are no deliveries, drivers are not making any money. If there has been a power outage, it gets even worse.

All restaurants have freezers as well as regular refrigeration units. If the power goes out, there is no electricity for the freezers or refrigerators. If it is just a matter of 48 hours or so, the freezers should be fine because the doors have not been opened and closed. However, everything in the refrigerators ...
... needs to be thrown out. The establishment has not been open for four days so those sales are lost for good. Everything in the refrigerator has to be replaced. With no sales and no revenue, how is the restaurant owner supposed to pay bills as well as replenish his stock? Perhaps it is time for a restaurant loan.

Restaurant loans are really a well-kept secret that has finally hit the streets. There are special lenders who understand the restaurant business far better than a bank or neighborhood finance company. There are intricacies that only those who have been in the business can understand. Companies who offer restaurant loans speak the same language as the restaurateur and know there are peaks and valleys, good times and not-so-good-times. They understand the necessity of paying bills on time so that purveyors and vendors continue to give timely service.

There are many benefits of a restaurant loan. Generally, you can apply on-line in a safe, secure environment. There is no humiliating trip to your local banker. Because the transaction is between the owner and the lender on-line, the loan is confidential. No employee needs to know there is a money issue. The funds can be direct deposited into the business account in a matter of days, not weeks. And rather than page after page of a traditional loan, a restaurant loanrequires very little paperwork.

Because the lender understands the food and beverage industry, payback terms can be arranged that are convenient and easy to live with. A restaurant loanfrom a reputable lender can give the business owner time to make up the lost sales that were due to circumstances way beyond his control. One the restaurateur becomes a happy customer, the restaurant loanlender will become a friend that can always be called in a time of need.