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Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. Mortgage interest payments Rent Utilities The government also offers 100% forgiveness on the loan principal as long as the funds are used on the appropriate expenses.

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Attention Restaurants: DoorDash Will Eat Your Profits and Loan You Money

EATER

DoorDash Capital is actually a cash advance and a fee, okay? In a FAQ on the company website , DoorDash is very clear that its new financing product is a cash advance, not a traditional loan. Shutterstock. The move comes as no surprise for anyone who’s been watching DoorDash over the last year.

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Restaurant Hiring: Navigating the Labor Shortage

7 Shifts

Unemployment benefits—augmented by federal government support—are providing security that restaurants have not been able to over the past year. The past year has turned servers into expert delivery packers, challenge chefs' creativity, and flipped the role of a restaurant manager on its head. Consider your website. GoodFoodJobs.

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How to keep your food business going during the COVID-19 / corona crisis

Deliverect

Governments all over the world have been ordering restaurants, bars and other food businesses to close up shop - until further notice. One way to still serve your customers is through delivery or takeaway - two options that are supported by most, if not all local governments of the countries and areas in lockdown.

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8 Ways to Navigate The Restaurant Staff Shortage

Lavu

Additionally, the enhanced unemployment benefits provided by the government during the pandemic have made it financially feasible for some workers to stay unemployed instead of searching for a job in the restaurant industry. This has created a disincentive for individuals to return to work.

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Checklist For Reopening Your Restaurant

Modern Restaurant Management

Even though the COVID-19 pandemic persists across the globe, governments have started easing lockdown restrictions and allowing restaurants to reopen finally. For their safety and convenience, enable delivery and payment services that allow customers to pay without cash, as well as choose when and how their order should be delivered.

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What Now? COVID-19 Survival Guide for Restaurants

Modern Restaurant Management

Due to the Covid-19 outbreak effect on the restaurant industry, Modern Restaurant Management (MRM) magazine is compiling a list of resources available for restaurant owners, operators and managers. To be added to this guide, reach out to Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.