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New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

Businesses that benefited from PPP loans were required to meet the “necessity certification” requirement and consider alternative sources of liquidity, while also taking into account “affiliated” businesses, prior to submitting a loan application. The PPP’s Necessity Certification and Affiliation Rules.

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Four Things Bar and Restaurant Owners Should Consider in their Coverage 

Modern Restaurant Management

With the laundry list of everything bar and restaurant owners need to handle on a daily basis, proper insurance coverage should be top priority. Proper communication with the insurance agent about all the ins and outs of the restaurant can help set up the policy right from the get-go.

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How to Deal with Legal Regulations Affecting Your New Restaurant

Open for Business

The experts that you’ve hired to help you — specifically your designer, architect, and contractor — will help you get through everything, but you’ll need to be an active part of the process and take on responsibility as well. Jennifer says, “It’s really important to understand that city agencies don’t communicate with each other.

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In Uncertain Times, Food Liability Insurance Helps you Prepare for the Worst

The Food Corridor

The way to mitigate the risk is to take out a robust insurance policy. However, anyone who’s dealt with an insurance broker probably knows how painful this experience can be. First, you fill out an application form, which asks you for every detail of your business history from the last decade.

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How to Add Products to Your Restaurant’s Sales Mix

Modern Restaurant Management

The first step, of course, is figuring out what you want to sell. Once you know what your product is, cost out the recipe as you currently make it. Next comes figuring out how much to make. First, take stock of normal in-house use in the kitchen – consider how frequently are you making batches in your own restaurants.

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Top Advice For Graduates Trying to Start a Career

Society Insurance

If your school provides networking events, take advantage of as many events as possible. If you haven’t learned about benefits during any of your courses, take this time to research and understand employer benefits, especially 401k. Check out our article on it. Want to learn more about overcoming imposter syndrome?

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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market. This means the bank is partially "insured" in case somebody is unable to repay them.

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