Restaurant Industry Update – March 2012
By: The Funding Team
You can’t offer restaurant loans without knowing what’s happening in the restaurant industry! We play close attention to news and information provided by the National Restaurant Association. A recovery is under way but rising gas prices could keep consumers at home. Overall, the following statistics were reported:
Restaurant Performance Index: Down .8% from December, 2011
Restaurant Industry Employment: Up 33,000 Positions in January, 2012
Wholesale Food Prices: Up 5.8% in January, 2012
Menu Price Inflation: Up 3.1% in January, 2012
How can you expect your banker to understand your business if they’ve never worked in food service themselves? Many of us in the Merchant Cash Advance Industry have either worked in restaurants or owned them. Bottom line: We get it. Inquire through our website and we’ll be happy to reach out and discuss your passions, your challenges, and your restaurant. We just may also be able to provide you with capital.