The COVID-19 pandemic has hit the foodservice industry particularly hard, causing many establishments to close permanently. Nearly 1.3 million businesses were approved for a PPP loan as of February 2021, according to the Journal of Accountancy. Bakery owner Mary Holzkopf is one of those recipients. Holzkopf opened her Huntley, Illinois-based bakery, Blessed Little Kitchen in…
The online application opens Monday, May 3rd, and will remain open until all funds are depleted. The SBA will begin registrations on Friday at 9 a.m. eastern and will open online applications for the $28.6 billion Restaurant Revitalization Fund Monday afternoon. There are three ways to apply to the Restaurant Revitalization Fund. The first option…
You can access the Payment & Financing option through the Print function in AutoQuotes. 1. Choose Print, either next to a project on the main screen or within a project itself. This will open the Report Viewer. 2. Scroll the right sidebar to the Totals section where the Finance & Payment option is located. Click…
Some good news for Restaurants and Hospitality This new round of PPP will prevent public companies like Taco Bell from being eligible. The rules will direct funding toward smaller businesses whose revenues have taken serious hits during the pandemic. The bill also carves out about $90 billion for first-time loan recipients, smaller-scale borrowers, and community…
SEFA members gain access to automated tools for equipment leasing and financing BURLINGTON, Mass., and BARRINGTON, Ill. – (June 4, 2018) – LeaseQ, the online marketplace for equipment financing, and SEFA, LLC, a nationwide network of leading supply and equipment dealers and manufacturers, today announced a partnership to bring financing automation to…
Provide equipment financing and other loan products to restaurant industry faster than any bank BOSTON (Sept. 12, 2017) – LeaseQ, an online marketplace connecting business owners, equipment sellers, and lenders to make selling and financing equipment fast and easy, today announced a national partnership with ARF Financial, the only FDIC-compliant financial lender that provides short-term,…
The latest and greatest kitchen equipment isn’t cheap. However, if you are a new restaurant owner or, a seasoned professional, you understand that having the best equipment is essential to your restaurant’s success. So, if you don’t have a bank account full of money you’re out of luck. Right? Wrong. As a business owner,…
Do you own a restaurant that needs to upgrade or replace its equipment? Have you been thinking it might be a good idea to consider equipment financing, but, not sure how effective it is? Keep reading. This article will help you understand the value of leasing restaurant equipment. Equipment leasing is usually the best and…
What are the benefits of dealing with renting restaurant equipment costs versus standard purchasing costs? All business owners aim to cut their expenses as best as possible, especially when their business is first starting. After all, it’s tough enough starting your business on such limited capital, and when you start your business the last thing…