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BIZLENDER BLOG


SEP
23
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According to data published by the Wall Street Journal last week, the franchise Cold Stone Creamery defaulted on 29% of working capital loans backed by the government, impacting taxpayers by millions. Quiznos' default rate was 30%, while the company filed for bankruptcy in March. Yet both brands remain eligible for SBA-backed loans. Why?
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15
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Lately there's been lots of chatter about The Olive Garden's new look. Facing declining sales, the restaurant chain underwent a cosmetic change via their logo, bringing a bit of sophistication to the old-world traditional look that has been Olive Garden's identity since 1982. Darden Restaurants is calling the changes a "brand renaissance;" while they updated their logo, they've also launched menu updates, interior renovations and online ordering options. But the question is, is the new logo enough to entice drive-bys to become walk-ins?
SEP
08
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You're on the verge of really good growth, but you need more cash. If you hire three more people, you'll hit all of your production goals. There's a golden opportunity right in front of you, but you need to capitalize now. When you sense your business is about to take a leap forward, but you need capital to make it happen, quickly, you are in a good spot to consider a merchant cash advance. In exchange for money now, you are giving future earnings to a lender with each swipe of a customer's credit card, but you're paying your debt every day, rather than in a lump sum, often making the obligation easier. It sounds good, and it can be great, if you do your homework.


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