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There was a Wall Street Journal article a few weeks ago that said banks were being far too lenient about giving out loans to restaurants and pumping money into
by Top19 9y ago
There was a Wall Street Journal article a few weeks ago that said banks were being far too lenient about giving out loans to restaurants and pumping money into an essentially dying, unforgiving market. I actually thought the WSJ was a little hard on the banks, since restaurants are so notoriously hard, but I wonder if this is more of systemic issue.
- acchow 9y agoI really don't think banks give loans to restaurants. I'm gonna need to see a citation here.
- photoJ 9y agohuh? https://www.fundera.com/business-loans/guides/restaurant-loans https://www.fundera.com/business-loans/guides/restaurant-loa...
- Top19 9y agoFair request and it was actually the New York Times so my mistake: https://www.nytimes.com/2017/10/31/business/too-many-restaurants-wall-street.html https://www.nytimes.com/2017/10/31/business/too-many-restaur...
- Analemma_ 9y agoInvestment banks might not loan to individual restaurants, but they absolutely do loan to chains, as well as to PE firms trying to buy those chains in leveraged buyouts.