A really marvelous example of financial engineering, via email: https://inkind.com/ It's "0%* interest loans for restaurants" and all of the magic is in the asterisk.
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I think that's the disconnect - use of house account? Great customer retention tool! But if, from a cashflow perspective, that all counts as payments against the large debt, your best customers have stopped paying for the ingredients and staff they consume every month.
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House accounts, absent the loan, are a great potential retention and loyalty program. With the loan? Huge potential landmine.
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All these things are true. I certainly have man with a hammer syndrome when it comes to financially managing independent restaurants. It’s a notoriously low margin business and doesn’t respond to ad spend the same as other retail ventures.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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