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Free guide offers insight on working capital loan options

May 12, 2016

The consumer comparison service, SmallBusinessLoanRates.com, launched a campaign this week to help restaurant owners handle business financial challenges. The service is offering a free e-book and infographic, both aimed at the specific needs of restaurant owners. To download the free resources, click here.

Past studies indicate 60 percent of new restaurants fail within the first year, according to a press release. One major reason is a problem with cash flow resulting from everything from mismanagement to weather and the economy.

The e-book, The Restaurant Owner's Guide to Avoiding Financial Disasters, explores the frequent challenges restaurateurs face. The tome provides information on how certain types of working capital loans can help restaurants both stay afloat and thrive.

The guide's features include:

• Working capital loans explained vis-à-vis small business.
• Types of working capital loans.
• Seven primary ways restaurants can use such loans.
• Advantages of this type of assistance.
• Disadvantages of this type of assistance.

"Many small business owners work hard to make their restaurants succeed, only to be thwarted by unexpected cash flow issues. Luckily, a little bit of planning can help forward-thinking business people avoid cash flow problems," said SmallBusinessLoanRates.com CEO Danny Samoohi.