Panel: More lenders vie for restaurants' business

11/7/2013 | Nation's Restaurant News (free registration)

Financing options for restaurants have increased substantially in recent years after hitting bottom during and after the recession, with a greater number and variety of lenders competing for borrowers who need funds for acquisitions, remodels and brand development, said panelists at the 24th annual Restaurant Finance & Development Conference this week. The competition can mean more favorable loan terms, but operators shouldn't borrow just because they can, said CIT Group's Bob Bielinski. "Borrowers have to be responsible for their own balance sheet and capital structure," he said.

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