
Red Robin refinances after transferring 108 restaurants
Completed restaurant transfers preceded Red Robin’s five-year refinancing. Its pricing and coverage tests account for debt and rent.
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Completed restaurant transfers preceded Red Robin’s five-year refinancing. Its pricing and coverage tests account for debt and rent.

The updated SBA manual separates initial acquisitions from qualifying expansions, ties earnings reviews to the business purchase price and sets conditions for equity contributions.

The Wendy’s operator is seeking financing and court approval for employee payments.
WOWorks ties franchise fee reductions, refunds and royalty relief to development commitments. Operators need to put the incentives on the same calendar as their openings.
SBA loan defaults hit a 12-year high in 2024. The 7(a) program posted its first negative cash flow in 13 years. Restaurant lending standards are tightening. For overleveraged QSR franchisees, the math is getting ugly.