DoorDash offering restaurant financing to partners

DoorDash is introducing a new merchant service that provides partner restaurant financing in the form of cash advances for its merchants. DoorDash Capital is described as a new merchant service that provides fair and convenient access to financing for eligible merchants. The idea is that at a time when getting investment and capital is more difficult than […]

Offsetting rising restaurant costs in 2021

Restaurant costs were already a burden for operators even before the pandemic raised the stakes. But particularly in the current climate, operators constantly need to adapt to stay afloat, you’ve got to adapt. Restaurant labour costs are rising amid a staffing challenge, food prices have soared in many industry sectors, and logistics costs keep climbing, […]

Government offering $6M funding for Ontario food processors

The respective governments of Canada and Ontario are investing up to $6 million in projects to help Ontario food processors improve their operations, increase their competitive edge and adapt to challenges as we move beyond the pandemic. Applications for this program, available to Ontario food processors and Ontario beverage processors, will be accepted in two […]

Finding success through flexible financing

Calgary’s Blowers & Grafton has thrived during the pandemic thanks to painstaking planning and Merchant Growth’s solutions By Tom Nightingale Foodservice and hospitality is often a fine-margin business even at the best of times. There’s so much to juggle financially, from day-to-day product and operational expenses to salaries, from rent and insurance to health and […]

How to apply for federal COVID-19 small-business support measures

In response to the COVID-19 crisis, the Canadian federal government released a number of initiatives to help small businesses, including those in foodservice. Here are the two most relevant federal programs available for restaurant and foodservice operators, as well as straightforward information on how to apply. Business Credit Availability Program Established on March 13, 2020, […]

Foodee raises $10M to bring the city’s best food to your office

Press release Foodee, a leading corporate meal delivery service enabling companies to order from top local restaurants, has secured the second tranche of a $10M Series A financing led by BDC Capital. Other participating investors include Kensington Capital Partners via the BC Tech Fund, Yaletown Ventures, Structure Capital, and Voyager Capital. Having successfully expanded into 10 cities […]