Operators’ battle to pay restaurant rent continues, but the situation appears to have eased slightly. Alignable’s October Rent Report found that 43 per cent of small businesses and 41 per cent of restaurants were not able to pay their October rent in full. For general small businesses, that’s an increase of five per cent over September, […]
Press release The Ontario government introduced on September 17 the Helping Tenants and Small Businesses Act that would, if passed, freeze rent in 2021 for most rent-controlled and non-rent-controlled residential units. The bill would provide the vast majority of Ontario’s tenants with financial relief as the province continues down the path of renewal, growth and economic recovery. […]
During the COVID-19 crisis, restaurants around the world will have to make a concerted effort to stay in the pink of financial health.
Applications are being staggered based on property location and size to help offset the expected interest in the program.
The organization reports 48 per cent of its members indicated they have not been able to pay their rent during the pandemic.
Press release Silver Chef, Canada’s leading dedicated hospitality funding partner, recently announced $500 million dollars to provide to Canadian hospitality businesses, to help them grow and achieve their potential over the next five years. The $500 million investment is open to all Canadian hospitality businesses, including restaurants, coffee shops, pubs, clubs and franchises. This financing […]