July 2021



July 26, 2021 – The Muny at St. Louis’ Forest Park opened its 103rd season with a performance of Smokey Joe’s Coffee Monday evening with a crowd almost full. Smokey Joe’s Coffee has been Broadway’s longest-running musical revue and features 39 songs written by Jerry Lieber and Mike Stoller, including Stand by Me, Poison Ivy, Jail House Rock and Spanish Harlem.

There are many reasons to return to Muny and see Smokey Joe’s Coffee. First, the casting is dynamic. Second, the group, led by Music Director / Conductor Abdul Hamid Royal, provide top notch accompaniment. Third, the decoration of the whole is absolutely magnificent. Fourth, there are times in this production that simply shine, especially when the well-known hits of Lieber and Stoller are performed.

Before you go, understand that Smokey Joe’s Coffee is a simple musical review. Music is alone without the support of a book or a story. During times when lesser-known songs are being delivered, the show can become mundane. To overcome the lack of history, The Muny has assembled a charismatic and talented cast who support each other as a dedicated ensemble. From the first notes sung, it was obvious that this group of talented singers would offer exceptional voices with close harmonies. What you don’t see coming is the juggernaut that is Tiffany Mann. Ms. Mann is a vocal powerhouse who owns the stage. She and her gospel-like voice take you to church with every song she delivers. It was evident during the opening night recall that his work stood out among this incredibly talented ensemble. The rest of the cast includes Charl Brown, Michael Campayano, Mykal Kilgore, Hayley Podschun, Dee Roscioli, Christopher Sams, Nasia Thomas and Jason Veasey and all of them offer stellar vocal performances.

Edward E. Haynes, Jr. The set design is a nod to St. Louis’ historic Gaslight Square. The decor transports the public to the late 1950s and early 1960s. It has created an ensemble that is both nostalgic and beautiful. This magnificent set design, with its attention to detail, recalls the Tony Award-winning stage design of the Roundabout Theater Company for the 2016 revival of She loves Me.

Smokey Joe’s Coffee is an entertaining offer to open the new season at Muny. The show is sponsored by Ameren and runs until August 1. To purchase tickets, visit or visit The Muny Box Office in Forest Park.

Next up at Muny is The Sound of Music, sponsored by Edward Jones, August 3-9, 2021. For more information, visit

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OUR ADVICE: Continue to be patient with restaurants during times of job shortages and other COVID-19 issues – LaGrange Daily News

A a few months ago, we wrote an op-ed asking the public to be generous and understanding when going out to eat or shopping in a retail store. For whatever reason, hiring for these types of jobs has been a real challenge in recent months as we come out of the COVID-19 pandemic.

We updated the hiring challenges over the weekend, and while it seems to have improved for some, others are still struggling to find reliable employees who can do a good job.

With that in mind, we encourage you to continue to insist on patience when you are on the move. These retail and restaurant positions are all essential jobs that often have low wages and long lines of customers to deal with. And unfortunately, some of these customers are impatient, don’t understand, and are in a bad mood.

It doesn’t have to be that way.

Everyone hates standing in line or looking for a waiter who has seemingly disappeared at a restaurant, but it’s not the most important thing that happens in our lives, either. It’s a little speed bump during the day, and hopefully that’s how you see it, especially now when these companies are struggling to find good workers.

For example, many waiters can help more tables than normal right now, so keep that in mind if your sweet tea glass has been empty for an extended period of time.

There is also another way to help.

Not only should you keep going to your favorite restaurants and stores as a sign of support, but also keep all available positions in mind. Often the best way to find out about a vacancy is by word of mouth, and people often appreciate what their friends and family have to say.

It’s much nicer than an Indeed or Monster job posting. If you know someone who might be a good fit for you, tell them about the job.

We value everyone in these industries because they provide an essential service and give us an outlet when we are away from work or spending time with family. Keep this in mind when shopping or dining out.

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Houston Numbers nightclub movie finally debuts this weekend

Scene from the documentary on the Numbers club in Montrose, “Friday I’m in Love”

Photo: Courtesy

Numbers in Montrose is one of America’s oldest nightclubs and an iconic part of Houston’s nightlife and counter-culture. Despite this, it is also a place whose history is often as smoky as the dance floor. So many monsters, geeks, weirdos and outcasts have made it a hotbed, the history of the club itself has in many cases defied description.

Then comes Marcus Pontello, 33, a director and producer who has worked hard to try and tell the story of Numbers for nine years. Finally, Pontello is set to show off the finished product, “Friday I’m in Love,” and it’s a remarkable triumph of musical documentary filmmaking. Putting together nearly 50 years of history has not been an easy task.

“If I had realized how difficult it would be to tell this story, I might have run screaming the other way,” says Pontello. “The love of this place, being filled with happiness and bliss, it propelled me forward. Once I started diving I realized I couldn’t go back.

The history of Numbers dates back to the 1970s when Bev Wren opened an extremely naughty dinner show. Pontello expresses the joy of transforming a performance hall into one of the city’s premier gay nightclubs. The link with LGBTQ + culture remains strong to this day.

‘Friday I’m in love’

When: 7 p.m. July 31 and 6.30 p.m. August 1

Or: Numbers, 300 Westheimer

Details: Free with $ 20 entry to the club; $ 100 VIP; DJ Mina then spun the 80s and 90s classic.

Houston’s Numbers nightclub isn’t the only Texas hotspot to be the subject of a documentary. The stylish Starck Club of Dallas, the Philippe Starck-designed space that burned brightly for just five years from 1984 to 1989, was a haven for visiting celebrities, cutting-edge electronic dance music enthusiasts and cultural misfits. alienated from ’80s North Texas life. The guest list included Tom Cruise, Madonna, George W. Bush, Prince, Red Hot Chili Peppers, Robert Plant, David Bowie and RuPaul. Grace Jones performed there. The club scene in “Robocop” was filmed there. But success led to excesses – the place was drowned in the drug Ecstasy – and a high-profile Dallas Police raid helped usher in the Starck’s decline. All of this is convincingly covered in “Sex, Drugs, Design: Warriors of the Discotheque”, the 2013 film by Joseph F. Alexandre. Available on Amazon Prime Video.

-Cary darling

Over the course of “Friday I’m in Love,” whose title is inspired by the 1992 song by The Cure, we see the evolution of Numbers into something subtly remarkable. It was a refuge for the oppressed during times of great social unrest. Pontello skillfully weaves the history of the city into the growing club institution. These include the birth of the gay rights movement following an appearance by Anita Bryant in Houston, the KKK marches where they were yelled at by leather dads and drag queens, and the murder of Paul Broussard in an anti-gay hate crime in 1991 which highlighted the shadow of pervasive violence.

“My interest was just the story of Numbers, and delving into it it became” how does that relate to Houston’s biggest counterculture scene? “”, explains Pontello. “I realized that Numbers was more than a club. It was a part of the city. There is a magnifying glass of the amazing things going on inside the walls of the club, but what was going on outside the walls in the neighborhood, Montrose, is so intertwined with everything.

Speaking of what’s inside, Pontello has managed to gain incredible access. . In addition to interviews with acts such as Erasure and Ministry, Pontello was granted permission to use clips from the videos created by the late owner Robert “Robot” Burtenshaw. The DJ / VJ was a famous recluse man who never allowed his iconic music video creations to be released on the internet, creating a significant but eternally fleeting part of the Houston art scene that could only be experienced on the dancefloor by Numbers.

What Pontello shows finally gives us something about an intimate look at Robot, including childhood films he would incorporate into music videos and an appearance by Houston industrial group Bamboo Crisis at his beau’s birthday party. -girl.

Most important is the feeling of love and even reverence with which Pontello infuses the story. They portray Numbers as a place that has continually attracted those outside the mainstream for decades. The film shows aging leather dads still happy to be part of the crowd, legendary DJ Bruce Godwin dancing in his pastel suburban shirt on the floor and a surprising legion of young patrons basking in the nostalgia and sheer continuity of the venue. . Like a jigsaw puzzle built from the lost pieces of other puzzles, Numbers has a twisted and eerie expression of what it means to be a part of Houston.

“Since COVID, especially since people are dying to be back out there, there are a lot of fresh young faces,” says Pontello. “They experience music that they didn’t even have growing up. There is a feeling there of an inspired crowd feeling what has happened before. “

Those screenings at Numbers himself are probably the only chance people have to see the movie for quite a while. Pontello is still in the process of securing various music rights, which means it will be a long time before you can stream “Friday I’m in Love”. As such, you should definitely take this opportunity to find out about Pontello’s love letter to Numbers. As more and more of the bizarre’s beloved haunts disappear, it’s especially important to set the record straight on club history.

Jef Rouner is a Houston-based writer.

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Bar sued for game in which customers hammer nails into stump

Throwing darts is good. Throwing axes is pretty straightforward. But if your bar game is all about nailing a stump, things could get tricky.

A Minnesota bar has been charged with infringing the trademarks of another company by allowing patrons to participate in driving nails.

According to the lawsuit, the lumberjack in Stillwater had purchased a one-year license for the Hammer-Schlagen-branded game, in which contestants see who can drive a nail into a stump with the least amount of hammer blows.

At year’s end, the owners of the Lumberjack did not renew their agreement with the licensor, a company called WRB Inc.

Several months later, according to the lawsuit, the WRB chief executive stepped into the lumberjack and saw four of his company’s “dressed” stumps take hold. Other customers called the game Hammer-Schlagen, as did employees when they asked their visitor to buy a $ 2 nail for them to play, he said.

The lawsuit alleges that the lumberjack engaged in “illegal, unfair or fraudulent commercial acts of unfair competition” in violation of state law through his unauthorized use of the WRB trademark and trade dress.

In addition to defending its name and the appearance of the equipment – stump, hammer, brackets – WRB claims brand protection for slogans such as “hammering yourself”, “being nailed”, “bending” and “having wood? “

Lumberjack owner Sara Jesperson said Thursday she could not comment on the ongoing litigation.

Hammer-Schlagen – “schlagen” meaning “to strike” – was invented by the son of German immigrant bar owners in Grant, Minnesota. In the 1980s, another member of the family standardized the game and its equipment and gave it the brand name. The resulting company, WRB, acquired federal trademark registration for its logo in 2000.

Last year, the WRB filed a lawsuit in the United States District Court alleging that a Chaska faucet room had been using a counterfeit Hammer-Schlagen strain since 2019. Both sides settled the case. in March ; the taproom is no longer authorized to use the game.

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Reveller, 25, catches Covid after ‘kissing seven men’ at nightclub on UK Freedom Day

A club fan who caught Covid after kissing seven men on Freedom Day says he has no regrets.

Jack Jackson was among hundreds who attended London’s Heaven nightclub grand reopening at midnight on Monday as England entered Phase 4 of the lockdown easing.

The 25-year-old, who has over 23,000 subscribers on TikTok, admitted to “getting back with seven guys” on the dance floor, but reality struck the next day when a lateral flow test came back positive , reports My London.

Night spots across the country have seen queues of excited punters meander around street corners to mark the end of restrictions.

And the Strand venue saw balloons and confetti raining down from the ceiling as revelers partied into the early hours of the morning.

Did you catch Covid after going clubbing on Freedom Day? Let us know at [email protected]

Jack Jackson tested positive for Covid after a night at the Heaven club in London

But Jack’s experience is a timely reminder that the virus has not disappeared, with cases increasing rapidly, including in all the districts of the capital.

Speaking on TikTok, he waved his positive test before attesting that he didn’t regret being out.

“So yeah, obviously I went to Heaven on Sunday and damn I had Covid,” he said.

“Do I regret kissing seven guys that night? Absolutely not.”

He continued, “It was such a good night and we have to live our lives now.

Jack Jackson tested positive for Covid after a night at the Heaven club in London
Jack now faces two weeks of isolation

“But yeah, I’m fucked up with Covid, like it really fucked up cause it’s actually shit **.”

It comes as figures show the number of people hospitalized with coronavirus in England has reached its highest level since March – a 30% increase from last week.

The latest figures from NHS England show the country is seeing the highest number of hospital patients after contracting coronavirus for four months.

4,401 hospital beds were occupied by confirmed Covid-19 patients as of Friday – the highest level since March 22 and a 30.7% increase week-over-week from 3,367 people hospitalized on July 16.

Despite this, the numbers are still well below the peak of the second wave when the number of patients in England reached 34,336 on January 18.

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Truck crashes in Il Violino’s outdoor coffee shop

On Thursday afternoon, a U-Haul truck crashed into Il Violino’s outdoor dining area, located at 180 Columbus Avenue at 68th Street.

We contacted the restaurant and the NYPD, and luckily no injuries were reported.

Il Violino’s beer garden has become a neighborhood staple for its seasonal themes. Last winter it made our list of cute holiday displays for this very Christmas dining room structure.

photo by @heelsandmacarons_

While alfresco dining has boosted New York City’s spirits since the start of the pandemic, some safety concerns have not received much attention.

In an article written by our sponsors at the Gray law firm, the attorneys mentioned that the regulations “are primarily concerned with social distancing, disinfection practices and personal protective equipment, workplace practices, hygiene, screening, etc. shared public space ”, adding that there is a real“ danger of a vehicle entering the dining room of a restaurant in the street ”and that“ most [the] transient structures provide little or no real barrier between the guests and the rushing vehicles.

This is not the first incident in which a vehicle crashed into a sidewalk café. In March, eight people were injured when a pickup truck crashed into a car, sending it to an outdoor dining room on East 50th Street, ABC7 reported at the time.

In April, a driver fatally struck a person on a scooter before crashing into a beer garden in Queens, also injuring a restaurant patron, the New York Post wrote at the time.

When we shared the video of the scene at Il Violino on Instagram, most of the people who responded expressed gratitude that no one was hurt, while also sending positive wishes to the restaurant owners.

A handful of comments blamed the frequent reckless driving they see in this part of the neighborhood. One user said that “people ride Columbus in this area like it’s a nascar track”, while another user mentioned that this has happened before at the same restaurant.

When one user said “these things need to be deleted” the comment was quickly greeted with responses like “shut up” and “lame”.

Sharing is loving!

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A record number of restaurants are opening in New York. Kind of.

The return of restaurants. The season of hedonism. New York summer. There is no shortage of names to describe what is happening on the streets of New York once laden with yurts, but Nicole Biscardi believes there might be room for another. “This is the start of the restaurant renaissance,” says Biscardi, hospitality industry specialist at the Brooklyn Chamber of Commerce.

In July 2020, when the five boroughs became an epicenter of the coronavirus around the world, city officials struggled to document the number of restaurant closings across the city – there were just as many. About a year later, the opposite is now true: New York is having one of its busiest restaurant opening seasons in over a year. Even if it’s not that busy.

Restaurant openings are on the rise again in New York City, but seen through the prism of pre-pandemic openings data, the renaissance is more like a slow recovery. “People might think restaurants are blowing doors, making money hand in hand, opening left and right, but they don’t realize how devastated the industry has been,” Biscardi said. “Even though it looks like things are back, they still aren’t.”

Nearly 700 restaurants opened between March and May 2021, according to the latest data available from Yelp, but more than 1,000 opened during the same period in 2019. May is generally one of the busiest months of the year for restaurant openings, the number of new openings fell by 300 restaurants from 2019 to 2021.

Restaurant reservation company Resy estimates that roughly the same number of businesses opened on its platform between April and June 2021 as during this same period in 2019. However, the reach of the company has more than doubled in recent years, from around 2,000 restaurants at the end of 2018 to more than 5,000 the following year, suggesting that openings have not kept pace with the company’s growth.

Still, this is an encouraging increase after a year that interrupted even the city’s busiest seasons for restaurant openings. Over the past year, Biscardi says she has monitored restaurant openings across the city, examining a workload of more than 600 businesses grappling with seasonal weather conditions and changing regulations. In the fall, when indoor dining briefly returned to New York City, there was a “panic” about how loosely worded state policies would play out in reality, she says. After the restaurants inside closed two months later, most of the restaurateurs she spoke to “were crying hysterically”, unsure whether their businesses would survive the winter.

By the spring, restrictions on coronaviruses had started to loosen and something became apparent, Biscardi says. In a year of ups – and especially downs – some restaurateurs were holding their breath, planning new projects, and waiting to launch those that were already in preparation before the pandemic. Now well into the summer, restaurant openings “shoot like a shotgun,” she said.

Aldama, located in the former location of Williamsburg Bar Loosie Rouge, opened in June.
Adam Friedlander / Eater

Granted, the number of restaurants open between March and May 2021 is down from 2019, but year over year the number of new food businesses is up about 92%, according to Yelp data. . Between March and July, about 1,300 additional establishments applied for permits through the New York Department of Health and Mental Hygiene, although that number also includes non-restaurant food businesses and renewals. existing restaurants.

Spring and fall were typically the busiest seasons for restaurant openings before the pandemic, but the latest increase in numbers is the culmination of a year-long “bottleneck”, according to Biscardi. “Because of the time it can take to plan and open a restaurant, there were a lot of restaurants waiting in the pipeline,” she says. When the pandemic restrictions on restaurants and bars started to ease, “people who were even kind of ready to go said, ‘Fuck it. Let’s do it now. ‘”

This is the case with Hand Hospitality, the successful group behind Her Name is Han and Izakaya Mew. Emboldened by the city’s reopening, Hand launched Little Mad in early June, a Korean-American restaurant in Nomad located in the same group’s former On space. Hand plans to expand with a second restaurant next month, a Thai establishment that has been under construction for more than a year but has been suspended due to the pandemic.

The openings were spurred by a feeling – that “everything is coming back slowly,” a spokesperson for the hotel group told Eater – but also a fear. “If we don’t do it now, how long later can we wait?” ” they say.

Hand Hospitality has reallocated its restaurant spaces, but elsewhere in New York City openings are being spurred by ‘fire sale’ rental deals made earlier in the pandemic, according to Andrew Moger, founder of local sandwich chain Melt Shop and real estate development company BCD. “The things that are opening up now are deals that were made during the pandemic,” when rents were reduced by 30 to 50 percent in parts of the city, he says. “It’s not like you sign a lease now and take it over the next day. It takes time.”

A luxe dining room with gold trim, red and orange booths, custom light fixtures, and fruit on display

Restaurateur Andrew Carmellini opened Carne Mare at the South Street Seaport in June.
Nicole Franzen / Carne Mare

For operators with capital earlier in the pandemic, the investments are starting to pay off. Blank Street Coffee, which opened in Williamsburg last August, now has a double-digit line of brick-and-mortar coffee carts and cafes to its credit. Founders Issam Freiha and Vinay Menda plan to open 20 more locations in New York City by the end of the summer, they say, about a third of which will be brick and mortar.

“We were the only bid most of the time,” Menda said of lease agreements made around the same time last year. “We had all the time in the world to decide what we wanted to do. “

These same opportunities are rarer today. Brandon Pena is the founder of Puerto Rican roaster 787 Coffee, which nearly doubled its number of locations last year – from four to 11 – by signing leases on coffee spaces that closed during the pandemic. He estimates that rental prices have increased by around 20% compared to the same period last year. “There are a lot of restaurants opening and everyone is trying to get the best price,” says Pena, who outbid three cafe spaces in June alone.

“Everything we’ve looked at, the prices are going up because they have deals now,” he says. “Before, they didn’t have anyone.

Food courts may relocate again, but experts say New York City’s economy may still be years away from returning to pre-pandemic levels and may be slower to rebound than other regions metropolitan areas of the country. Other factors, including the end of the state’s hiatus on business evictions on September 1 and the depletion of the Restaurant Revitalization Fund, mean a slight increase in restaurant closings could be on the horizon.

Biscardi will be the first to say that she is not a “fear sower” – or a city-wide economics expert – but as someone who has been on the ground with restaurant owners and bars over the past year, she thinks “we’re on the right track. return ”, even if it is long. “Even under perfect circumstances – everything is open, the rules are lifted, people want to come out – I think we are looking at another two or three years,” she said.

Still, a rebirth is a parent, and Biscardi expects restaurants and bars to keep opening, especially as New York City draws closer to its second busiest season for openings: the fall.

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BrewDog Suffers £ 13million Loss as Bars Close Amid Craft Beer Boom | Food industry

BrewDog Suffers £ 13million Loss as Bars Close Amid Craft Beer Boom |  Food industry

BrewDog swung into the red last year as booming sales of its craft beers online during closures from the Covid-19 pandemic failed to offset the impact of bar closings.

The Aberdeenshire-based company suffered a pre-tax loss of £ 13.1million in 2020.

And this despite a turnover of 238 million pounds for the year, 10% more than in 2019.

BrewDog co-founder James Watt called the increase in revenues over the year “the biggest achievement in our short history” for the company, founded in 2007 and backed by 130,000 small shareholders, with its beer now stocked in bars and supermarkets.

After the pandemic closed hospitality venues in much of the world, BrewDog switched to selling its beers through its online store. Thirsty customers boosted its e-commerce revenue by 900% compared to 2019, with 750,000 orders shipped in 12 months.

BrewDog called its online store “one of the most important divisions of all of our global business” in 2020, and continued to roll out its e-commerce platform in Europe, the United States and in Australia.

Before the pandemic took hold, the brewer expected to achieve 40% of its turnover in more than 100 bars, located around the world, from Sheffield to Shanghai and from Berlin to Brisbane.

BrewDog, which employs 1,600 people worldwide, said the pandemic had not dented its plans to continue opening more locations. She is working on 30 new locations – including bars and hotels – in cities like Manchester, Mumbai and Milan.

The company, which switched to making hand sanitizer at its Aberdeenshire distillery in the early weeks of the pandemic, said it produced 12,000 bottles for the NHS.

Watt called 2020 “without a doubt the most difficult year in our 13-year history”. He said the company team “galvanized by the fire and adversity of the past nine months, is also stronger than it has ever been.”

It comes just weeks after BrewDog apologized to former employees who accused Watt and the company in an open letter of fostering a “culture of fear” in which workers were harassed and “treated like objects” .

Registration for the tutor’s professional messaging system

In the open letter posted on Twitter, 61 former workers alleged that the Scottish brewer’s dizzying and rapid growth involved cutting health and safety costs and creating a ‘toxic’ culture that left staff suffering from illness mental.

Watt posted an update earlier this month on the company’s response to claims by the group calling themselves Punks with Purpose. He said the firm launched an independent culture review within BrewDog, sent an anonymous survey to staff and pledged to create a group of employee representatives.

BrewDog said a structural review showed the company was “underfunded in some areas” after growing beer volumes and is hiring around 100 new employees.

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Worthing nightclubs may be reopening, but I think I’ll stay in the country: one thing or one mother

Rewind 20 years and my young self might raise an eyebrow at my willingness to wake up so early on the weekends and spend the day comparing varieties of rhododendrons.

But give me a place of natural beauty, and I’m literally in my element.

I love going out to the pub as much as the person next door (maybe even more!), But I can say for sure that when the nightclubs reopen next week I will leave them to people a little younger. than me.

Give me Wakehurst any day at a nightclub.  I think my great late night days are over!
Give me Wakehurst any day at a nightclub. I think my great late night days are over!

Let’s face it, I’m a mom of two with a big birthday looming. A good Saturday night is when I don’t fall asleep on the sofa before 10 p.m. The chances of me staying awake late enough to come home with a kebab in hand are slim to none.

Also, how would I get up and visit the county’s historic landmarks if I still have an “In Da Club” night’s sleep?

So Wakehurst again on Sunday. We had arranged to meet my family there for a walk and a picnic.

When we got there we discovered that there was a series of art installations using sound to offer visitors a new way to explore the landscape.

Added value – what a bonus!

Sounds of Summer offers six striking large-scale installations to inspire a greater connection to nature.

We found our first – it was hammocks under the trees while soothing music played. The kids were right in there, screaming with excitement and shaking themselves as high as they could go. Then I saw the sign: “This is a space for peaceful contemplation. Please keep noise to a minimum.

“Eeek, kids, get out of here! “

Oops! It’s a bit of a false start there. Sorry for anyone trying to contemplate peacefully as the group of noisy people temporarily broke the silence.

Other sections included listening horns, forest megaphones and sound waves.

Each has given you a unique perspective and appreciation for the natural world around you, but more importantly for a parent of young children, it allowed them to focus and keep them from asking for ice cream too early!

Two other things I want to mention …

1) Last week I was kindly invited to give a talk at Bohunt School in Worthing

English manager Leisha Brugnoli had organized a career afternoon for some of her students, and I was one of four women speaking to them to hopefully inspire them to consider studying. / a career in the English field. It was so nice to be out of the home office and so nice to play even the smallest role in helping young people make decisions for their future.

They were a lovely bunch and it was great to answer their questions. It was also nice to hear from three other inspiring women about how their careers have unfolded. Thanks for a fabulous afternoon!

2) I was able to receive my second Covid vaccine this week. Having originally booked it for 12 weeks after my first one. They texted me to tell me I could book it earlier, and voila, it’s done.

As I wrote last time, it was once again such a thankless operation at Brighton Center. And it was no coincidence the last time around, all the staff are really friendly and helpful. I know it sounds silly, but I almost enjoyed doing it. There is a lot about the way the Covid crisis has been handled that has, personally, left me to be desired. But I can’t help but feel a sense of national pride as the immunization program rolls out.

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What happened to the guitar? Hard Rock Casino, Café signage is covered

Just days after Cincinnati’s Hard Rock Café and Casino unveiled its giant guitar signage, it was covered up again. A large black plastic wrap now covers the iconic oversized Gibson guitar, along with other new signs that read “Hard Rock Casino”. Asked about the black packaging, a company spokesperson said, “We continue to do renovations to open the Hard Rock Casino. We provided a preview of the renovations last week when the Hard Rock Cafe opened and will reveal all new renovations later this fall. The downtown Cincinnati casino has undergone a large-scale rebranding, replacing Jack Casino that was there before it. Hard Rock badges have adorned the building for months now. The transition began amid the coronavirus pandemic. As company officials held a groundbreaking ceremony on Wednesday afternoon, they said the casino is not just about gambling, but entertainment as well. “We’re going to have live music three days a week when the Hard Rock Café opens. We have museum quality memorabilia from Elton John to Mötley Crüe to Eddie Van Halen.” You will notice the changes right away. Upon entering the parking lot, patrons will see a mural depicting Ohio music icons like Tracy Chapman, Rosemary Clooney, and Bootsy Collins. Inside, there are musical memorabilia galore. You can see everything from Lady Gaga’s elaborate costumes to a Porsche 911 previously owned by Eddie Van Halen. Take a look inside here. The building itself is also receiving new features. “There’s going to be a lot of local connections. There’s going to be a tribute to Kings Records. Bootsy Collins has donated a piece directly to this property since he was with Kings Records,” Goldhoff said. The casino also has a unique Hard Rock Café, which opened last week.

Just days after Cincinnati’s Hard Rock Café and Casino unveiled its giant guitar signage, it was covered up again.

Large black plastic wrap now covers the iconic oversized Gibson guitar, along with other new signs that read “Hard Rock Casino”.

Signage is believed to have been covered up as further developments occur at the casino and restaurant.

Asked about the black packaging, a company spokesperson said, “We continue to do renovations to open the Hard Rock Casino. We provided a preview of the renovations last week when the Hard Rock Cafe opened and will reveal any new renovations later this grave. “

The downtown Cincinnati casino has undergone a large-scale rebranding, replacing Jack Casino that was there before it. Hard Rock badges have adorned the building for months now.

The transition began amid the coronavirus pandemic. As company officials held a groundbreaking ceremony on Wednesday afternoon, they said the casino is not just about gambling, but entertainment.

“It’s part of the music theme,” said Hard Rock president George Goldhoff. “We’re going to have live music three days a week when the Hard Rock Café opens. We have museum quality memorabilia from Elton John to Mötley Crüe to Eddie Van Halen.”

You will notice the changes right away. Upon entering the parking lot, patrons will see a mural depicting Ohio music icons like Tracy Chapman, Rosemary Clooney, and Bootsy Collins.

Inside, there are musical memorabilia galore. You can see everything from Lady Gaga’s elaborate costumes to a Porsche 911 previously owned by Eddie Van Halen.

Take a look inside here.

The building itself is also receiving new features.

“There are going to be a lot of local ties. There is going to be a tribute to Kings Records. Bootsy Collins has donated a piece directly to this property since he was with Kings Records,” said Goldhoff.

The casino also has a unique Hard Rock Café, which opened last week.

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Four companies named Ocean Friendly Restaurants

LIHU’E – Some restaurants are taking a stand against plastic pollution in the oceans by eliminating their use.

The Surfrider Foundation Kaua’i Chapter is relaunching its Ocean Friendly Restaurant program with four restaurants meeting the criteria.

“The Surfrider Foundation Ocean Friendly Restaurant program has started in restaurants in California and Hawaii to prevent plastic pollution of the ocean,” said Ruta Jordans, Ocean Friendly Restaurant Coordinator for SFKC.

“Surfrider has extended all of its memberships until October 2021. At that point, they will need to comply with the new OFR 2.0 criteria in order to renew their membership.

So far, restaurants that have joined OFR 2.0 with the new criteria include Kaua’i Island Brewing Company, Passion Bakery Cafe, Oasis on the Beach, and Pineapple in Paradise. Before the pandemic, 26 restaurants qualified.

Kaua’i Island Brewing Company and Pineapple in Paradise are both Platinum Members, which means establishments meet all mandatory and optional criteria.

Ocean Friendly restaurants are plastic-free and are committed to working for the sustainability of Kaua’i.

“We decided this was our kuleana de malama notre ‘aina and to become ocean friendly,” said Farah Aquino, Managing Director of Passion Bakery. “At Passion Bakery, we believe in a holistic approach to keep our community pono. We are committed to a sustainable and responsible Kaua’i. Our mission is to improve our community, and we take this responsibility seriously. “

The program was created to solve the problem of ocean plastic pollution in the Pacific Ocean.

“Single-use plastic is particularly damaging, as bags, bottles, straws, styrofoam and food packaging always top the list of items our volunteers collect during cleanups,” Jordans said.

“The solution is simple: we have to stop plastic at the source. This is exactly what the OFR program of Surfrider Foundation does. We recognize restaurants that are committed to eliminating single-use plastic waste and provide a simple and straightforward framework to help them make sustainable choices for our ocean, ”she said.

Jordans said the new OFR 2.0 program requirements have been increased to seven mandatory and three optional criteria to focus more on sustainability issues. Additionally, the fee structure has been changed to allow the choice of donating $ 150 tax deductible or paying $ 0.


Stephanie Shinno, journalist, can be contacted at 245-0424 or at [email protected]

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Northern Colorado, Boulder Valley restaurants and bars received over $ 100 million in COVID-19 relief – BizWest

Of the nearly $ 500 million Restaurant Revitalization Fund grants to Colorado restaurants, bars and food trucks during the COVID-19 pandemic, more than a fifth went to establishments in northern Colorado and from the Boulder Valley.

Restaurants and watering holes in Boulder, Broomfield, Weld and Larimer counties have accounted for more than $ 111 million in funding, according to an analysis of data provided by the office of US Senator John Hickenlooper.

“Restaurants are the heart of our communities and many in Colorado were in dire straits during the pandemic,” the first-year Democratic lawmaker said in a prepared statement. “These grants will help keep many doors open and restaurant workers at work.”

The main recipients of funding, from the American Rescue Plan, in the region were Mission Yogurt Inc., a Westminster KFC franchisor, and The Kitchen Cafe LLC, a Boulder-based restaurant chain co-owned by Kimball Musk. Each received $ 10 million.

In total, 15 companies received more than $ 1 million. The groups include the operators of well-known establishments such as Frasca Food and Wine (nearly $ 2 million), Larkburger ($ 2.8 million) and the Walnut Restaurant Group Inc. (nearly $ 3.1 million). ), owner of a trio of closed Boulder restaurants The Med, Brasserie Ten Ten and Via Perla.

Of the cities with more than a few institutions that received grants, Boulder got the most funding at around $ 47 million. Fort Collins restaurants received about $ 20.4 million, followed by about $ 12.4 million in Westminster, $ 4.6 million in Loveland, $ 3.7 million in Longmont, $ 3.6 million in Broomfield, $ 2.55 million in Estes Park, $ 2.4 million in Louisville, $ 1.8 million in Lafayette and $ 1.7 million in Greeley.

A total of 1,762 Colorado restaurants, bars, brasseries, caterers, food trucks and more received $ 481,075,609 in grants. Over 400 of these establishments can be found in the Boulder Valley or northern Colorado.

Unlike the Paycheque Protection Program, grants awarded under the Restaurant Revitalization Fund program do not need to be repaid. The program provided up to $ 5 million in available grants per restaurant location, or $ 10 million per restaurant group, based on the total loss of revenue between 2019 and 2020, according to Hickenlooper’s office.

© 2021 BizWest Media LLC

Of the nearly $ 500 million Restaurant Revitalization Fund grants to Colorado restaurants, bars and food trucks during the COVID-19 pandemic, more than a fifth went to establishments in northern Colorado and from the Boulder Valley.

Restaurants and watering holes in Boulder, Broomfield, Weld and Larimer counties have accounted for more than $ 111 million in funding, according to an analysis of data provided by the office of US Senator John Hickenlooper.

“Restaurants are the heart of our communities and many in Colorado were in dire straits during the pandemic,” the first-year Democratic lawmaker said in a prepared statement. “These grants will help keep many doors open and restaurant workers at work.”

The main recipients of funding, from the American Rescue Plan, in the region were Mission Yogurt Inc., a Westminster KFC franchisor, and The Kitchen Cafe LLC, a Boulder-based restaurant chain co-owned by Kimball Musk. Each received $ 10 million.

In total, 15 companies received more than $ 1 million. The groups include the operators of well-known establishments such as Frasca Food and Wine (nearly $ 2 million), Larkburger ($ 2.8 million) and the Walnut Restaurant Group Inc. (nearly $ 3.1 million). ), owner of a trio of closed Boulder restaurants The Med, Brasserie Ten Ten and Via Perla.

Of the cities with more than a few institutions that received grants, Boulder got the most funding at around $ 47 million. Fort Collins restaurants got about $ 20.4 million, followed by about $ 12.4 million in Westminster, $ 4.6 million in Loveland, $ 3.7 million in Longmont, $ 3.6 million $ 2.55 million to Broomfield, $ 2.55 million to …

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Infectious nightclubs: Covid epidemics serve as a risk alert | Coronavirus

Infectious nightclubs: Covid epidemics serve as a risk alert |  Coronavirus

They only wanted to have fun on the sunny coast of Sardinia last summer after a difficult two-month lockdown. But instead, young Italians who had frequented nightclubs returned home either with Covid-19 or laden with feelings of guilt, regret or anger at the authorities.

Nightclubs, including venues Spain, France, the United Kingdom, Austria and Thailand, have triggered coronavirus epidemics since the start of the Covid-19 pandemic.

A vacationer, Martina, returning from a break on the island, wrote in a letter published by Corriere della Sera at the end of August 2020: “For an evening in a nightclub, I infected my whole family. My father is fighting for his life.

Francesco, a 21-year-old man from Rome who also caught the coronavirus after clubbing in Sardinia, told Il Giornale: ‘They told us we could go to clubs and whatever we had to do was to wear a face mask. We followed the rules… obviously we, in our twenties, couldn’t wait for our social lives to resume. But please don’t blame us if infections increase. “

Nightclubs were also a key factor in last year’s large coronavirus outbreak in the Austrian ski resort of Ischgl.

A few months later, there was an epidemic linked to Seoul’s nightclub district, triggering condemnation of gay clubbers.

More recently, Bangkok authorities closed 196 nightlife spots amid a coronavirus resurgence.

Yet while some governments have been reluctant to reopen clubs, others have allowed such venues to open. In the UK, where new Covid infections have averaged around 50,000 a day, nightclubs reopened on Monday for the first time in 17 months.

People who visit clubs in England are not required by law to wear face covers or maintain social distancing, despite a study in early June showing that nearly three-quarters of coronavirus cases among Cambridge University students last fall were attributed to a single nightclub.

Although Boris Johnson’s government is now considering banning people from entering nightclubs or other high-traffic places unless they are fully vaccinated, the measure will not come into effect for two months. September.

In Italy, scared by the epidemics of last summer that are believed to have contributed to the country’s second wave of Covid-19, which began in early fall 2020, the government is expected to announce a reopening date this week but with the obligation for clubbers to be fully vaccinated.

While nightclub outbreaks have been equally severe in other Italian vacation spots, Sardinia, which until August was relatively Covid-free, has been in the spotlight due to the contagion that has spread. produced in Billionaire, the place of the Costa Smeralda belonging to the former Formula One boss Flavio Briatore. The nightclub now faces charges of “epidemic neglect”.

Briatore was admitted to Milan hospital at the end of August after being infected, as was his friend Silvio Berlusconi, former Italian prime minister. Berlusconi was confirmed to have the coronavirus in early September, shortly after returning from his villa on the Costa Smeralda. The 84-year-old was photographed with Briatore outside his holiday home in Sardinia; neither wore face masks.

Covid-19 infections among footballers, celebrities and other clubbers have also been attributed to Billionaire. Two other Sardinian nightclubs, Phi Beach and Country Club, have been charged with negligence after failing to properly protect staff.

Walter Ricciardi, scientific adviser to Italy’s health ministry, said in July that nightclubs were “particularly dangerous environments” for the spread of the virus. “It only takes a few seconds to get infected. Nightclubs should only open under very strict controls with access allowed only to those who are vaccinated, who have previously had Covid-19, or who test negative. “

But after last summer, some young Italians are not so desperate to return to a nightclub.

“It really scared me,” said Francesco, who, along with his girlfriend, tested positive after a holiday in Sardinia. “We only went to the outdoor bars [on the Costa Smeralda] and I don’t know exactly how we got the coronavirus because the friends we were with didn’t get it. But one thing is certain, I avoid nightlife places.

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Outdoor cafe at Hunters Point South Park likely to have a new operator

LIC Landing when operated by Coffeed (Photo: LIC Partnership)

July 20, 2021 By Christian Murray

The waterfront beer garden at Hunters Point South Park may soon have a new operator.

The New York City Parks Dept. tendered for a company to operate, renovate and maintain the Hunters Point South Park café.

“This is an incredible opportunity for skilled and experienced professionals to establish a new approach to the culinary experience in the park and to create a destination that will attract park enthusiasts and visitors for years to come,” said Queens Parks Commissioner Michael Dockett.

The cafe is located next to the East River Ferry Terminal and consists of a kiosk, large seating area and 2,000 square foot event space.

The popular beer garden was established in 2014, shortly after the park opened, and was originally operated by Coffeed. The place was aptly called LIC Landing by Coffeed.

Coffeed, which grew to have more than a dozen cafes in the New York City area, no longer exists and a new group of investors took over the space about two years ago. The cafe is now called LIC Landing.

The current coffee deal is set to expire in May 2022. The Parks Department aims to have a new license in place by summer 2022 following a successful bidding process.

LIC Landing operators could not be reached for comment if they plan to reapply. Frank Raffaele, the now-defunct founder of Coffeed, who currently has no involvement in coffee, said he was considering an offer with a group of investors.

“I pray to all the gods that I can take up the space. This place is my home, ”said Raffaele, who then founded Glow Group, which operates The Sanctuary, a cafe / restaurant on Roosevelt Island.

The Parks Department says applicants must submit a menu and price list that offers a wide variety of options, including sundries and inexpensive items and healthy food choices. It is also looking for a quality service provider who will be able to enhance the atmosphere of the park and its surroundings.

NYC Parks indicates that proposals will be evaluated based on several criteria, including the applicant’s operating experience, investment and design plans, fees offered to the city, and the financial capacity of the applicant.

The Parks Department accepts proposals no later than Friday August 27. He is holding a virtual meeting on what is required to apply on Friday July 23 at 2 p.m.

All interested parties who plan to respond to the RFP are encouraged to attend the virtual meeting, according to the Parks Department.

The details of the meeting are as follows:

Telephone: 646-992-2010 or 408-418-9388
Access code: 179 427 5972

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A&W to open three restaurants in the Charlotte area

A&W <a class=Restaurants plans to open three restaurants in the Charlotte area. The restaurant is known for its American cuisine and fresh root beer.” title=”A&W Restaurants plans to open three restaurants in the Charlotte area. The restaurant is known for its American cuisine and fresh root beer.” loading=”lazy”/>

A&W Restaurants plans to open three restaurants in the Charlotte area. The restaurant is known for its American cuisine and fresh root beer.

An iconic root beer and hamburger chain will open several restaurants in the Charlotte area, debuting in North Carolina.

A&W Restaurants, based in Lexington, Ky., Will open nine franchise restaurants, including three in the Charlotte area, five in Las Vegas and one in St. Louis, the company said in a press release.

Ronald and Nadyne Jennings will build restaurants in the Gastonia and Kings Mountain areas and in South Carolina in the Rock Hill area, according to A&W.

A company official did not immediately respond to a request for more information about plans for the Charlotte area.

A&W is known for making its root beer on site at every restaurant and served in frozen mugs. The menu includes burgers, chicken, and hot dogs, and of course, root beer floats and other desserts.

The company owns five restaurants in South Carolina, according to the company’s website.

Since its acquisition by franchisees nearly 10 years ago, A&W sales have grown by more than 50%, according to the company.

Handmade Chicken Tender.jpg
Three A&W restaurants will open in the Charlotte area serving freshly made root beer and other menu items like chicken fillets. A&W Restaurants

About A&W

The 102-year-old company began with a root beer stand from founder Roy Allen in Lodi, California. There are now over 900 A&W in the United States and Asia.

Five years ago, A&W parted ways with Yum Brands, which includes fast food restaurants like KFC, Pizza Hut, and Taco Bell, and reverted to being an independent business.

A&W CEO Kevin Brazner said in a corporate video that the chain is focused on growing with franchise partners. A&W is the number one franchise restaurant chain in the United States, according to the company.

Related stories from Charlotte Observer

Catherine Muccigrosso is the retail journalist for The Charlotte Observer. An award-winning journalist, she worked for several newspapers and McClatchy for over a decade.

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State Department raises UK travel advisories to highest level as Covid-19 cases rise

The department on Monday raised its level of travel advisory for the United Kingdom to “Level 4: do not travel” due to Covid-19. The move, which aligns with a separate update from the U.S. Centers for Disease Control and Prevention, comes the same day Prime Minister Boris Johnson lifted most of the remaining pandemic-related restrictions in England.

Noting the CDC’s decision earlier Monday to raise its level of UK risk assessment for Covid-19 to ‘level 4: Very high Covid-19,’ the department said in its updated travel advisory that “there are restrictions affecting the entry of US citizens into the UK.”

“Your risk of contracting Covid-19 and developing severe symptoms may be lower if you are fully vaccinated with an FDA-cleared vaccine,” the advisory continues. “Before planning an international trip, please review the CDC’s specific recommendations for fully vaccinated and unvaccinated travelers.”

The department’s advisory level for the UK was most recently at ‘level 3: reconsider travel’ due to the pandemic.

While most of the UK’s adult population is now fully vaccinated, new cases are approaching 50,000 a day – the highest infection rate since January – and hundreds of thousands more have been invited to isolate through a contact tracing application that tracks their possible exposure to an infected person.

Although Wales, Scotland and Northern Ireland – the UK’s other less populous nations – are highly vaccinated, only England decided to ease most restrictions on Monday.

Mandatory masks are gone, limits on the number of people who can mix indoors or outdoors have ended, social distancing will be limited to people who test positive for the virus and airports, and places like discos and sports stadiums are free to open at full capacity.

Meanwhile in the United States, concerns about the highly transmissible variant of Covid-19 Delta and reluctance to get vaccinated are increasing, with doctors in several states suffering from flare-ups saying the variant is sending people younger and previously healthy. health – the vast majority of which have not been vaccinated – to hospitals.

“This is becoming an unvaccinated pandemic,” CDC director Dr Rochelle Walensky said last week.

CNN’s Luke McGee contributed to this report.

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Some frustrated Bend restaurants say Uber Eats drove many unhappy customers

They say they never put their business on the platform, that it contains incorrect information – and it was difficult to reach them

BEND, Ore. (KTVZ) – Two restaurants in Bend say food delivery platform Uber Eats, which is supposed to bring them more business, has done their business instead.

Juan Moreno, owner of Super Burrito in Bend, said on Monday that since his restaurant was listed on Uber Eats, he has had many unhappy customers.

“Uber Eats’ menu on their website is totally bogus. They have things that we don’t even do,” Moreno said. “They say we sell hot dogs and hamburgers, and we don’t, so people, when they order and come and get it, they’re frustrated with us.”

Moreno said he applied to be on the Uber Eats platform at the start of the pandemic, but never got a response.

“They never asked me if they could download a menu on their own. They don’t have permission from anyone,” Moreno said.

Another restaurant in Bend is having similar problems.

Jon Weber, owner of J-DUB, said he also never put his restaurant on the food delivery platform.

“We weren’t asked, and so some of these platforms took my menu items, or my entire menu without permission and put it online to their advantage, without any warning to us,” Weber said.

Weber added that his main concern is the way his food is presented to customers.

“It didn’t represent my product very well and speed was an issue,” Weber said of food delivery services.

Weber’s frustration stems from the fact that Uber Eats did not request permission to place their food on the delivery platform.

“It makes sense to ask ahead of time or partner with people – that they can’t take your property so to speak and then use it,” Weber said.

Moreno said he wants his business to be pulled from Uber Eats because it leads to unhappy customers.

When asked if he had contacted the food delivery company, he replied that he had tried going to their website, but it was “difficult to talk to them”.

NewsChannel 21 also struggled to get in touch with Uber Eats for a comment or response.

Some states have laws in place that help prevent these types of problems. California passed a law this year that requires food delivery services to enter into an agreement with restaurants in order to deliver their food.

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The weekend shot outside the bar prompts him to close earlier from now on

FORT WAYNE, Indiana (WPTA21) – Fort Wayne Police are still looking for at least a dozen people who witnessed a shooting near a popular downtown bar early Sunday morning.

This shootout prompts the bar owner to make drastic changes.

“From now on, midnight, we’re going to close,” said Aja Ford, co-owner of Pedal City.

Pedal City on West Main Street was open until three a.m. on weekends, but the last weekends had closed at one.

Ford says it will now be midnight due to issues with customers and people outside.

She says the problem, however, is not limited to West Main.

The bar owner said other establishments have reduced their opening hours due to people’s misconduct.

“A lot of people in the downtown area have had to cut back, slow down the bar hours later at night due to issues with the neighborhood,” Ford said.

Fort Wayne Police said early Sunday morning that an argument in Pedal City moved to the nearby intersection of Main and Center streets, where a man was shot and in life-threatening condition. hospital.

Ford says the victim had already been banned from the bar and his shooting prompted the decision to close earlier, seven days a week.

“It’s going to hurt us, but it’s not about us, it’s about the community. We want our employees to be safe, we want the people in the community to be safe. And these issues are going to continue to happen anyway. I don’t want it to happen near us, “she said.

“There are people who were present directly near the shooting,” said FWPD Captain Sofia Rosales-Scatena.

Fort Wayne Police Captain Sofia Rosales-Scatena said investigators are looking for more than a dozen witnesses.

“About 12 to 15 people we know probably have some type of information that we would probably need for this investigation, so we are asking them to come forward. Everyone left after the shooting. Speak to investigators when they get there. She said.

Detectives are going door to door in the area trying to get information or the security video of people to help them locate the shooter.

Ford says its bar will close at midnight until further notice.

If you know anything about the shooting or what led to it, there are two ways you can submit anonymous advice: you can call Crime Stoppers at 436-7867 or you can download the P3 app on your phone and submit what you know that way.

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Owner of Perfect Provenance, Café 47 in Greenwich makes a “very difficult decision” to close its doors

GREENWICH – Luxury store Perfect Provenance and adjoining restaurant Cafe 47 will close in August, owner Lisa Lori announced on Monday.

“It was a very, very difficult decision,” Lori said in her store, hours after sending a letter to customers announcing the closure. “I poured my heart into this building, into the team here. I have a lot of friends here. And I like it.”

Before Lori returned to her native California two years ago, she said she had lived in Greenwich for 16 years. She had opened the Arch Street restaurant and retail establishment in 2016. Lori also recently opened two additional locations on the West Coast, one in Tiburon, Calif., Where she lives, and the other in Napa. .

When she first moved, she said she was able to return to Greenwich on a regular basis to oversee Perfect Provenance and Cafe 47, even as she opened her additional locations. But the COVID-19 pandemic has restricted her travel and created a logistical problem, she said.

“I have an amazing team and we pivoted very quickly (during the pandemic), but anyone can tell you this last year has been very difficult,” said Lori. “And then when we decided to open these other locations, it became apparent that the smart thing to do was live there and have your headquarters there. From a logistical point of view, it was very difficult to manage remotely.

But more than just logistical challenges, the business was also affected during the pandemic, she said. The restaurant, ironically, increased its sales during COVID-19, according to Lori. But retail took a hit, although Perfect Provenance never closed, even when the storefront was not open to the public, she said.

“Retail was really down because people weren’t going out a lot,” Lori said. “Even though they went out to eat, they weren’t buying new clothes. Fashion in all areas was on the decline ”during the coronavirus crisis, with people staying more at home.

The luxury boutique sells clothing and accessories for women and men, as well as interior decoration, and will offer sales in the weeks leading up to the end of its activities. Lori said the restaurant will close on August 9. The store will follow on August 15th.

“It was a really, really united community and that’s why it pains me so much,” said Lori. “I really believe in the store concept. I believe in having businesses that are unusual and different. And I think that’s what we were.

[email protected]; @ justinjpapp1; 203-842-2586

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UK nightclubs require proof of vaccination

By Andrew MacAskill | Reuters

LONDON – British Prime Minister Boris Johnson said on Monday that English nightclubs and other high-traffic venues will require customers to show full proof of vaccination from the end of September.

Clubbers flocked to the first unrestricted live music events on Monday since the start of the COVID-19 pandemic. The government has reopened nightclubs and abandoned almost all coronavirus measures in England in the bet that mass vaccinations will prevent another deadly wave of COVID-19.

But later in the day, Johnson announced that people who were not fully vaccinated, including those who had not received the two doses of the two-dose vaccines, would be excluded from nightclubs.

The move follows major outbreaks linked to nightclubs in other countries like the Netherlands and Israel, where authorities have been forced to shut them down again.

“I can now mean that by the end of September, when everyone over 18 has had a chance to be double bitten, we plan to make full vaccination the condition of entry to nightclubs and other places where large crowds are gathering, ”Johnson said at a press conference.

“Proof of a negative test will no longer suffice.”

Britain’s chief science adviser Patrick Vallance said nightclubs and other closed places could be “potentially super-prevalent events” due to the crowds in close contact.

“I would expect that with the opening of nightclubs, we will continue to see an increase in cases, and we will also see outbreaks linked to specific nightclubs,” he said.

Johnson said the government is not planning similar requirements for pubs. “I certainly don’t want to see passports for pubs,” he said.

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Hotels Suffered ‘More Than Restaurants’ During COVID Closures, Still Trying to Recover | DFA 90.7

The hospitality industry took a hit last year when closures halted travel plans. Travel is rebounding this summer as trapped Americans get vaccinated and leave home. Lynn Minges is the President and CEO of the North Carolina Restaurant and Accommodation Association. She joins WFAE “Morning Edition” host Marshall Terry as part of our Rebuilding Charlotte series to give us a sense of where hotels are going this summer.

Marshal Terry: Welcome.

Lynn Minges: Thanks a lot, Marshall. Glad to be with you.

Thierry: Well, let’s start by going back to last year, first. I guess the first part of the pandemic, when the shutdown came, was the worst for hotels. How bad was it in North Carolina?

Minges: Well that was bad enough, but it’s interesting that I think a lot of people focused on the pandemic and the impact it was having on their personal lives. We were also very focused on restaurants that had to close entirely for indoor dining. And so they were closed. And I think there wasn’t as much emphasis on hotels.

Interestingly, hotels were never closed at any time during the pandemic. In fact, many of them housed aid workers, vaccination sites and medical workers who came to our state. They were never closed, but they were in fact heavily impacted. They have truly taken the brunt of the pandemic and have suffered greatly – if even possible – more than the restaurants. It’s kind of the unknown, underlying story that really hasn’t been told. So thank you for sharing that and covering that up this morning.

Thierry: Well, do you have any idea of ​​the loss in terms of jobs or hotels that are closing for good?

Minges: Well, we know this – I don’t know permanently – but we do know that when the pandemic first happened in March 2020, when it first hit, we had around 510,000 Carolinians. of the North working in the hotel sector. So that would include restaurants and hotels. And then, you know, immediately, around April, we only had about 288,000 left. So, literally, we laid off half of our workforce. These concerned restaurants and hotels, but had a significant impact.

If you think from the hotel’s point of view, meetings and conventions have been canceled. It was illegal to have more than 10 people in a hotel ballroom, which was just unheard of, something we never imagined because, you know, these hotel meeting spaces keep busy. and reserved, before COVID. It all stopped and so the business stopped. And when the business ceased, those owners and operators had no choice but to lay off employees.

So we ended up, you know, really working with about half of our workforce. There were hotels that had maybe five employees in one establishment. And these are hotels that, you know, employed maybe 100 to 200 people, depending on the scale.

It was tough, but we see them bounce back. Business is coming back. We’re still down in this industry – and it is restaurants and hotels – about 70,000 jobs. You know, if we weren’t facing a labor shortage, we might have come back to almost full capacity.

Thierry: You said things are starting to bounce back. When did hotels start to see things change?

Jodie valade

The Grand Bohemian in downtown Charlotte opened in August 2020 – in the midst of the pandemic.

Minges: Well, it’s been really interesting to follow. I think sometimes we try to generalize when we talk about hotels or restaurants. And what we’ve seen is that it really depends on their location. So from a hotel perspective, hotels that cater more to vacationers have done pretty well. Hotel accommodation on the North Carolina coast and in the mountainous region has completely rebounded. In fact, they are full and, in some cases, refuse visitors, either because they do not have the capacity to accommodate them or because they do not have staff to take care of the rooms and the rooms. guests. These have rebounded really well, even in the midst of the pandemic. People took vacations for leisure and certainly to places they could drive.

Urban areas like Charlotte, like Raleigh, these urban areas, and especially downtown Charlotte, have really suffered the most during this pandemic. And that’s largely because there was no business travel, basically. The workers worked remotely. People did not take trips for business or otherwise. There were no meetings or conventions. There were no live sporting events that normally attract people to cities and hotels. There were no festivals or events. And so, with all of this at a standstill, business entering hotels, especially in urban centers, has really, really suffered.

So we saw this in Charlotte, unfortunately. But things are starting to get better. It’s going to take time for it to bounce back. These business travel meetings and conventions are not just coming back. Rebuilding will be slow because many of these events are scheduled with a fairly long delay.

Thierry: What’s the biggest challenge right now that you hear from your members at the accommodation association – especially when it comes to hotels?

Minges: You know, without a doubt, the # 1 challenge and concern that I hear everywhere is the workforce. We simply do not have enough workers to fill the many jobs that we need to fill today. There are just a number of reasons for this, but largely from what I can say and what I hear from members is that the workers we moved in April 2020, they probably have pursued other careers in other sectors that were hiring. Many of our workers have left the industry. This is one of the biggest concerns we hear. So now they are slowly trying to replenish a workforce.

Thierry: What are you telling them to do to make it happen?

Minges: Oh my God. They do all kinds of. They organize job fairs, we have a job site. We recruit aggressively. Many of them offer signing bonuses and pay at rates that this industry has never seen before. So, for people interested in entering the hospitality industry, there has never been a better time. Extremely high wages – or at least compared to what these employers were paying before the pandemic.

But that also has the downside, you know, of increasing the overhead, the operating costs, and therefore the room rates. So it’s an interesting paradigm, but wages are currently at an all time high in our industry. So now is the right time to find a job in the hospitality industry.

The other thing I just want to make sure to point out is that even when we see that business has started to rebound, I think it’s important to note that many of these hotels have been struggling for 14 years. , 15 months without any income – and the bills have remained constant. The cost of running an operation has remained high, but there has been no income to compensate for it. It is therefore important to note that these companies have incurred significant debt and the payback period for them should be quite long.

Thierry: And when do you think the hotel industry will recover?

Minges: There are analysts who would say, you know, that we’re not really going to see a full, healthy rebound until maybe 2024. It’s going to take a while. But again, I think it depends on the nature of the hotel and their business model. If they depend on travel for meetings and conventions, it will be much slower. Or transient business travel – slower. But for leisure destinations, those that can attract leisure visitors, it is expected to come back faster.

Thierry: Are there any changes hotels made during the pandemic that they will keep in place after the pandemic is over?

Minges: I think there has been increased awareness of the health security measures that were put in place during COVID. We see many hotels doing contactless keys where the keys are sent to an app on the phone and those are used instead of handing a key to a guest. We are seeing places where you can wash your hands in restaurants and other facilities so that you don’t have to touch the taps to do so. We see automatic door openers and that sort of thing, elevator buttons that can be manipulated without having to physically touch them.

So we see a lot of evolution in this stuff. I think it’s going to settle down and continue. You know, sure, some of these things were happening already, but I think COVID and the increased sanitation awareness really accelerated this.

Thierry: Thanks for joining us.

Minges: Thanks a lot, Marshall. Great to be with you.

Thierry: Lynn Minges is President and CEO of the North Carolina Restaurant and Lodging Association.

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New bar and sweatshop opens in Boise with links to the Wild Root Cafe

An R&R at the Wild Root Cafe & Cocktails: Fresh crushed pink raspberries, rhubarb, honey reduction, lemon juice and Flor de Cana rum.  The new lounge downstairs will share Wild Root's liquor license.

An R&R at the Wild Root Cafe & Cocktails: Fresh crushed pink raspberries, rhubarb, honey reduction, lemon juice and Flor de Cana rum. The new lounge downstairs will share Wild Root’s liquor license.


A new underground bar is about to open in downtown Boise.

Underground – literally.

Tentatively called Suite 104, the Small Lounge will open at 280 N. 8th St. in the former home of Superb Sushi Restaurant, which closed in 2018. Located in the basement of the Idaho building below Wild root coffee and cocktails, it is a collaboration between Wild Root and Saint-Laurent grid, the haven of beef brisket at 705 W. Bannock St.

The two restaurants are connected to the 700 square foot space by stairs. Owner Dan Watts describes the concept as part of the “modern speakeasy”. With the help of natural light, it won’t be a dark dungeon.

“It’s going to become a weekend overflow for Saint Lawrence and Wild Root,” says Watts, who also owns the two restaurants with his wife. “And it will also be a sort of ‘loungey’ meeting place.

“It’s mostly cocktails. We will bring (aperitifs) from both places. Full service is the future. It’s really simple now, nothing crazy. But it’s just kind of, like, the perfect space.

wild root.JPG
A popular brunch spot, the Wild Root Cafe now serves cocktails and also offers dinner service four days a week. Wild root coffee and cocktails Instagram

A native of North Carolina who recently moved his family to Boise from California, Watts looked at the vacancy after purchasing Wild Root Cafe last September, he says. He bought Saint Lawrence Gridiron in early 2020.

Both restaurants rent out liquor licenses. Suite 104 will be able to share Wild Root’s license, which is a big reason its name could be its address, rather than something requiring additional alcohol-related paperwork.

“I know it’s pretty boring,” Watts said, “but it’s one of those things where I don’t want to go through all the license changes again, if we don’t have to do it now. Because it’s all an old pain.

Construction hasn’t started yet, but Watts hopes to open in a few months.

“It should be pretty cool when it’s all over,” he said.

“We will also have the outdoor courtyard,” he adds, “which will be a nice addition during the beautiful days of Boise. The focus is on the interior area this year.

Stories Related to Idaho Statesman

Michael Deeds is an entertainment writer and opinion columnist. He tells the story of the good life in Boise: restaurants, concerts, culture, cool stuff. Deeds came to fruition at the Idaho Statesman as an intern in 1991 before taking on roles such as editor, sports writer, and music critic. Over the years, his freelance work has ranged from writing album reviews for the Washington Post to advertising for Boise in the airline magazine you left on the plane. Deeds graduated magna cum laude from the University of Nebraska with a BA in Editorial Journalism.

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Nightclubs reopen for first time in 16 months as clubbers celebrate Freedom Day

PProfessor Sir Andrew Pollard, director of the Oxford Vaccine Group, said the beta variant first identified in South Africa may elude vaccine immunity, but he expects the AstraZeneca vaccine to still deliver a “very high protection” against hospitalization and death.

“The beta variant is also in the UK, and just like the Delta variant, it is able to evade vaccine immunity to some extent,” he told BBC Radio 4’s Today program. .

“It is actually quite effective at evading vaccine immunity, so we would expect it to be able to spread in vaccinated populations.

“We know that people who have received RNA vaccines, such as the Pfizer vaccine, as well as the Oxford / AstraZeneca vaccine, can be infected with the beta variant.”

Asked about the effectiveness of the AstraZeneca vaccine against the beta variant, he said: “There is a really important study, which was conducted in South Africa by Johnson and Johnson, which showed that with just one dose of this vaccine, there was 100% protection. against hospitalization and death.

“The RNA vaccine, Pfizer vaccine, and Oxford / AstraZeneca vaccine are given in two doses. The AstraZeneca vaccine is very similar to that of Johnson and Johnson and we would expect the biology to have very high protection against it. hospitalization and death, and I have no doubts that this will be the case, because that is how vaccines work. ”

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Many Burnham shops and cafes set to keep Covid security measures in place

Many Burnham shops and cafes set to keep Covid security measures in place

Many shops, pubs and cafes in Burnham-On-Sea are taking a cautious approach to the current lifting of the national Covid restrictions by maintain security measures to ensure the safety of customers and staff.

While the easing of restrictions means that many Covid measures are no longer a legal obligation, the government is still advising people to act with caution and be cautious.

And Burnham’s companies are taking a cautious approach amid growing cases of the Delta variant.

Emily May at May’s Cafe in Abingdon Street in Burnham says, “Nothing in the cafe will change for us on July 19th.” Our team will always wear face covers, all tables will always be socially distanced and limited to the number of people at the table. Customers will always be asked to wait at the door to be seated to ensure tables are cleaned and sanitized. And only table service will remain. We believe it’s best to keep our team and customers safe and comfortable. ”

Heidi Crook at Chatterbox Café in Victoria Street in Burnham says, “We have worked very hard at Chatterbox to provide a safe and welcoming environment for our customers and staff. We will not change the layout of the cafe. Our tables will stay away from each other. My team will continue to serve you at your table wearing a mask. You are not required to wear a face cover by law, but we do ask every customer to be respectful and considerate of one another. We are extremely grateful to everyone for their continued support. ”

A spokesperson for The Tesco supermarket in Burnham-On-Sea in Ben Travers Way, says, “Throughout the pandemic, we have strived to ensure that everyone can get the food they need in a safe environment. As the easing of restrictions means that some security measures will no longer be a legal requirement, we have listened to customers and colleagues, and we know many people remain cautious. In line with the government’s advice to act cautiously, we believe it is important to pursue certain measures to be on the safe side. ”

“Here’s what we do to make sure everyone feels as safe as possible in our stores. Please continue to wear a face cover in our stores if you can. Although the legal requirement to wear a face covering in England ends on July 19, the government is waiting and recommending that people continue to wear a face covering in crowded and confined spaces. We therefore encourage our colleagues and you, our customers, to continue to wear face coverings if you can. ”

“We maintain reinforced hygiene, cleaning and safety measures. As before, you will find disinfectant and wipes at the entrance of the store. Screens at checkout also remain. We also keep the traffic light system in place, to help monitor the flow of customers and avoid overcrowding. ”

Burnham’s barbers and hair salons are also taking a cautious approach.

Mike Lowe at Lowe’s Barber Shop in Burnham High Street says, “Although the restrictions are lifted on July 19, Lowe’s has made the decision to continue wearing a face covering in the salon and we ask our customers to continue to do so. This is due to the ever increasing number of cases in the region, but ultimately to protect you and our team. We will review this decision as and when we deem it appropriate. Thanks for your support and understanding. ”

Burnham Hair Salon No.1 Regent Street adds, “Although the restrictions are lifted on July 19, we have made the team decision to continue wearing a face covering in the salon and we ask our customers to continue to do so as well. We made this decision because of the increased infection rate and the fact that we will have to self-isolate if we come into contact, as the isolation rules don’t change until August 17. This is to protect us and our customers, and we hope you understand that. We will also have plenty of hand sanitizer on hand. We will be looking at this over the next few weeks depending on the number of local cases. ”

Ads take different approaches. JD Wetherspoon says the Reed’s Arms pub on Burnham seafront will change its rules, in accordance with its other pubs across the country. The ad chain says it will revert to the “successful measures” it put in place last summer when the coronavirus rules were relaxed. Bettors will once again be allowed to order a pint from the bar, although they are encouraged to use the Wetherspoons app to order meals and drinks to reduce contact. Face masks will no longer be enforced and customers and staff will be able to wear them at their discretion. Customers can also say goodbye to the Rule of Six at the pub starting Monday, though its testing and traceability system remains on a voluntary basis. Other safety measures such as screens between tables and hand sanitizing stations will remain.

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YOU REMEMBER: Provost’s Bar and Cafe, the good old days | Etc.

The mere mention of Provost’s Bar and Cafe evokes a fairly strong nostalgic reaction. As posed on Facebook, this name brought back “the good old days” for a lot of posters. People have raved about the food.

The George Ackal burger was mentioned several times, as well as the burger steak, corned beef and cabbage (served on Tuesdays), oyster bread, an egg sandwich, which seemed to be Mr. Beans, the projectionist of the Essanee Théâtre. The cafe had amazing steaks and was a popular after-church or post-prom destination, although for many Neo-Iberians, Provost’s was a daily stop.

Oh, and the bar. The beautiful, elaborate bar, made from Tiger Oak, has made many posters question its origins. According to research by Roger LeBlanc, the bar was made in California in the 1890s. Provost’s came to own it from Decoux’s Bar in Loreauville. Apparently, Decoux’s was closed due to the ban, and the bar was installed on a barge and floated in the Bayou Teche. Fortunately, the long, richly carved bar still lives today, in the current facility at 113 East Main, Calabria.

Richard Provost opened his bar and cafe at 113 East Main in 1937. The bar was an immediate success, according to LeBlanc, because it was the only bar that stayed open all night.

Yes, people fondly remember the bar and the wooden phone booth mentioned by Kenny Ray Norris and Geroge Ackal, who fondly remembers the time spent at Provost, eating George Ackal burgers and pulling the breeze. with Mr. Charles the cook and Mrs. Flo.

Murphy Meyers remembers there was a large chalkboard on the back wall, where anyone could post if they were looking for a job. One of his first stops on his return from college each summer was there. He posted on the board and he always got a call to work offshore on an oil rig.

Many dads and grandfathers seemed to meet at Provost’s, most of them daily, whether it was to catch a cold, or more likely, to play a few drunk hands in the back room. Several posters have memorabilia related to this.

Beverly Waguespack Woods said her father and grandfather were playing cards in the back room. His family only had one car during the day and they would pick up his father at the end of the day. She said she always went out with cash dollars her grandfather gave her.

Anne Darrah remembered that her father, Frank Bacqué, loved the oyster breads at Provost. “They buttered the inside of the bread and then toasted it,” she said.

Phyllis Bélanger Mata mentioned that each day before returning home, Mr. Provost blessed his car with holy water. Lance Provost, Mr Provost’s grandson, added that he would do the same when he left the house and that in addition, he would also bless his family every morning. Lance said he was missing those days.

Apparently a lot of us miss these days. Go visit the bar, now in the Calabria restaurant. Pat it gently and order a hamburger pizza. It might not be a George Ackal, but at least it’s something.

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Boris Johnson takes another huge bet by lifting the blockages in England. Even he admits it could lead to more deaths from Covid

Although Wales, Scotland and Northern Ireland – the UK’s other less populous nations – are also highly vaccinated, only England made the jump on Monday.

From Monday almost all restrictions in England will be lifted. Mandatory masks will disappear, limits on the number of people who can mix indoors or outdoors will end, social distancing will be limited to people who have tested positive for the virus and at airports, and venues. like discos and sports stadiums will be free to open at full capacity.

If someone is screwed up by the NHS coronavirus tracking and tracing app, they will still have to self-isolate until August 16, when double-vaccinated people will be free to continue as usual.

As cases continue to rise rapidly in England, the number of people asked by the app to self-isolate is skyrocketing. In the week of July 7, 520,000 people received the alert, raising concerns about the impact of the program on the economy.

Even Johnson himself has not been spared the tracking and tracing system. Prime Minister and Chancellor Rishi Sunak were alerted after coming into contact with Health Secretary Sajid Javid, who tested positive for coronavirus on Saturday.

Downing Street initially announced that instead of isolating themselves, the two would participate in a “daily contact test pilot”, a program that is not available to the general public. However, hours later and following public outrage, officials flip-flopped the decision and said the two would go into self-isolation after all.

This isn’t the first bet the Prime Minister took during the pandemic: he ended a lockdown on December 2 after promising people a normal Christmas, a promise he would ultimately break when he was forced to reimpose restrictions. During the summer of 2020, the government actively encouraged a totally unvaccinated public to return to pubs and restaurants, going so far as to offer financial incentives to do so. And he chose to go it alone and not join European partners in procuring vaccines, a move that initially looked set to pay off as the UK edged out its neighbors by stinging people.

Johnson defended his latest move on the grounds that the increase in cases was “expected”. Where in the past such data would lead a government to “normally lock more in,” he said earlier this month, “the continued effectiveness of the vaccine’s deployment” means it is confident that the British can receive their long awaited “freedom day” on July 19th.

Johnson admitted it would mean coming to terms with ‘ourselves sadly with more deaths from Covid’. But, he added, “if we cannot reopen our company in the next few weeks, when we will be helped by the arrival of summer and the school holidays, then we must ask ourselves when can we? get back to normal. ? “

What could go wrong?

The main beneficiary of the easing of restrictions will undoubtedly be the hotel industry, a major sector of the UK economy. While most hospitality venues scramble to get back to work and earn some cash, removing the restrictions is not without complications.

Kate Nicholls, managing director of UK Hospitality, explained that many sites will impose restrictions on themselves in order to avoid the practical problems caused by the virus.

She explained that “the pings on the application (NHS coronavirus) and then self-isolation” required as a result is the biggest challenge many of these companies will face, as it will exacerbate “some of the labor shortages. existing works on the market. ”

Some sites will only open on certain days of the week or certain hours of the day, which “will impact their ability to recover,” Nicholls added. Frustrating, given that it is now the “first time in 17-18 months that they will be able to break even”.

On top of that, these types of businesses will need to assure customers that their places are safe by keeping measures such as screens between tables, maintaining social distancing and possibly respecting table service, which affects profits. .

The prime minister acknowledged that lifting the restrictions would lead to more deaths.

Inevitably, returning to something that looks like normal in hospitality will lead to a greater increase in cases, which naturally comes with its own risks.

“Unfortunately, the hospitality industry relies on interacting and meeting people, which will increase infection rates,” said Simon Clarke, associate professor of cellular microbiology at the University of Reading.

The consequences of an increase in the virus are where things could get sticky. Modeling from Imperial College London predicts that lifting all restrictions could lead to “a third significant wave of hospitalizations and deaths”. While existing covid vaccines are very effective, they are not 100% effective. Some people can get sick from being fully immunized.
Clarke explains that “filling hospitals with people sick enough to be hospitalized but not sick enough to end up in intensive care” will put enormous pressure on the NHS. And, he adds grimly, “that looks like what’s going to happen.” Any further pressure on the NHS will be bad news for the millions of people awaiting treatment for non-Covid disease. The waiting list is currently at an all time high.

Potentially more damaging, Clarke says, is that “with each infection of each person, the likelihood of a mutation increases.” While he doesn’t think that means we’ll immediately see a completely vaccine-resistant variant, he does think “what we’ll see is a gradual weakening of its effectiveness.”

There is also limited data on whether vaccines provide long-lasting protection against Covid. The Office for National Statistics reports that around 1 million people are currently suffering from the disease in the UK. Many have suffered from symptoms like fatigue and brain fog for months.

A vaccine-resistant variant would make a huge hole in Johnson’s biggest achievement of the entire pandemic: a rapid deployment of the silver bullet that stops the disease.

The UK has also experienced a huge mental health crisis during the pandemic. Yet rather for these issues to go away with the lifting of restrictions, there is a chance it could lead to further divisions among the public and cause more anxiety and trauma for people who may already be vulnerable.

“Some people will continue, will continue to wear masks and distance themselves and they might perceive others as selfish for not doing so; those who don’t might view others as overly anxious, ”says John Drury, professor of social psychology at the University of Sussex.

“Solidarity is good for us, social support is good for us and those around us. It will be a source of distress for many people to have this level of conflict,” he adds.

The UK was forced to return to lockdown in early January, following an easing of restrictions over Christmas.

If it turns out badly, there’s a good chance it will backfire on Johnson.

“The public has always been cautious and the rules the government has introduced are often seen as not going far enough and introduced too late,” said Joe Twyman, director of the public opinion consultancy Deltapoll.

He believes that if an increase in the number of cases and forced self-isolation leads families to cancel vacations and spoil their summers, it could hurt Johnson’s popularity.

“If the situation worsens, it could hurt the government’s position, as the perception of how the government is handling the pandemic is so closely correlated with its support. ”

The worst-case scenario for Johnson could be, according to Twyman, if things “turned south”, the question was whether to “stand up or take new steps”.

The latter could be a catastrophic turnaround for Johnson, who said his plan to get his country out of lockdown was “cautious but irreversible.”

Johnson’s pandemic has been a real mixed bag. Presiding over one of the highest death rates in the developed world, a complete collapse of complicated and confusing tests and public messages, he was only saved by a rapid deployment of the vaccine.

Now is the time he finds out if his great vaccine victory was really the saving grace that it appeared not so long ago. If not, he must make a very difficult choice: stick to his line of accepting the death of his own people, or reneging on an icy promise to a nation that has become divided and disillusioned. And if that did happen, he might wonder if taking that bet when the pandemic is far from over was such a good idea after all.

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Cape Cod restaurant closes for ‘day of kindness’ after suffering abuse from its customers

After customers cursed their staff so violently, the staff were reduced to tears – a restaurant on Cape Cod closed for a “day of kindness.”

Apt Cape Cod customers in Brewster, Mass have been particularly abusive this summer, but the straw that broke the camel’s back came last Thursday when Restaurant co-owner Brandi Felt Castellano said The New York Times a man verbally demolished a young worker who told the customer that he was unable to take his breakfast order because the restaurant had not opened for the day.

“I never thought it would turn out to be this,” the shocked restaurateur told The Times.

“As many of our guests and clients treat us with kindness and understanding, there has been an astronomical daily influx of those who don’t, swearing at us, threatening to sue, arguing and yelling at my staff, making members cry. of the team “, Felt Castellano and his wife Regina Felt Castellano, wrote the Facebook.

Chef Regina (above) and Brandi Felt Castellano have decided to give the staff a day off for everything they've been through this summer.
Chef Regina (above) and Brandi Felt Castellano have decided to give the staff a day off for everything they’ve been through this summer.
Apt Cape Cod's long post on Facebook about the situation.
Apt Cape Cod’s long post on Facebook about the situation.

“This is an unacceptable way to treat any human being. So Chef Regina and I decided to take the day and give the staff time to deep clean the restaurant, train and give my staff a day. kindness We will be open again for breakfast tomorrow Remember many of my staff are young this is their first job or summer job to help pay for their education We had to make adjustments due to increased business volume, size of kitchen, product availability and staff availability, we are not trying to spoil the holidays or days off from nobody.

Brandi Felt Castellano told The Times: “Many (restaurants) did not survive the pandemic. That people are so aggressive towards those who have is disheartening. “

Felt Castellano said the bad behavior worsened as the summer went by and staff continued to be lacking, resulting in longer wait times for tables and making some menu items unavailable.

A note of thanks left to the restaurant staff.
A note of thanks left to the restaurant staff.
Brandi Felt Castellano said a young employee was reprimanded by a customer.
Brandi Felt Castellano said a young employee was reprimanded by a customer.

“It’s like abuse,” she told The Times, recalling an incident in which a group of people threatened to sue after they failed to get the table that ‘they wanted.

“These are things people say that would not be allowed to be shown on TV because they would be paged. People are always rude to restaurant workers, but that far exceeds anything I’ve seen in my 20s… I’d say it’s its own epidemic.

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Opening of a diet cafe with a focus on mental health

TOWNSHIP, Ohio – Cyrus Ausar has always been passionate about helping others feel good.

What would you like to know

  • Mental health-focused diet cafe to open in northeast Ohio
  • Cafe owner hopes to inspire customers to feel good about themselves
  • The café will open on Saturday

“For the past 15 years, I have helped people cope with depression and suicide,” Ausar said.

He was on a mission to help others in his hometown of Massillon for most of his life.

“It started when I was 13,” he says. “I was really just a big brother to my community at the Club Garçons et Filles de Massillon.

Now he hopes to expand his reach and help more people with his new restaurant, Greatness Café.

“I want you to come in here and leave feeling a little better,” Ausar said. “The whole concept of growing to greatness is trying to be better than you were yesterday.”

The cafe menu offers all healthy and natural foods.

Each menu item has a unique name that compels customers to say affirmations with every order.

“Anything you order will be an affirmation, like a smoothie will be called ‘I’m awesome’, ‘I’m wise’, ‘I’m smart,’ Ausar said.“ We understand how important it is to say to yourself positive things Think about it, when was the last time you spoke positively to each other?

In addition to serving food, Ausar will lend an ear to customers who need to talk.

“You know, I’ll always be there. You’ll always have someone to report to with the issues you’ve been through, “he said.” So whether we have a smoothie, a panini, or just go for a walk around the block, anything, just having that outlet to communicate with someone who understands what you’ve been through.

The grand opening of the Greatness Café is this Saturday.

The café is located inside the Massillon museum.

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If someone hands you lemons, make lemon bars with cream cheese frosting

Smiling kids selling lemonade are perched on every other corner. My mom makes my dad’s favorite lemon meringue pie, which provides that perfect blend of tangy and sweet citrus curd under a cloud of silky meringue.

And then there are the lemon bars. My sister, Mabel, is actually the undisputed queen of the Swift family’s lemon bar.

I’m not sure what Mabel is doing to create these addicting treats as she seems to follow the basic pattern for the shortbread bar. I know she insists on squeezing and zesting real lemons and her bars have a really thick crust. In recent years, she has also started to coat them in a thin almond frosting.

What a delicious way to brown the lily.

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As much as I love Mabel’s bars, I looked for a new take on a lemon-inspired “baking tray” (as the British fancy call them). I might have found the perfect alternative in these cream cheese treats from the Two Sisters cooking blog.

This version creates a lemon cake base, which is then soaked in a tangy lemon syrup and topped with a tangy cream cheese frosting.

During a test drive, I made a few changes to the Two Sisters recipe, including adding a little salt and almond extract to the batter and then using a lemon cream cheese recipe. that I have already used.

The original recipe suggests spraying the pan with Pam or a similar non-stick spray, but I’ve found that these sprays contain an accelerator that can sometimes brown baked goods. I recommend using the old standards my mom used to do: saturate a paper towel with oil or Crisco and dab the bottom of the pan. (Don’t grease the sides. As my mother used to say: “Would you like to climb a greasy wall?”)

Also, when I ordered groceries I specifically asked for regular cream cheese, but somehow ended up with Daiya’s vegan cream cheese spread. I decided lowering my cholesterol a few points wasn’t a bad idea, so I mixed the vegan stuff with about 1/4 of a bar of leftover Philadelphia cream cheese. The result was a slightly more runny icing. It was still quite good, given that it was technically neither cream nor cheese.

Don’t say anything to my mother.

This amplified lemon bar, with a cream cheese frosting and a drizzle of tangy lemon syrup, makes a lovely summer alternative to traditional lemon bars.  Tammy Swift / The Forum

This amplified lemon bar, with a cream cheese frosting and a drizzle of tangy lemon syrup, makes a lovely summer alternative to traditional lemon bars. Tammy Swift / The Forum

Lemon squares with cream cheese frosting

2 1/2 cups flour

2 cups of sugar

1 teaspoon of baking powder

1/2 teaspoon of salt

4 eggs

2/3 cup oil

2/3 cup lemon juice (preferably freshly squeezed)

2/3 cup evaporated milk

2 tablespoons of lemon zest

1/2 teaspoon of almond extract

1/2 cup of sugar

1/2 cup lemon juice

8 ounces of softened cream cheese (or vegan substitute, like Daiya)

3 tablespoons of softened butter

2 cups of powdered sugar

1 teaspoon of almond extract plus 2-3 teaspoons of lemon juice (add more, one teaspoon at a time, if the frosting is too firm)

Preheat the oven to 350 degrees and grease only the bottom of a 9 x 13-inch pan with canola oil or Crisco shortening.

Add the eggs, oil, sugar, evaporated milk, lemon juice, lemon zest and almond extract to a bowl and mix until completely incorporated.

Whisk together the flour, baking powder and 1/2 teaspoon of salt in a separate bowl, then add to the wet mixture and mix well.

Pour the lemon paste into the preheated oven and bake for 30 minutes, or until a toothpick inserted in the center comes out clean.

While the cake is cooling, prepare lemon syrup: add 1/2 cup lemon juice to 1/2 cup sugar in a small saucepan. Cook over medium-low heat, stirring constantly, until the sugar has dissolved and a light syrup is formed.

Use a toothpick or a small metal skewer to punch holes all over the cooled cake. Pour hot lemon syrup over bars, to taste. The more syrup, the softer and more tart the bars will be.

Prepare the cream cheese frosting by beating together room temperature cream cheese and softened butter until creamy. Gradually incorporate the powdered sugar while continuing to beat. Finally, stir in the almond and lemon juice. Frost the cake and cut it into squares. Store in the refrigerator, as these bars are better refrigerated.

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Bristol nightclub will charge £ 10 for door-to-door lateral flow test

Two of Bristol’s most iconic clubs are applying strict Covid protocols for entry to their venues when restrictions are lifted on Monday, July 19.

Lakota uses a coronavirus passport system or evidence of a negative lateral flow test in the past 24 hours.

Whereas Motion requires each participant to present proof of a negative lateral flow test within the 48 hours prior to arriving at the site for entry.

READ MORE: Here’s how hot it will be in western Canada today

If you do not provide proof of any of the following, entry to the site will be refused, even if you have purchased a ticket for the respective events.

If you haven’t done a lateral flow test before arriving at Motion, you can purchase one on site for £ 10 per person.

A statement posted on Facebook posted by Lakota said: “Although the government has indicated that covid passes are not a requirement, health authorities and the council have very strongly advised us to implement such a policy.

“As such, we believe this is the responsible course of action that we must take as the health of our customers is of paramount importance.

“This will allow us to continue to host high capacity events and provide a safe place where everyone can embrace, dance and celebrate freedom again.

“We will verify the COVID status of our participants upon entry by proof of negative lateral flow test or vaccination via a COVID NHS pass (obtained after two vaccinations).

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“Visitors will be able to view an SMS or email confirmation of a negative lateral flow test result – provided that the test is negative and has been performed within the last 24 hours.”

Lakota will host one of the UK’s first festivals after coronavirus restrictions eased from July 19 with a Summer of Love festival held at a secret location in north Bristol and the same entry restrictions being made will apply.

Motion issued a similar statement ahead of their reopening on Freedom Day and said: “In accordance with public health guidelines, we ask all customers in attendance to provide a lateral flow test before visiting the site and d ‘enter their results into the NHS COVID- 19 apps.

“We will check your result at the door. If you provide a positive test result, you will not be allowed to enter the premises.

“You will be asked to show your negative results, whether you have had a vaccination or a valid vaccination passport.

“If a negative test cannot be shown at the entrance, a limited amount of lateral flow test will be available on site but will be subject to a charge of £ 10.”

Responding to reviews that he was charging £ 10 per person for a side flow test on the door, they said: “As you can imagine we’ve ordered a lot, and the charge includes the order fee and treatment.

“We have also hired an external medical team who will be responsible for assisting clients with their testing and the disposal of clinical and medical waste. We encourage you to do your lateral flow test before the show.”

What do you think? Log in and join the conversations in the comments below

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Nightclubs admit confusion over UK Covid rules as ‘Freedom Day’ approaches | Clubbing

Nightclubs admit confusion over UK Covid rules as ‘Freedom Day’ approaches |  Clubbing

On Sunday at 11:50 p.m. at Heaven nightclub in Charing Cross, London, patrons enjoying a socially distanced seated drink will be invited to step away from their tables and chairs.

Over a 10-minute period the dance floor will be cleaned up and just after midnight the music will resume as clubbing in the UK takes its first steps towards recovery after a scorching year and a half, as lockdown restrictions are lifted.

Jeremy Joseph, owner of GAY Group and Heaven, says the moment will be a leap into the dark. “I don’t know how people are going to react,” he said. “We have no idea.”

Preparations for Joseph’s reopening were strained. He says a lack of substantial and timely government guidance on how nightclubs should operate has left clubbers with a lack of confidence and understanding of what is expected of them.

“People are confused and have no idea what’s going to happen on Sunday or Monday because the government has decided to wash their hands of it,” he said.

Government guidance has been scarce, with clubs being encouraged to clean up and improve airflow in poorly ventilated areas, while unwell staff are urged to stay home.

An update Wednesday night encourages use of the NHS contact app, but it won’t be a legal requirement, and the same goes for showing proof of being vaccinated – with four in five clubs saying it ‘they will not ask for verification. The biggest nightclub chains – including Rekom UK – have said they will not apply for a vaccination passport either.

Fabric co-founder Cameron Leslie described the government’s staggered guidelines for nightclubs as “someone throwing a hand grenade into a room and shutting the door.” The club will reopen on the weekend of July 23 and clubbers will not be asked to present their vaccination passport.

He says: “It is complicated to put the new guidelines into practice and communicate them effectively to our audience. Suddenly we now have a whole layer of additional measures that we have to adapt to. “

Nightclubs in the UK have been hit particularly hard by the pandemic. Closed since March 2020, many have not been able to reopen at all, some having failed in their requests for government grants, such as the cultural stimulus fund.

New Years Eve at GAY Heaven in Charing Cross, London, ahead of the pandemic. Nightclubs have been hit hard by the Covid crisis. Photograph: Equinox / Shutterstock

A report from all parliamentary groups released in February found that more than half of all nightclub staff had been laid off during the pandemic, with clubs making only 20% of their pre-pandemic income since the closures began. .

The Night Time Industries Association, which estimates its members contribute £ 66 billion a year to the UK economy, says nightclub owners are nervous. “Come Monday, it will be a time to stop or go,” said the association’s general manager, Michael Kill. “Everyone is very shy considering that June 21 is not going in the right direction.”

Kill welcomes the reopening after NTIA pushed for an unrestricted restart to make things as smooth as possible for its members. He argues that the Covid-19 precautions suggested by some in the industry – such as linking ticket sales and test result data before entry is allowed – will present costly hurdles for already battered venues. “From a logistical point of view, this poses problems,” explains Kill.

“There is still a lot of work to be done to maintain and maintain a certain level of safety in terms of protocols, sanitation and preparations to protect staff and clients – we will not lose sight of this,” adds he does.

Many clubs are moving forward with a full program of events – like XOYO, which hosts a seven-week residency hosted by drum’n’bass musician Goldie – but heading for dark, busy clubs is no longer not what some consumers want at the moment.

A quarter of people in Britain say they wouldn’t be comfortable attending live events, according to a YouGov poll in July, while a recent Ipsos Mori poll for The Economist found that 26 % of respondents thought nightclubs should never reopen. Leslie believes the club landscape is going to be “choppy” for the next six months, but beyond that he is optimistic about the future of the clubs. “I think a good night out is something people take a bit for granted,” he says.

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New rules for restaurants, cafes, bars and clubs without Covid in Greece start this Friday

The new rules for the hospitality and entertainment sectors, including restaurants, cafes, bars, clubs and entertainment venues, will begin to apply across Greece on Friday, with government officials warning that inspections will be frequent and strict in order to ensure compliance with the measures.
The measures will apply from July 16 to August 31 and will include the following:

– Only seated customers (no dancing or standing at the bar) will be allowed in entertainment venues, both indoors and outdoors
– Indoor spaces (restaurants, etc., cinemas and theaters) can only function as Covid Free venues that only admit customers who are immune to Covid, whether by vaccination or disease and operate at 85% capacity
– For indoor entertainment venues, in particular, they are allowed to operate only as Covid Free venues with coverage of up to 85% of the usable area while respecting the rules of distancing and protection. All places of entertainment, both indoors and outdoors, must respect the minimum distance rules that apply for the restaurant sector.
– Owners of outdoor entertainment venues can choose to operate them as Covid Free zones.
– Minors can only enter Covid Free reception or entertainment venues after having carried out a negative self-test certified by a parent.

Fines and penalties

Violation of the above rules results in stiff fines and penalties that escalate for repeat offenders and depending on the size of the venue.
The fine for a first offense ranges from 2,000 euros for premises of less than 200 square meters and one week of business closure, or a fine of 5,000 euros and one week of closure for larger ones.
The fine is 10,000 euros for all establishments and a 15-day closure in the event of a repeat offense.
Companies that break the rules a third time will have their operating licenses temporarily withdrawn for a period of 60 days.
A repeat offense can be any violation of the rules listed above, not necessarily the same, and can be imposed on the basis of any evidence demonstrating a violation.


Public and private sector employers will have the right to ask to be informed whether their employees have been vaccinated or not.
As part of the measures against the novel coronavirus, companies may display one or more of the following signs that have been established, indicating whether a space is either Covid-Free, Mixed (in the case of outdoor spaces) or if the staff are all fully vaccinated. The panels can be downloaded from

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THE DISH: Umaga Cafe is worth the wait | Food

We are all looking for something new and interesting, especially when it comes to food. Here’s a look at some of the latest additions.

Umaga Cafe is in a soft opening but already brings it out of the park.

Umaga means “morning” in Filipino (Tagalog) and I could easily imagine starting my mornings with the Ooh-Bae latte, made with ube cookie butter. It was easier to scoop the butter from the cookies with the wide cut straw (designed for the boba) when the ice cream had melted a bit but it just allowed me to enjoy the flavor of the coffee.

Owners Jeremy and Jezreel Cruz started their business selling high quality coffee imported from the Philippines, and the coffee is available by bag in the store.

The queue was long on the first day of the smooth opening so I should have added a bag of coffee to the initial order.

Now on to the pastries, despite the warning that the menu would be limited as they went live, there was still plenty to choose from. I tasted pandan (screw pine), langka (jackfruit) and guava fritters. All were tasty and chewy, the pandan, topped with grated coconut, being my favorite. (And I normally don’t like the coconut on top, which is a testament to the baking’s balanced flavors.)

Finally, the donuts can be topped with a choice of options – milk chocolate with ube crumbs, Biscoff cookie crumbs, fruity pebbles, or chocolate or rainbow chips – but for now the case was stacked with garnished donuts.

Special praise is reserved for the ube mochi muffin. The last regular had been sold to the customer before me, so I got the gluten free version. It didn’t matter because the flavor of the ube was great and the chewy texture of the mochiko sweet rice flour was satisfying. I would gladly order this version, which differs from the other only by the addition of ube cookie crumbs, which contain gluten.

The banana and peanut butter fried bun, served with halo-halo ice cream, was a nice balance of crunch and sweetness. The peanut butter, which could be overwhelming in a flaky dish like this, was balanced with the ice cream.

If this was just a sample of what the cafe will offer, I’m excited to come back in the coming months and see what the full menu has in store – and grab an ube cheese pandesal, which was going to be a 30-minute wait as the initial batch was already sold out about an hour after opening last Saturday. (I had them at a previous Umaga pop-up held at the Idea Hive and I’m up for more.)

It should also be noted that the staff were courteous and helpful, explaining the flavors of the pastries and apologizing for any wait times.

I am happy to see another local family business take the next step in building their brand. Hoping Bakersfield does what he does best and supports him as fiercely as he did on opening weekend.

The cafe at 4801 Stockdale Highway is closed Mondays and open the rest of the week from 9 a.m. to 2 p.m.

For more information about Umaga Cafe, visit their website or its social networks – Facebook ( and Instagram (@umagacoffee).

New and improved

Tuesday, Subway launched what he called “Eat Fresh Refresh,” a massive overhaul of his menu, which took heat for the quality of the tuna he uses.

The changes include newly improved ingredients as well as fresh sandwiches.

Roast beef and roast chicken, both cut last summer, are back along with three new sandwiches: fresh Cali steak, made with steak, hickory smoked bacon, crushed avocado, BelGioioso mozzarella, spinach, red onion, tomatoes and mayo; the fresh Cali turkey, which is the same as the Cali steak, except that the featured protein is the oven roasted turkey; and the All-American Club, which features oven-roasted turkey, Black Forest ham, and hickory-smoked bacon with American cheese, lettuce, tomatoes, and red onions.

The standard subway club also benefited from the improved turkey, ham, and roast beef.

Some of the ingredients in these sandwiches might have intrigued you (at least as much as Subway) and that’s because they’re new or overhauled. These include mashed avocado, BelGioioso mozzarella, MVP (Most Valuable Parm) Parmesan dressing, hickory smoked bacon, black forest ham, oven roasted turkey, and steak.

There was also an upgrade to his signature Italian bread – now baked longer, at a higher temperature, 370 degrees, to give it a crispier crust – and his multigrain bread, made with amber grains and three types. of seeds. The last bread change was in 2000 when it went from cutting the trench at the top of the bread to slicing horizontally

The chain is also rolling out Subway Delivers, described as a white label delivery provided by DoorDash available on the company’s website and app. It’s part of the company’s ongoing efforts to simplify the digital control experience.

Reviews have been mixed since the midweek launch. Have you tried anything new at Subway? Email [email protected] and let us know what you think.

Coastal Grill from Rubio now offers Cauliflower Rice, available in any bowl or burrito for an additional $ 2. It can also be ordered as a side dish or in a children’s meal.

The herbal option is made with cauliflower rice cooked with fresh cilantro, lime juice, lemongrass and sea salt. A nutrient-dense food that contains antioxidants such as vitamins A and C, fiber, potassium, and calcium, it aligns with Keto, Whole 30, Paleo, Vegan, Gluten Free, and Vegetarian diets.

“Rubio customers are incredibly food savvy and appreciate being able to order personalized meals based on their wellness goals,” Rubio co-founder Ralph Rubio said in a press release. “When cabbage rice is replaced with rice in our California bowl, cabbage rice is just 130 calories with 7 net carbs per serving. It’s an easy swap that tastes delicious with great health benefits. . “

Rubio’s is at 9200 Rosedale Highway, Suite 200.

Popeye, which aimed to dominate the fast food chicken sandwich market, is expanding further into nuggets. Last on the menu nearly 10 years ago, the Nuggets will be available from July 27, taking “the quality and flavor” of Popeye’s famous chicken sandwich and breaking it into poppable chunks.

Nuggets are made from white meat and made with a special flour and dough system, according to Restaurant Business’s website. They are available in classic flavor and can be paired with several sauces, including Bayou Buffalo, BoldBQ, Blackened Ranch, Buttermilk Ranch, Mardi Gras Mustard, and Mild Heat.

Farmer boys offers two summer offers, both back at the request of customers. First up is the Pork Heaven Breakfast Burrito, consisting of three cage-free eggs, American cheese, crispy hash browns, homemade salsa, smoked hickory bacon, pork sausage. and diced ham, rolled in a hot flour tortilla.

He also brought back the Chicken Caesar Salad, which consisted of flame-grilled chicken, hand-diced Hass avocado, hickory-smoked bacon and Parmesan on a bed of hand-chopped romaine lettuce accompanied Farmer Boys Parmesan Crusted Sourdough. toast.

Menu items are available now through August 30. To learn more about Farmer Boys, visit

Stefani Dias can be reached at 661-395-7488. Follow her on Twitter: @realstefanidias.

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Compare personal loans with $ 0 application fees

When applying for a personal loan, you could be billed hundreds of dollars for the privilege of approval alone.

Given that there are loans in the market that you don’t charge a fee for, why choose one that does? There are reasons for this, but being lazy and not comparing different personal loans shouldn’t be any of them.

Here are some personal loans with no application fees, as well as information on the average cost and the differences a no-fee loan can make.

Compare personal loans with no application fees

The following table shows a selection of personal loans with no application fees, sorted by interest rate (ascending).

What is a personal loan application fee?

The fee for applying for a personal loan, also known as a setup fee or just an upfront fee, is charged by lenders for the cost of arranging a personal loan for you. These costs can include paying employees, submitting and submitting documents, digitally evaluating your application, and more. This is a common charge on all types of loans and is often applied to both Home loan and Car loans.

See also: The various personal loan fees explained.

What are the personal loan application fees?

Personal loan application fees typically range from $ 0 to $ 600, although a few charge much more. But on average, personal loans cost an average of about $ 165 upfront fees, which can be around $ 270 when other “upfront fees” such as documentation or assessment fees are included. Other lenders instead charge a percentage of your borrowed amount as a fee, around 1-5% of the loan value.

The big four banks (Commonwealth Bank, ANZ, NAB, and Westpac) are charging an average of $ 388 for personal loan applications at the time of writing. This should give you an idea of ​​how much more you can pay if you don’t compare different options.

How many personal loans have no application fees?

Application fees are very common with personal loans. In a sample of more than 200 products, research found there were only 21 personal loans that were charged a flat rate of $ 0 or 0%. That’s less than 10%.

Other personal loan fees are less common, but there’s a good chance a loan you compare may have an upfront fee on an application.

Are $ 0 loans cheaper?

“Cheaper” can be determined by many things, including how quickly someone pays off their loan. In terms of pure interest and fees, however, personal loans with no application fees appear to be cheaper overall.

Based on Savings’ research, this selection of zero application fee loans has, on average, lower interest rates compared to those that charge a fee. The average interest rate is 7.87% pa (per year) for loans with no upfront fee compared to 10.30% pa otherwise. The maximum interest rate for these loans is also 15% pa or 20.25% pa.

Comparing two average loans in terms of fees and interest rates results in two very different total amortizations for a $ 30,000 loan with a five-year term (fixed amortization):

Loan 1

Credit 2

interest rate

7.87% pa

10.30% pa


$ 0

$ 270

Monthly repayments

$ 606

$ 642

total cost

$ 6,386

$ 8,781

Based on this scenario (no ongoing repayments or additional repayments), Loan 1 would be nearly $ 2,400 cheaper over five years, which is nearly $ 40 per month. On average, loans with no application fees are cheaper, but that’s not a guarantee.

Related: Compare the cheapest personal loans

Fixed vs. variable personal loans

Personal loans can have fixed and variable repayments as well as Home loan and Car loans can. Like auto loans, fixed personal loans are more common, but scarce. Based on this sample of 200 previous loans (213 to be precise), just over half (112) have fixed repayments and 101 are variable.

In terms of fees, there isn’t much of a difference between the two. Both have loans with no application fees, while the average upfront fee is around $ 167 for fixed loans and $ 163.5 for variable loans. The maximum fee ($ 600) is for a fixed rate loan, but on average these loans are very similar in terms of application fees.

Secured vs. Unsecured Personal Loans

Secured personal loan fees are often lower than unsecured loan fees due to the lower risk to the lender.

What other personal loan fees are there?

Aside from the upfront fees, personal loans may require:

  1. Ongoing annual fees
  2. Monthly fees
  3. Other ongoing charges
  4. Documentation fees
  5. Stress test fees
  6. Early repayment fees
  7. Missed Repayment Fees
  8. Re-draw fees
  9. Break / early exit fees

Before taking out a personal loan, make sure you know what fees the lender charges by reading the Product Information Statement (PDS). Some of these fees are more common, like ongoing annual or monthly fees, while others are avoidable, like break fees, which can be much higher if you have to pay them.

The table below shows a selection of personal loans with no ongoing fees, sorted by interest rate (ascending).

There are very few personal loans that are absolute zero fees. Lender NOW FINANCE introduced a personal loan with no setup, ongoing, or early repayment fees last year – one of the few on the market – but only for loans under $ 15,000. There are only a handful of others, such as:

  • The Citi Personal Loan Plus
  • The Liberty Personal Loan
  • Police Credit Union solar eco loan
  • Unsecured personal loan from MoneyPlace

However, at the time of writing, some of these loans also charge late payment interest for failure to repay. Above Everyone the fees listed above, at least one is hidden in the general terms and conditions.

The two cents from

While upfront fees can be expensive (often costing a few hundred dollars), they’re not the most important thing to consider. In the vast majority of cases, that would be the interest rate. Comparing the above two loans, most of the more than $ 2,000 difference in cost is due to the different interest rates. On a five-year loan with $ 0 in fees for everything, a good interest rate can make all the difference:

$ 30,000 loan

$ 50,000 loan

6% pa interest rate

$ 34,799

$ 57,998

10% pa interest rate

$ 38,245

$ 63,741

15% pa interest rate

$ 42,822

$ 71,370

Look for a personal loan with a combination of a low interest rate and a low application fee, but prioritize the low interest rate first. The personal loan comparison rate can be a good indication of how cheap it really is, as it generally takes these upfront and ongoing fees into account.

Photo from DocuSign on Unsplash

When selecting the above products, the entire market was not considered. Rather, a stripped-down portion of the market was considered, including retail products from at least the four major banks, the ten largest customer-owned institutions, and Australia’s larger non-banks:

Some vendors’ products may not be available in all states.

In the interests of full disclosure,, Performance Drive and are part of the Firstmac Group. To learn how handles potential conflicts of interest and how we are paid, please click through the website links.

*the Comparison rate is based on a $ 30,000 loan over 5 years. Caution: This comparison price applies only to this example and may not include all fees and charges. Different terms, fees or other loan amounts can lead to a different comparison rate.

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Personal Loans I Personal loans are quick but expensive. Keep EMI below 50% salary, other reviews for best deal

Personal loans are quick but expensive. Keep EMI Below 50% Salary, Other Reviews For Best Deal | Image credit: BCCL

Personal loans are unsecured loans that are easily accessible and come with significant interest costs. When you need cash for unavoidable personal needs in an instant, personal loans are the best. Because these loans are unsecured, lenders easily reject applications if found to be inconsistent with their established eligibility criteria.

When considering taking out a personal loan, there are a few factors to consider

Credit-worthiness: Maintaining a good score is the foundation of your ability to receive any loan, be it a loan. Four credit reporting agencies (CIC) or credit bureaus such as Equifax, Experian, CRIF High Mark and CIBIL TransUnion provide their own credit and detailed credit reports in India.

The credit score, ubiquitously referred to as the CIBIL score, is a three digit number in the 300-900 range that summarizes a person’s entire credit history. All credit bureaus give this score. A credit score of 700 and above is considered ideal. A higher credit rating indicates a good credit rating and responsible repayment behavior.

Ensuring healthy financial habits such as regular payment of equal monthly payments and credit card bills. The best loan offers are given to those who have a credit score greater than 750. If your creditworthiness is affected by a fraudulent or inaccurate entry, have this corrected immediately by notifying the affected CIC and the lenders.

Current Loans: Lenders also evaluate the applicant’s current loans to determine repayment eligibility. The ongoing loan EMIs, including the one applied for, must not exceed 50% of the applicant’s monthly income. This is an important factor that lenders consider before making a decision on a loan application. Another important factor is the employer’s profile.

Reduce credit requests: When you apply for a loan, the lender will ask your credit bureau to check your creditworthiness. A lender performs a “tough” credit check when applying for credit. This will have a minor impact on your creditworthiness. Applying to multiple lenders will affect your creditworthiness as it will make many inquiries about your creditworthiness.

Compare Loans Online: Personal loans are the most expensive in terms of interest rates, which can range from 9 to 24% per annum. It is advisable to avoid personal loans unless clearly necessary. Experts suggest that it is best for borrowers to check with banks or non-bank financial firms that they already have a relationship with first for better deals.

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Secured vs. Unsecured Lines of Credit

Secured vs. Unsecured Credit Lines: An Overview

A Credit Line (LOC) is a revolving loan which can be used for any purpose. The borrower can access the credit line at any time, repay it and borrow again up to a maximum limit set by the lender.

Lines of credit can be secured or unsecured, and there are significant differences between the two, such as: B. the interest rate paid by the borrower.

The central theses

  • A secured line of credit is guaranteed by collateral such as a home.
  • An unsecured line of credit is not guaranteed by any asset; One example is a credit card.
  • Unsecured loans always come with higher interest rates as they are riskier for lenders.

What is a secured line of credit?

When a loan is secured, the lender has one Lien against an asset owned by the borrower. This asset becomes collateral and can be used by the lender in the Failure. A common example is a Home mortgage or a car loan. The bank undertakes to lend the money while receiving collateral in the form of the house or the car.

Likewise, a company or individual can obtain a secured line of credit using assets as collateral. If the borrower defaults on payment, the bank may seize the collateral and sell it to make up for the loss. Since the bank is sure of getting their money back, a secured line of credit usually comes with a higher credit line and a significantly lower credit line interest rate as an unsecured line of credit.

A common version of a secured LOC is the Home Equity Line of Credit (HELOC). At a HELOC, money is borrowed against them equity capital in the house.

Both secured and unsecured lines of credit can have a huge impact on your business credit-worthiness. In general, if you use more than 30% of the credit limit, your credit score will go down.

What is an Unsecured Line of Credit?

A lender takes a higher risk in providing an unsecured line of credit. No assets of the borrower will be attached in the event of late payment. Unsurprisingly, unsecured lines of credit are harder to come by for both businesses and individuals.

For example, a company might want to open a line of credit to fund its expansion. The funds are to be repaid from future business income. Such loans are only eligible if the company is well established and has an excellent reputation. Even then, lenders compensate for the increased risk by capping the loan amount and charging higher interest rates.

Credit cards are essentially unsecured lines of credit. That’s one reason the interest rates are so high on it. If the cardholder defaults on payment, the credit card issuer cannot demand any compensation.

Secured credit line vs. unsecured credit line
Secured LOC Unsecured LOC
Guaranteed by collateral Not guaranteed by an asset
Lower interest rates than unsecured loans Riskier for lenders, so the interest rates are higher
If a borrower defaults, the lender can seize collateral Harder to get approved by lenders

Should I choose a secured or unsecured line of credit?

Whether or not you opt for a secured or unsecured line of credit depends in large part on why you are using it. For everyday purchases, an unsecured line of credit like a credit card can make the most sense.

An unsecured line of credit is usually not the best option when you need to borrow a lot of money. As mentioned earlier, unsecured loans are riskier for lenders and usually come with higher interest rates. Secured loans, on the other hand, are easier and cheaper to get.

The bottom line

Both secured and unsecured credit lines have advantages over other types of credit. They can be used flexibly and multiple times (or not used), with low minimum payments and without full payment claims, as long as the payments are current.

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TitleMax Challenges New Dallas Payday Loan Regulation

By Katie Buehler (Apr 13, 2021, 9:18 PM EDT) – TitleMax petitioned a Texas court on Friday to ban the city of Dallas from enforcing new restrictions on payday loans and repayment plans, arguing the city had exceeded its powers when They passed an amended regulation designed to help its citizens avoid predatory lenders.

TitleMax of Texas Inc. and lenders Ivy Funding Co. LLC and NCP Finance LP allege in a lawsuit in Dallas County District Court that an amended ordinance, unanimously approved by the Dallas City Council in January, is prevented by and against state law The proper procedure violates the laws and regulations of the Texas Constitution or the United States Constitution.

The regulation is …

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Everi Launches Private Offering of $ 400.0 Million Unsecured Notes Due 2029

LAS VEGAS, June 28, 2021 / PRNewswire / – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a leading provider of land and digital casino gaming content and products, financial technology and player loyalty solutions, announced today that it intends, subject to market and other conditions, $ 400.0 million in the total notional amount of the senior unsecured notes due in 2029 (the “Notes”) in a Private Offering. The Notes are guaranteed by the Company and certain direct and indirect domestic subsidiaries of the Company on a senior unsecured basis.

Everi Holdings Inc. logo (PRNewsfoto / Everi Holdings Inc.)

The Company intends to use the proceeds of the Notes to repay in full its 7.50% Senior Unsecured Notes due 2025 and to pay related fees and expenses, and upon completion of the Refinancing of the Credit Facility described below, to repay a portion of the outstanding loans in accordance with its existing credit lines.

Upon completion of the Offering, the Company intends to enter into certain new credit facilities, the proceeds of which, together with cash, will be used to repay in full the remaining outstanding loans under its existing credit facilities (the “Refinancing through Credit Facilities”). The completion of the offering of the Notes is not dependent on the completion of the refinancing of the Credit Facility.

The Notes are only offered and sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) and non-US persons under Regulation S of the Securities Act. The bonds and their guarantees will not be registered under the Securities Act or state securities laws and may not be offered or sold The United States lack of registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and does not constitute an offer or solicitation; or sale in any jurisdiction in which or to any person to whom any such offer, solicitation or sale is unlawful. All offers of the Notes will only be made by means of a private offer memorandum. This press release is issued in accordance with and in accordance with Rule 135c of the Securities Act. This press release contains information about pending transactions and there can be no guarantee that such transactions will complete.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. As used in this context, forward-looking statements often relate to our expected future business and financial performance and often include words such as “intend,” “expect,” “plan “,” well established “,” believe “,” aim “,” aim “,” future “,” estimate “,” foresee “,” strive for “,” can “,” should “or” will “and similar expressions, to identify forward-looking statements.

The forward-looking statements in this press release are subject to additional risks and uncertainties, including those set out in our filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, our Annual Report on Form 10 – K for the past fiscal year December 31, 2020 filed with the SEC on March 15, 2021 and subsequent periodic reports and are based on information available to us as of the date of this agreement.

These cautionary statements qualify our forward-looking statements and you are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements contained herein speak only as of the date of their publication and we do not intend or assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events or otherwise.

This press release should be read in conjunction with our most recent reports on Form 10 – K and Form 10 – Q, as well as the information in our other filings with the SEC. Understanding the information contained in this document is important in order to fully understand our published financial results and our business outlook for future periods.

About Everi

Everi’s mission is to be the industry leader by redesigning the gaming experience. With a focus on player engagement and helping casino customers run more efficiently, the company develops entertaining game content and slot machines, gaming systems and services for land-based and iGaming operators. The company is also the leading provider of trusted financial technology solutions that power the casino space while improving operational efficiencies and meeting regulatory compliance requirements, as well as regulatory and intelligence software.

Investor Relations Contacts:

Everi Holdings Inc.


William pound

Richard Land, James Leahy

SVP, Investor Relations

212-835-8500 or [email protected]

702-676-9513 or [email protected]



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SOURCE Everi Holdings Inc.

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STAG Industrial is issuing $ 325 million in senior unsecured debt

BOSTON, July 8, 2021 / PRNewswire / – STAG Industrial, Inc. (the “Company”) (NYSE: STAG) announced today that it has entered into a Schuldschein agreement to issue $ 325 million of Fixed Income Senior Unsecured Notes in a private placement offering with a weighted average interest rate of 2.82% as of the issue date. The transaction consists of $ 275 million of 2.80% bonds with a term of ten years due on September 29, 2031, and $ 50 million of 2.95% Bonds with a term of twelve years due on September 28, 2033.

STAG industry logo. (PRNewsFoto / STAG Industrial, Inc.)

The Company expects the Offer to close on or at September 28, 2021.

The Notes have not been and will not be registered under the Securities Act of 1933 or the securities laws of any state or other jurisdiction and may not be offered or sold in the The United States or any other jurisdiction without registration or exemption from the registration requirements of the Securities Act of 1933 and the applicable securities laws of any state or other jurisdiction.

About STAG Industrial, Inc.

STAG Industrial, Inc. is a real estate investment trust focused on buying, owning and operating industrial real estate with a single tenant. The United States. away March 31, 2021, the company’s portfolio consists of 494 buildings in 39 states with approximately 99.1 million square feet of lettable space.

For more information, please visit the company’s website at

Forward-Looking Statements

This press release, together with other statements and information publicly disclosed by the company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends that such forward-looking statements will be subject to the safe harbors for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for the purpose of complying with those safe harbors. Forward-looking statements, which are based on certain assumptions and describe the company’s future plans, strategies and expectations, are generally identified by the use of the words “believe”, “will”, “expect”, “intend”, “anticipate”, “estimate” “,“ Should ”,“ project ”or similar expressions. You should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that, in some cases, are beyond the control of the company and that could materially affect actual results, performance or achievements. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company’s Annual Report on Form 10-K for the past year December 31, 2020 as updated by the company’s quarterly reports on Form 10-Q. Accordingly, there is no guarantee that company expectations will be met. Unless otherwise required by federal securities laws, the Company disclaims any obligation or obligation to publicly release any updates or revisions to any forward-looking statements contained herein (or elsewhere) to reflect changes in Company expectations regarding this or changes in events Conditions or circumstances on which such a statement is based.

Source: STAG Industrial, Inc.



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Transcontinental Inc. Announces Private Offering of $ 250 Million Senior Unsecured Notes

MONTREAL, July 07, 2021 (GLOBE NEWSWIRE) – Transcontinental inc. (TSX: TCL.A TCL.B) announced today that it has made an offer of $ 250 million in aggregate face value of 2.28% senior unsecured notes due in July 2026 (“the Notes”).

The bonds are being issued through an agency consortium consisting of BMO Capital Markets Inc., CIBC World Markets Inc., Scotia Capital Inc. as Joint Bookrunners and including Desjardins Securities Inc., National Bank Financial Inc., TD Securities Inc. and Casgrain & Limited Company Liability.

The offering is expected to end on or about July 12, 2021, subject to customary closing conditions. Transcontinental Inc. intends to use the net proceeds of the offering to repay existing debt, including the November 1st tranche of the term loansNS, 2021, and other general corporate purposes.

“The bond offer announced today will provide the company with additional financial flexibility to implement its growth strategy. The current environment, supported by a strong balance sheet, offers the company the opportunity to secure financing at an attractive level,” said Donald LeCavalier, Chief Financial Officer of Transcontinental Inc.

The Notes are direct unsecured debt of Transcontinental Inc. and will rank pari passu with all other unsecured and unsubordinated debt of Transcontinental Inc. The Notes are being offered in Canada in a private placement in reliance on exemptions from the prospectus requirements under applicable securities legislation.

The Notes have not been and will not be approved for sale to the public under applicable securities laws in Canada and accordingly all offers and sales of the Notes in Canada are made on a basis that is exempt from the prospectus requirements of such securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or the securities laws of any other jurisdiction and may not be offered or sold in the United States in the absence of registration under the US Securities Act or any applicable exemption from registration requirements under the US Securities Act. This press release constitutes neither an offer to sell nor a solicitation of an offer to buy, nor may there be an offer to sell or a solicitation of an offer to buy the Notes in any jurisdiction in which this is unlawful.

About TC Transcontinental

TC Transcontinental is a leader in flexible packaging in North America and Canada’s largest printing company. The company is also Canada’s leading publishing group for French-speaking educational institutions. For over 45 years, TC Transcontinental’s mission has been to develop high quality products and services that enable companies to attract, reach and retain their target customers.

Respect, teamwork, performance and innovation are the strong values ​​of the company and its employees. TC Transcontinental’s commitment to its stakeholders is to conduct its business in a responsible manner.

Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has nearly 8,000 employees, most of whom are based in Canada, the United States, and Latin America. TC Transcontinental achieved sales of approximately CAD 2.6 billion in the fiscal year ended October 25, 2020. For more information, please visit the TC Transcontinental website at

Forward-Looking Statements

Our public announcements often contain oral or written forward-looking statements that are based on management’s expectations and that are inherently subject to a number of known and unknown risks and uncertainties. By their very nature, forward-looking statements are based on both general and specific assumptions. The company cautions against placing undue reliance on such statements, as actual results or events could differ materially from the expectations expressed or implied. Forward-looking statements may include observations about the company’s goals, strategy, expected financial results, and business prospects. The future performance of the company can also be influenced by a number of factors, many of which are beyond the will or control of the company. These factors include, but are not limited to, the economic climate in the world, structural changes in the industries in which the company operates, the impact of the development and adoption of digital products on the demand for retail-related services and other printed products, the company’s ability to produce organic Generating growth in highly competitive industries, the company’s ability to complete and properly integrate acquisitions in the packaging industry, the inability to maintain or improve operational efficiencies, and avoid disruptions that could affect deadlines, cybersecurity and privacy , the political and social environment as well as regulatory and legislative changes, especially with regard to the environment and house-to-house distribution, changed consumption habits, especially in connection with questions of sustainable development g and the use of certain products or services such as door-to-door distribution, change in consumption habits or loss of a large customer, customer consolidation, the safety and quality of its packaging products that are used in the food industry, the protection of its intellectual property rights, the exchange rate, the Availability of capital at a reasonable price, bad debts from certain customers, import and export controls, raw material and transportation costs, recruitment and retention of qualified personnel in certain geographic areas and industrial sectors, taxation, interest rates and the effects of the COVID-19 pandemic the operations, facilities and financial results, changes in consumption habits of consumers and changes in the operational and financial condition of the company’s customers due to the COVID-19 pandemic and the effectiveness of the plans and actions taken in response n. The key risks, uncertainties, and factors that could affect actual results are discussed in the Discussion and analysis of the management for the year ending October 25, 2020 and at the latest Annual information form.

Unless otherwise specified by the company, forward-looking statements do not take into account the potential effects of one-time or other unusual events, or any disposal, business combination, merger or acquisition announced or entered into after the date of July November 2021. The forward-looking statements in this press release are made in accordance with the “Safe Harbor” provisions of applicable Canadian securities laws. The forward-looking statements in this press release are based on current expectations and information available as of July 7, 2021. Such forward-looking information may also be found in other documents filed with Canadian securities regulators or in other communications. Management of the company disclaims any intention or obligation to update or revise these statements unless the securities authorities request otherwise.


For information:


Financial community

Patricia Lemoine

Yan Lapointe

Manager, External Communication and Public Affairs

Director, Investor Relations

TC Transcontinental

TC Transcontinental

Phone: 514-954-2805

Phone: 514-954-3574

[email protected]

[email protected]

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Summit Industrial Income REIT Announces $ 225 million unsecured debt offering



TORONTO, July 12, 2021 / CNW / – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has agreed to the issue (the “Offer”) $ 225 million Total notional amount of the D Series Senior Unsecured Notes (the “Notes”). The Notes are issued at a price of $ 999.68 Per $ 1,000 Nominal amount of which interest at 2.44% pa and is due July 14, 2028. Offer is expected to close on or approximately July 14, 2021, subject to certain customary closing conditions being met.

Summit intends to use the net proceeds of the Offering to prepay existing fixed income debt maturing in 2028 and 2029 at a weighted average rate of approximately 4.0% and for general escrow purposes.

The Notes are being offered by a consortium of agents led by BMO Nesbitt Burns Inc. and National Bank Financial Inc. on a best-effort basis. DBRS Limited has a preliminary rating of “BBB (low)” with a “stable” trend on the Notes. It is a condition for the completion of the Offering that DBRS Limited assign the Notes a final rating of “BBB (low)” with a “stable” trend.

Summit makes the offer in Canada according to their base prospectus dated June 21, 2021. The terms of the offering are set out in a prospectus supplement to the base prospectus which is required to be filed with the Canadian securities regulatory authorities in each province and territory of the United States Canada and can be reached at

The bonds have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”), as amended, and may not be offered, sold or delivered, directly or indirectly The United States, or to or for the account or for the benefit of “US Persons” (as defined in Regulation S of the 1933 Act), lack of registration or an applicable exception to the registration requirements of the 1933 Act. This press release does not constitute an offer for sale or a solicitation to submit an offer to buy bonds in The United States or to or for the account of or for the benefit of US persons, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Over peaks
Summit Industrial Income REIT is an unregistered open-end trust focused on growing and managing a portfolio of light industrial real estate across the world Canada. Summit’s units are listed on the TSX and trade under the symbol SMU.UN. For more information, please visit our website at

Warning notices
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “can”, “will”, “project”, “should”, “believe”, ” Plans, “intends,” “goal” and similar expressions are intended to identify forward-looking information or statements. Forward-looking information may relate to future results, performance, successes, events, prospects or opportunities for the REIT or the real estate industry, prospects and expected events or results. Some of the specific forward-looking statements contained herein contain statements relating to the following: the REIT’s intention to complete the offering on the terms described herein; the size of the offer; the date on which the offer is expected to close; the expected final credit ratings for the Notes; the time for submitting the supplement to the prospectus; the use of the proceeds from the Offering and the plans, goals, strategies, intentions, beliefs, estimates, costs, goals, economic performance or expectations of the Summit or the assumptions underlying the foregoing.

A variety of factors, many of which are beyond the control of the REIT, affect the operations, performance, and results of the REIT and its business and could cause actual results to differ materially from current expectations of estimated or expected events or results . These factors include, but are not limited to, the risks discussed in the REIT’s filings from time to time with Canadian securities regulators Readers are cautioned to weigh these and other factors, uncertainties and potential events carefully, as there can be no guarantee that actual results will match any such forward-looking statements.

The information contained in forward-looking statements is based on certain material assumptions that were used in drawing conclusions or making a forecast or forecast, including general economic conditions. While management believes these assumptions are reasonable based on the information currently available, they may prove to be incorrect. By its very nature, forward-looking information is subject to various risks and uncertainties that could cause actual results and expectations to differ materially from expected results or expectations expressed, and given the impact of COVID-19 and government action to contain it, the REIT’s assumptions are naturally associated with more uncertainty compared to previous periods.

Readers are cautioned not to place undue reliance on this forward-looking information as of the date of this publication and not to use this forward-looking information for any purpose other than its intended purpose. Summit assumes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or for any other reason, except as required by law.

SOURCE Summit Industrial Income REIT


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Summit Industrial Income REIT announces the completion of its $ 225 million unsecured debt offering


TORONTO, July 14, 2021 / CNW / – Summit Industrial Income REIT (“summit” or the “REIT“) (TSX: SMU.UN) announced today that its previously announced offer (the”offer“) of $ 225 million in aggregate principal amount of D Series Senior Unsecured Notes (the”Bonds“). The bonds have a coupon of 2.44% per annum and are due on July 14, 2028.

Summit Industrial Income REIT Logo (CNW Group / Summit Industrial Income REIT)

The Notes were offered by a consortium of agents led by BMO Nesbitt Burns Inc. and National Bank Financial Inc. to the best of their ability. DBRS Limited has a final rating of “BBB (low)” with a “stable” trend on the Notes. The bonds were issued in accordance with a supplement to the prospectus dated July 12, 2021 to the base prospectus of Summit from June 21, 2021.

Summit intends to use the net proceeds of the offering to repay existing fixed income debt maturing in 2028 and 2029 at a weighted average rate of approximately 4.0% and for general trust purposes.

The bonds have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”), as amended, and may not be offered, sold or delivered, directly or indirectly The United States, or to or for the account or for the benefit of “US Persons” (as defined in Regulation S of the 1933 Act), lack of registration or an applicable exception to the registration requirements of the 1933 Act. This press release does not constitute an offer for sale or a solicitation to submit an offer to buy bonds in The United States or to or for the account of or for the benefit of US persons, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Over peaks
Summit Industrial Income REIT is an unregistered open-end trust focused on growing and managing a portfolio of light industrial real estate across the world Canada. Summit’s units are listed on the TSX and trade under the symbol SMU.UN. For more information, please visit our website at

Warning notices
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “can”, “will”, “project”, “should”, “believe”, ” Plans, “intends,” “goal” and similar expressions are intended to identify forward-looking information or statements. Forward-looking information may relate to future results, performance, successes, events, prospects or opportunities for the REIT or the real estate industry, prospects and expected events or results. Some of the specific forward-looking statements contained herein include statements regarding the use of the proceeds from the Offering and the plans, goals, strategies, intentions, beliefs, estimates, costs, goals, economic performance or expectations or assumptions made by any of the foregoing .

A variety of factors, many of which are beyond the control of the REIT, affect the operations, performance, and results of the REIT and its business and could cause actual results to differ materially from current expectations of estimated or expected events or results . These factors include, but are not limited to, the risks discussed in the REIT’s filings from time to time with Canadian securities regulators Readers are cautioned to weigh these and other factors, uncertainties and potential events carefully, as there can be no guarantee that actual results will match any such forward-looking statements.

The information contained in forward-looking statements is based on certain material assumptions that were used in drawing conclusions or making a forecast or forecast, including general economic conditions. While management believes these assumptions are reasonable based on the information currently available, they may prove to be incorrect. By its very nature, forward-looking information is subject to various risks and uncertainties that could cause actual results and expectations to differ materially from expected results or expectations expressed, and given the impact of COVID-19 and government action to contain it, the REIT’s assumptions are naturally associated with more uncertainty compared to previous periods.

Readers are cautioned not to place undue reliance on this forward-looking information as of the date of this publication and not to use this forward-looking information for any purpose other than its intended purpose. Summit assumes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or for any other reason, except as required by law.

SOURCE Summit Industrial Income REIT



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Everi announces the successful completion of $ 400.0 million senior unsecured notes due in 2029

LAS VEGAS, July 15, 2021 / PRNewswire / – Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a leading provider of land and digital casino gaming content and products, financial technology and player loyalty solutions, announced today the successful completion of the previously announced offer of $ 400 million in the aggregate notional amount of its 5,000% Senior Unsecured Notes due 2029 which will be issued at face value (the “New Notes”). The new Notes are guaranteed by certain wholly owned subsidiaries of the Company.

Everi Holdings Inc. logo (PRNewsfoto / Everi Holdings Inc.)

The Company intends to use a portion of the proceeds from the New Notes to (i) fully repay its 7.50% Senior Unsecured Notes due 2025 (the “2025 Notes”) and (ii) all related fees and expenses pay. Upon completion of the Company’s previously announced expected new credit facilities in August 2021, the Company intends to use the remaining proceeds from the New Notes, along with the proceeds from such expected new credit facilities and cash, to (i) repay all outstanding loans under its currently existing credit facilities and to meet all obligations under its currently existing credit facilities quit; and (ii) pay all related fees and expenses.

The New Notes have been offered and sold only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) and non-US persons under Regulation S of the Securities Act. The New Notes and their guarantees have not been and will not be registered under the Securities Act or state securities laws and may not be offered or sold The United States lack of registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the New Notes or any other security and does not constitute an offer, solicitation or sale in any jurisdiction in or to any person to whom such an offer is made , Solicitation or sale is illegal. All offers of the New Notes will only be made by means of a private offer memorandum. This press release is issued in accordance with and in accordance with Rule 135c of the Securities Act.

This press release does not constitute a notice of redemption under the bond for the 2025 bonds or an offer to offer or buy 2025 bonds or any other security.

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements include statements about our intended use of proceeds and anticipated financing transactions, and often contain words such as “intended,” “anticipated,” “search.” “,” Expect “,” plan “,” believe “,” aim “,” aim “,” future “,” estimate “,” can “,” should “,” well positioned “or” will “and similar expressions, to identify forward-looking statements.

The forward-looking statements in this press release are subject to additional risks and uncertainties, including those set out under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Operating Results” in our filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, our Annual Report on Form 10 – K for the past fiscal year December 31, 2020 filed with the SEC on March 15, 2021 and subsequent periodic reports and are based on information available to us as of the date of this agreement.

These cautionary statements qualify our forward-looking statements and you are cautioned not to place undue reliance on these forward-looking statements. All forward-looking statements contained herein speak only as of the date of their publication and we do not intend or assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events or otherwise.

This press release should be read in conjunction with our most recent reports on Form 10 – K and Form 10 – Q, as well as the information in our other filings with the SEC. Understanding the information contained in this document is important in order to fully understand our published financial results and our business outlook for future periods.

About Everi
Everi’s mission is to be the industry leader through the power of people, imagination and technology. With a focus on player loyalty and helping casino customers run more efficiently, the company develops entertaining game content and slot machines, gaming systems and services for land-based and iGaming operators. The company is also the leading provider of trusted financial technology solutions that power the casino space while improving operational efficiency and meeting regulatory compliance requirements, including products and services that enable convenient and secure cash and cashless financial transactions, self-service Player retention tools and applications, as well as regulatory and intelligence software.

Investor Relations Contacts:

Everi Holdings Inc.


William pound

Richard Land, James Leahy

SVP, Investor Relations

212-835-8500 or [email protected]

702-676-9513 or [email protected]



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SOURCE Everi Holdings Inc.

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Indian banks see their peak after FY23: Fitch

MUMBAI: According to Fitch Ratings, Indian banks’ credit strain is likely to peak after fiscal 2023 as regulatory relief measures postponed asset quality issues. In a press release titled Indian Banks 2021 Report Card, the global rating agency said the stress from small business and retail customers was not fully accounted for by lenders, which caused banks’ credit ratios to drop to 7.5% in fiscal 2021 is.

“Additional relief efforts targeting Covid-19 affected segments (such as micro, small and medium-sized enterprises (MSMEs), retail and contact services) have played a critical role in deferring the detection of asset quality problems. Fitch expects NPL after FY23 to peak as stress from that pool is likely to manifest itself over a fairly long period of time, ”the press release said.

According to Fitch, the regulatory moratorium, the Covid-19-specific restructuring and the government-guaranteed refinancing for MSMEs account for around 10% plus system loans. The rating agency also said the crackdown on bad loans will continue in the current budget year as new measures address the impact of the second wave of the pandemic.

Fitch also said it anticipates banks’ exposure to stressed MSME and retail borrowers will continue to grow as relief spending increases. It added that it is likely to force banks, especially state ones, to curb regular lending if they do not have adequate core capital buffers and a weak emergency buffer

The global rating agency estimates that the aggregate potentially strained credit volume is highest at 11.9% of the loans with large state banks, followed by medium-sized state banks at 9.3%, after the total exposure to MSMEs using the ECLGS on the Based on the available bank information.

“Most private banks have significantly fewer impaired loans and a higher proportion of government-guaranteed ECLGS loans (2.2%) than state banks (1.2%) in FY21, but they also have more retail loans. We consider MSME and retail lending particularly unsecured and loans to low- and middle-income borrowers as most at risk, although retail lending has so far outperformed our expectations, “the press release said.

Fitch expects the outlook for Indian banks to be moderately poorer in 2021 as it sees subdued prospects for new business due to expectations of weak business and consumer confidence, ongoing high risk aversion among banks and sub-trend credit demand.

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Budget buster: is it worth filing for bankruptcy on student loans?

OPINION: Bankruptcy is one of the great unsung achievements of civilization. It’s an implicit recognition of the fact that people change – a release valve that prevents one version of us from holding all of our future selves hostage for eternity.

Nowhere is that more glaring than for student loans.

How much do you really have in common with your 17 year old self? Teens aren’t known for their impulse control or foresight: their frontal lobes don’t develop until they are in their mid-twenties.

Yet they are free to take out large unsecured loans in exchange for a piece of paper that may or may not prove worthless.

* Five options for student loan refugees
* Get rich by reducing your carbon footprint

For a small number of overseas borrowers tied to a debt millstone that they have no prospect of repayment, bankruptcy is at least worth considering.


For a small number of overseas borrowers tied to a debt millstone that they have no prospect of repayment, bankruptcy is at least worth considering.

Successive governments have cracked down on responsible lending and hypocritically encouraged schoolchildren to commit themselves into bondage.

So I’m not going to waste ink arguing “responsibility” against student loan disbursements. No doubt a few villains have deliberately tried to take advantage of the system, but most people who end up in this position don’t do it for free.

There is a social stigma associated with going bankrupt, which is fair enough. But that’s not the end of the world either. Just ask the President of the United States, who has filed no fewer than six corporate bankruptcies (and somehow manages to remain personally solvent).

Forget about pride or an inappropriate sense of honor. As far as I can see, the only meaningful question is whether bankruptcy is a smart financial move.

Obviously, this is a last resort and should only be considered after all of the other options are in Last week’s column. But how bad is “bad”?

For most student debtors, bankruptcy is absolutely not worth it, writes Richard Meadows.


For most student debtors, bankruptcy is absolutely not worth it, writes Richard Meadows.

According to the Bankruptcy and Trustees Service, “Bankruptcy can be a good bankruptcy option for you if you owe more than $ 50,000.”

According to my calculations, that’s about 70,000 student loan borrowers. Most of these people live in New Zealand: their loans are interest-free, with no repayment below a certain income limit.

It is the roughly 20,000 highly indebted foreign borrowers who are more likely to consider bankruptcy – and who may also find the process less ruinous.

As soon as you hit the big red button, all of your New Zealand assets, with the exception of furniture, a cheap car, tools and some cash, become the property of the official assignee.

If you own property abroad, the official assignee can have your bankruptcy recognized abroad and also handle these assets, but not necessarily.

As a bankrupt abroad, the usual travel restrictions aren’t an issue either: you don’t need to ask for permission to leave New Zealand if you’ve already left.

Just ask the incumbent US president if bankruptcy is the end of the world.


Just ask the incumbent US president if bankruptcy is the end of the world.

And of course, you have a much better chance of keeping things calm. Yes, your name and personal information will be saved in the. released New Zealand Gazette, but it won’t necessarily get to your employer’s ears.

Compare that to New Zealand where you have to give your employer a new IR number, which is a small giveaway and could even put your job security at risk.

You are less likely to be able to protect your credit even when you are overseas. Many credit bureaus operate internationally and your name can be easily researched in the bankruptcy register.

If you choose the nuclear option, you will spend the next three years or so in financial limbo. You must explain your household budget to the official representative and make repayments if you exceed a certain amount.

Even after your bankruptcy ends, it will be difficult to borrow again. This could affect your job prospects or affect your ability to rent real estate. You have to start over with just a dime for your name.

But your student loan will be gone forever. Is it worth?

For most people, absolutely not. For a small number of overseas borrowers tied to a debt millstone that they have no prospect of repayment, this is at least worth considering.

Do you have a burning question about money? Email or call Budget Buster at [email protected] on Facebook. You can also find links to previous Budget Busters here here.

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The demand for educational loans is increasing amid the Covid crisis

FinTech companies like GyanDhan support students in financing their training abroad.

Rising costs make it more difficult for parents to invest in their children’s education, even though “investments in education bring the best interest”. An MBA from ISB will set you back Rs 40 lakh in 2021, which would have been Rs 26 lakh in 2016. A similar increase can be seen in the cost of education in the United States. Harvard University billed its international students $ 60,659 as tuition fees in 2016, up to $ 76,479 for the 2021-22 academic year. As a parent, financing your child’s college education becomes easier with educational loans.

When we record the history of education loans in India, the data convey a simple truth: Despite rising education costs, the number of education loans is falling. The number of approved educational loans has steadily declined since the end of 2016. There are many reasons for this decline. To name just a few – first the demonetization, then the steadily increasing volume distressed assets (NPA) and most recently the Covid-19 pandemic. But it’s the NPAs who also take the cake and the cherry. The NPA on student loans is much higher than any other segment.

Lenders came up with a unique solution to this puzzle – throttling low-value loans and sanctioning large loans. It notes that pre-pandemic world education loans had shrunk nearly 25 percent by 2019. The number of loans granted was 3.34 lakh in 2015, while the number of loans granted was only 2.5 lakh in 2019 – a drastic decrease in the number of students benefiting from educational loans. But where the number of loans has decreased, the value of the loan has increased. In the 2019 financial year, the total loan amount disbursed is Rs. 22,550 crore, while the total loan amount disbursed in the 2016 financial year is Rs. 16,800 crore – an astonishing 32 percent increase in the loan amount disbursed. This is an indication that banks are no longer playing the volume game. The focus has shifted to sanctioning high-value loans; It’s a value game now.

These numbers are an indication of the pre-pandemic scenario. Demand for educational loans hit a new high during the pandemic as people rushed to enroll in a short-term continuing education course or move up to an executive course. In addition to domestic continuing education, the number of applications for foreign universities also rose by 35 percent. Demand has certainly increased during the Covid-19 pandemic, but payouts remain on the lower side, with only Rs 11,000 billion paid out in the 12 months to September 2020.

‘Model Education Loan Scheme’, formulated by the IBA, requires banks to offer security-free education loans under Rs 7.5 lakh. The IBA has provided lenders with comprehensive guidelines that give them the flexibility to offer different educational loan products to the customer. However, banks grant these affordable education loans without questioning the applicants’ financial performance and future employability. The lack of employability, combined with the fact that these are low entry price unsecured loans with no fear of ownership, add more to the rise in NPA. While loans with a value over Rs 4 lakh require a guarantor and loans over Rs 7.5 lakh require a collateral. A student who defaults on a secured education loan runs the risk of losing collateral and therefore thinks twice before going bankrupt. As of December 31, 2021, 9.55 percent of education loans issued by public banks were considered NPAs. Since unsecured, low-entry education loans make a larger contribution to increasing NPAs, banks have switched to high-entry secured education loans. This shift did two things in particular: first, it affected the low-income segment of society and created an educational gap, and second, it created space for EdTech companies to fill the void that traditional lenders could not.

The Indian government has launched various interest subsidy programs that have helped ease the financial burden on the low-income population and encourage lenders to provide educational loans, such as: B. the Central Sector Interest Subsidy System. Although there are some features of this system that need improvement, such as the limit on loan amounts, it is still a step in the right direction. Banks will also have to make adjustments and follow a model of granting educational loans based on factors such as future student earning potential, the ranking of the college and degree program, and the financial strength of parents. Non-banking finance companies (NBFC) already take these elements into account and have lower NPA rates. Another solution to increasing the number and value of educational loans is through risk-based pricing. Not every student leaves an NBFC with the same interest rate. The interest rates are based on the risk the lender takes. But a student with excellent academic performance can get an even lower rate of interest. Although the risk of an asset deteriorating is never zero, taking these factors into account reduces the risk and helps in assessing the student’s creditworthiness.

With increasing digitization, new educational technologies and EduFinance, companies have emerged that serve areas that were previously ignored. These EdTech companies and startups focus on the smaller segments of the market and fund short-term training courses and programs that have been vetted by traditional lenders such as banks and NBFCs. They have launched pilot programs providing zero EMI loans while working with banks and NBFCs to streamline the loan mechanisms to serve both the student and the lender more efficiently. It’s still in its early stages but has shown commendable performance and promise. GyanDhan, a FinTech startup, ventured into the domestic market after helping students fund their education abroad. Her focus is on giving students the opportunity to continue their education without having to pay large sums of money at once. Another digital non-banking company, Eduvanz, has so far paid out Rs.300 billion in loans to students to fund their school fees, college fees, and professionals attending continuing education courses. Propelld, a digital lending startup, has partnered with various financial institutions and NBFCs to offer bespoke educational loan products for students for professional courses. They aim to offer credit options to students with a low credit score or a nonexistent credit history.

With total educational credit worth a meager $ 14 billion in a sector that spends over $ 40 billion annually, the scope for growth is immense. While the current focus is on “sustainable consumer finance,” the future of education lies in employability-based finance solutions, including Income Share Agreements (ISA), a method used by several universities in the US, and development bonds in addition to traditional education loans . Almost 800 Purdue University students have received

$ 9.5 million in funding through Income Share Agreements. There are similar success stories from other US universities such as Clarkson University, University of Utah, which follow this model and help students finance their education. In the years to come, borrowers and lenders should also expect sachetization – the funding of small amounts for modules instead of courses – that will improve accessibility for the general public.

The author is founder, GyanDhan

DISCLAIMER: Views that are expressed are the author’s own views and Outlook Money does not necessarily subscribe to them. Outlook Money is not liable for any damage caused directly or indirectly to any person / organization.

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5 Things You Should Know About Unsecured Construction Loans

It is the “paper or plastic” of the building loan – regardless of whether your loan is supposed to be secured or unsecured.

a person standing in front of a door: a man painting a wall

© EyeWolf / Getty Images
A man painting a wall

Unsecured loans that are marketed specifically for home improvement are a relatively new option. Many of the current lenders started making these loans after the home market collapsed over a decade ago, leaving many homeowners with less (or negative) equity.


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A unsecured home improvement loan is a private loan with which no asset is connected to secure the debts. For example as opposed to Home loan and Home Equity Lines of Credit (HELOCs), these loans are not backed by your home and do not require you to have a specific amount of home equity in order to qualify. Instead, your credit score is based on factors such as your credit score, your debt-to-income ratio, and your income.

A major benefit of using an unsecured home improvement loan instead of a home equity loan or HELOC is that if you default on the loan, the lender will not be able to foreclose your home unless that lender is ruled by a court of law.

1. Unsecured loans come in lower dollar amounts.

Since unsecured loans are riskier for lenders, they usually come with lower maximum loan amounts. Depending on your financial situation, most lenders can borrow up to $ 50,000, and some lenders can borrow up to $ 100,000 if you have a high income.

If you have well over $ 100,000 worth of equity in your home, you may be able to borrow more money on a home loan.

The amount of your entitlement depends on your income, Debt-Income Ratio and creditworthiness. When you take out a larger loan, you can take out larger fixed monthly payments depending on the term of your loan. Use one Personal loan calculator to help you estimate your monthly payments so that you can decide if the loan is within your budget.

2. The loan terms are usually shorter.

Another factor to consider when making your decision How do I pay for home improvement? or home repairs is that unsecured personal loans usually have shorter loan periods than secured loans. While construction loans usually have terms of two to twelve years, home equity loans have terms of five to 30 years.

A longer repayment period may be better for your budget as your monthly payments may be lower. However, the downside is that you will have to pay more interest during the life of the loan.

3. They are quickly available, often with no entry fees.

Unsecured personal loans are based on your income, debt load, and credit history, so they’re as quick and easy to obtain as a credit card. Also, some lenders offer same-day approval and deposit your funds into your account the next business day.

In addition, you can minimize your borrowing costs by looking for no-fee construction loans. Common fees include application fees, commitment fees, repayment fees, and prepayment fees, which are penalties for repaying loans before the term expires.

If you get a home loan instead, you may have to pay closing costs depending on the lender.

4. You can pay higher interest rates without collateral.

If you opt for an unsecured home improvement loan, you may pay a higher interest rate as these loans are riskier for the lender. From April 2021, Home Improvement Loan Interest Rates between 3 and 36 percent. In contrast, the average home loan interest rate is between 3.25 percent and 7.11 percent and the average HELOC rate is between 1.99 percent and 6.85 percent.

The interest rate that you get on your home finance loan depends on factors such as your creditworthiness – in general, you will get a lower interest rate if you have a higher creditworthiness. To get an estimate of your price, prequalify for a loan with multiple lenders if possible.

5. Unsecured borrowers need good credit.

Would you like an unsecured construction loan? If you want to get a large sum, you need a good credit score – a credit score of 670 or more on the FICO credit rating model. If you have poor or bad credit, you may not meet the minimum credit requirements from the lender. Even if you are approved, you will most likely qualify for a lower loan amount with a higher interest rate.

If you have bad credit and are willing to pay more for a home improvement loan, then you should apply Construction loan with poor creditworthiness. Some lenders will approve you for a loan with a credit score of only 580.

To improve your chances of qualification, you can use a Co-debtor or co-signatory if the lender lets you. Alternatively, you can take steps to Improve your credit score before applying, for example when paying off debt.

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The first unsecured consumer installment loan securitization by LendingPoint in 2021

LendingPoint is issuing four classes of bonds valued at approximately $ 516.5 million, its first securitization this year backed by consumer unsecured consumer loans. The Kroll Bond Rating Agency (KBRA) has issued preliminary ratings to the four bond classes in the transaction. This is the company’s fifth securitization to have been rated by KBRA of unsecured consumer installment loans without Prime.

According to the rating agency, LendingPoint is now using a hybrid lending model for its direct-to-consumer (DTC) loans, leveraging its state licenses in Georgia, Utah, South Dakota, and Colorado, as well as relationships with its third-party banks, FinWise and Erste Electronic Bank ( FEB) for all other countries.

A key point KBRA highlighted in its pre-sale on the deal is the regulatory considerations related to the market credit sector, which is still under scrutiny by regulators and consumer advocates alike.

At the federal level, some regulators have tried to clarify some of the issues that market lenders face. For example, over the past year, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency enacted definitive rules that clarified issues such as the ramifications of selling, assigning, or transferring the applicable interest rate on a loan.

An OCC rule also went into effect last December, setting the standards for determining the true lender in a partnership between a bank and a third party.

One issue specific to LendingPoint has to do with the company now using FinWise and FEB – both third-party Utah banks – to extend some of the DTC loans to borrowers living in states other than Utah, according to KBRA.

The company, which was founded in July 2014, issued its first DTC loan in the first quarter of 2015. As of June 30, 2021, it has issued more than $ 3 billion in DTC loans with a current principal outstanding of $ 1.2 billion

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Types of Unsecured Loans You Can Avail – Forbes Advisor INDIA

The need for adequate capital for individuals and businesses is paramount. Fund can be obtained in the form of a loan from a bank or non-bank financial firm (NBFC). There are two main types of loans – secured and unsecured.

A secured loan is a type of loan that is granted in return for an asset. The credit institution holds the borrower’s assets in custody as security against non-repayment of the loan. On the other hand, banks also offer loans without collateral. Unsecured or collateral free loans are sanctioned taking into account various factors such as the borrower’s credit rating. From a lender’s point of view, unsecured loans carry more risk than a secured loan.

The two main differentiators between unsecured and secured loans are:

While the interest rate varies from lender to lender, unsecured loans have a higher interest rate than secured loans. Unsecured loans are relatively risky for the lender, and higher interest rates will help offset the risk more quickly.

Since lenders do not ask for collateral when offering an unsecured loan, they try to collect as much data as possible about the borrower’s creditworthiness. A large number of data points are analyzed before an unsecured loan is sanctioned. Hence, borrowers need a strong credit profile in order to be able to avail a loan. Some lenders also offer unsecured loans to people with low credit scores, but the interest rate is significantly higher.

Types of unsecured loans based on term and repayment

A young population and economic mobility have increased the demand for unsecured loans. The variety of loans on offer is one of the main drivers of the demand for unsecured loans. For example, unsecured credit can be drawn on for activities ranging from education and marriage to agriculture and business.

They are divided into three major types:

Revolving Loans

It is a type of financial instrument that allows borrowers to withdraw, repay, and withdraw an amount. A revolving loan assigns a credit limit to the borrower and is free to borrow as often as necessary without exceeding the limit. It is a flexible loan that can be drawn on quickly several times during the term.

For example, ABC single takes out a revolving loan of INR 1 lakh for two years. During the two-year term of office, the amount outstanding at ABC may not exceed INR 1 lakh. ABC can withdraw the entire INR 1 lakh in one day and repay INR 50,000 in one month. She will be eligible for INR 50,000 again after the repayment.

At the end of the term, the borrower must repay the outstanding amount along with the interest. This type of unsecured loan is ideal to meet working capital needs or a temporary liquidity crisis. The borrower does not have to worry about fixed repayment plans. Revolving loans usually have floating rates.

Term loan

Revolving loans offer borrowers the flexibility of payment. Forward loans are the exact opposite. Unlike revolving loans, term loans have a fixed rate of interest and a fixed term. Individuals who need funds for property, plant and equipment or long-term investments should opt for term loans.

Consolidation Loans

The easy availability of finance can lead to an accumulation of credit. Many people choose to take a consolidation loan to repay accumulated loans. As the name suggests, a consolidation loan helps in consolidating existing loans.

Types of unsecured loans depending on utilization

The categorization of unsecured loans can be refined based on the end use.

Wedding loan

A wedding is an important milestone in most people’s lives. The marriage of a child can make up the bulk of the savings. A wedding loan is a flexible financial instrument that can be used to cover wedding-related expenses.

Vacation credit

A variety of loans are bundled as vacation loans. A permanent loan can be used to finance the entire trip. For expenses like shopping and dining, a revolving loan is better suited. A credit card can also be used for vacation expenses.

Loans for housing renovation

One can use a home renovation loan to change the appearance of their home. While a home renovation loan allows a number of purchases and conversions, you are not allowed to buy furniture and appliances.

Top-up loan

Sometimes borrowers ask for an additional amount over an existing loan. The additional amount is called a top-up loan. In a top-up loan, borrowers combine the existing loan and the additional loan into one and the borrower must pay a monthly installment instead of two separate payments.

Bridging loan

Bridging loans are designed to meet short-term fund needs. The term of bridging loans is usually less than a year.

Permanent consumer credit

In the digital world, gadgets and devices have become a necessity. A permanent consumer loan helps with the purchase of gadgets or devices. While many lenders offer a term loan for consumer durables, some also offer revolving loans, leaving the buyer with the freedom to overuse and repay the funds.

Business loan

Many lenders offer loans to finance businesses to help them invest in infrastructure or meet working capital needs. A business loan is comparable to a revolving loan, only the outstanding amount earns interest. There are several means of financing businesses, with accounts receivable financing being one of the most common.

Receivables financing

Some companies operate entirely on cash sales while others struggle with long credit cycles. If a company suddenly has to offer loans to many customers at the same time, how is that supposed to go smoothly? It will take capital to function.

One possibility is to opt for a corporate loan, but the processing of corporate loans takes time and the applicant may also have to provide collateral. Instead of obtaining a corporate loan, many companies choose to finance trade accounts receivable.

The total outstanding amount that a company is billed for products and services but has not yet received payment is known as trade receivables. When a lender uses a company’s accounts receivable to provide unsecured finance, it is known as trade receivables finance.

There are two ways of obtaining financing for trade receivables:

  • Factoring: This is a globally recognized way of financing trade accounts receivable. Companies sell their entire accounts receivable to factoring companies to raise capital. The factoring company pays the transaction in advance and receives ownership of the account of the trade accounts receivable. The risk of default is transferred to the financier with ownership of the trade receivables.
  • Invoice discounting: In contrast to factoring, ownership of the trade accounts receivable lies with the entrepreneur with invoice discounting. The financier uses the account claims as collateral to provide the company with the funds it needs. The withdrawal amount is usually lower than the outstanding amount of the account claims.
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PACE Funding Group Changes Name to Home Run Financing, Adds Unsecured Loan Products to Real Estate-Valued Clean Energy Financing Option | state

LOS GATOS, CALIFORNIA., July 6, 2021 / PRNewswire / – PACE Funding Group, LLC announced today that it has changed its name to Home Run Financing and added a new unsecured loan product called Home Run Loans. The company started in California in 2014 as a single product company: Property Assessed Clean Energy (PACE) funding for renewable energy, energy and water efficiency projects and later for storm protection and other charitable home improvements. The company launched successful PACE programs in Florida (2019) and Missouri (2020). With its new offering, Home Run Financing provides contractors with a single source of funding for their clients to get construction construction financing, opting for either unsecured loans or PACE financing when it suits better the equity in their house is tied up.

“Home Run Financing is the only home finance provider offering both PACE and unsecured loans to homeowners,” said Robert Giles, CEO of Home Run Financing. “We have learned over the years that customers like to have several financing options from a single source. We will meet this demand. “

The financing product PACE is currently available in California, Florida and Missouri and can be used for renewable energy products, products that improve energy efficiency or water efficiency, and hardening improvement related to earthquakes, forest fires and / or hurricanes, depending on state legislation. Approval for PACE is not based on the borrower’s creditworthiness as it is based on the homeowner’s equity in their home. PACE is strictly regulated to ensure a high level of consumer protection.

Home run loans will be available in these three states Kansas, and can be used for a variety of home improvement projects, including the types of projects allowed under PACE, in addition to kitchen remodeling, bathrooms, flooring, room expansions, additional housing units, pavilions, and many other projects. Home run loans offer the homeowner and contractor a quick application and approval process, no income documentation, and no lien on the property.

Home Run Financing works with a broad network of renowned, licensed contractors nationwide. Contractors can register through the program’s website to provide home run loans and / or PACE finance. Homeowners can encourage their contractors to sign up for the program.

Learn more at


Severn Williams, Public Good PR

510-336-9566, C 415-336-9623

[email protected]

View the original content to download multimedia: Financing Option 301326304.html

SOURCE Home Run Funding

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Covid loans I Special Covid personal loans offered by state banks require lower interest rates. Should You Borrow?

Special Covid personal loans offered by state banks require lower interest rates. Should you borrow? | Photo credit: PTI

The Reserve Bank of India (RBI) has enabled banks, as part of the Covid-19 relief effort, to introduce a special personal loan program with simple repayment terms. This was aimed at people facing large medical bills for treating Covid-19.

These loans have lower interest rates than other unsecured personal loans. The borrower must undertake in writing to the bank that the funds from the loan will only be used for treatment purposes. As part of the program, banks are requesting a positive Covid-19 report from borrowers who apply for credit for treatment on or after April 1, 2021. The terms of such loans vary from bank to bank.

The admission criteria of the few state banks that launched the special personal loan programs in the second wave allow only a select group of existing depositors and borrowers to use the program.

The State Bank of India (SBI) Kavach Personal Loan Program is available to workers and retirees with no processing fees, collateral, or foreclosure fees. The loan offer for those who already have an account in one of the SBI branches and need money to cover medical costs related to Covid-19 treatment of self and family members on or after April 1st. Customers can avail a minimum loan of Rs 25,000 and a maximum of Rs 5 lakh according to their eligibility. The term of the loan is 5 years, including a three-month moratorium. For the 60 month loan, the amount must be repaid in 57 EMIs, including the interest charged during the moratorium

The interest rate on Kavach personal loans is 8.5% per year. In general, unsecured personal loan rates are higher, meaning that loans offered by SBI with no collateral for a term of five years have an interest rate between 9.6% and 13.85%. Borrowers must also pay a processing fee of 1.5% of the loan amount (a minimum of Rs 1,000 and a maximum of Rs 15,000) plus goods and services tax.

All of the major government banks such as Punjab National Bank (PNB), Bank of Baroda (BOI) and Union Bank of India (UBI) have introduced similar loan products with easy repayment and lower interest rates. What they all had in common, however, was that the loan was only offered to existing customers.

Interest rates vary from 6.85% offered by Bank of India to 8.5% offered by SBI, PNB and UBI.

The PNB Sahyog RIN COVID personal loan is available to all government or private employees who have their salary account at the bank and who have had a regular income for at least the last 12 months. The loan amount will be six times the average of your salary drawn over the last six months and will be capped at Rs 3 lakh.

BOI, which only offered the Covid treatment loan to existing customers with a salary account, limits the amount to Rs 5 lakh. The maximum term of the loan is three years.

The Bank of Baroda went a step further and only offered the loan to their home borrowers who paid at least three monthly installments.

Most of these unsecured personal loans are offered at far lower rates than traditional personal loans that are otherwise offered. These aim to ease the burden of dealing with the pandemic on the common man and therefore interest rates are low.

However, experts say that despite low interest rates, only those who urgently need money should choose. In an emergency, it is best to look to the emergency fund. If there is no emergency fund, investments such as gold or stocks should be liquidated. Loans should be the last resort as it is important to be frugal and control spending during difficult times.

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Discover Personal Loans Rating 2021

Personal Finance Insider writes on products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners like American Express, but our reporting and recommendations are always independent and objective.

Discover loan amounts and interest rates

Discover personal loan amounts range from $ 2,500 to $ 35,000 and can be repaid over three to seven years, depending on the agreement with the lender.

Discover’s lowest APR of 6.99% is roughly the same as or lower than comparable lenders. Marcus’ minimum rate is also 6.99% and LendingClub’s lowest rate is 8.05%. Remember, in order to qualify for the best rates, you need good credit.

However, Discover’s peak APR of 24.99% is in the midfield when compared to similar companies. Marcus’ peak rate is 19.99% while LendingClub’s is 35.89%. Before you decide which one to take out on a loan, see what your prices are like with different companies.

This is how Discover works

Discover offers unsecured personal loans that can be used for many reasons including Debt consolidation, Home improvement, and vacation. You don’t need collateral like a house or a car to get one unsecured personal loan.

Depending on when your application is approved, your money can be in Discover the next day. You will not pay any processing fees or prepayment penalties to the company, but you may be charged a late payment fee of $ 39.

A unique feature of Discover is the 30 day money back guarantee. If within 30 days of receiving your loan you decide that you no longer want it, you can return the money by check and no interest will be charged. This benefit can be helpful if you can find a lender with a lower interest rate or if you don’t need the loan amount originally requested.

To contact customer support, call the lender Monday through Friday from 8:00 am to 11:00 pm ET or on the weekend from 9:00 am to 6:00 pm ET. If calling isn’t the best work for you, you can email Discovers Utah by email.

Discover has a well-rated app that received 4.8 out of 5 stars in the Apple Store and 4.6 out of 5 stars in the Google Play Store. This is useful when you want to manage your credit on the go.

You must meet the following requirements to apply for a personal loan with Discover:

  • Be at least 18 years old
  • Be a U.S. citizen or permanent resident
  • Have a minimum household income of at least $ 25,000

The pros and cons of Discover personal loans

How to Get a Discover Personal Loan

You can find the application online or by phone and fill it out in a few minutes. Discover does not allow co-signers. To apply for the first time, you will need basic information, including:

  • Surname
  • birth date
  • Contact information including your address, phone number, and email
  • Your personal ID number if you have received an offer in the mail
  • Household income
  • Employment history
  • Bank account number and sort code
  • Creditor information when using the debt consolidation loan

Discover may require several documents from you in order to verify your information, including:

  • A bank statement
  • Current pay slips
  • A business email address
  • Direct contact with your employer

After you have submitted an application and your loan has been approved, you can get your money as early as the next business day.

What creditworthiness do you need to qualify for a Discover loan?

Discover does not have a minimum credit rating to qualify for a loan, but makes its approval decision based on other financial factors. Other comparable lenders do not have a set minimum, such as Marcus from Goldman Sachs and LendingClub. However, a higher score is likely to get you a better price.

If you need access to your credit report, it can be obtained for free from any of the three major credit bureaus annual credit weekly through April 20, 2022. This report provides information about your payment and credit history, but not your credit history. Reviewing your credit report can help you spot mistakes and identify areas for improvement.

You can check your score on your credit card statement or online account for free. You can also buy it from a credit bureau.

Checking your rates with Discover will not negatively affect your credit score as the lender just creates a gentle loan request. However, before your loan is finalized, Discover performs one hard credit requestwhich is likely to affect your creditworthiness. A hard query gives a lender a full view of your credit history, but it can affect your credit score.

If you want to get a Discover personal loan but need to improve your credit score, here are a few steps you can take to improve your credit score:

  • Obtain and review a copy of your credit report. Check your report for errors that could affect your score. If so, ask Schufa to correct the errors.
  • Maintain low credit card balances. If you maintain a loan utilization rate – the percentage of your total loan you have used – of 30% or less, you are showing lenders that you can handle your credit responsibly.
  • Design a system for paying bills on time. Your payment history is a significant part of your credit history, and lenders want to see consistent and reliable payments in the past. Set up calendar reminders or automatic payments to make sure you don’t skip any of your commitments.

Is Discover Trustworthy?

Discover is a Better Business Bureau accredited company, and the BBB enters Discover A + in trustworthiness. The BBB assesses trustworthiness by reviewing companies’ responses to customer complaints, veracity in advertising, and openness to business practices.

However, a top BBB rating doesn’t guarantee a positive relationship with Discover, so check out the reviews online and ask friends and family about their experience with the company.

Discover has had no controversy in the past few years. You can feel comfortable choosing Discover as your personal lender because of its clean history and great BBB rating.

How does Discover compare to other personal lenders?

Discover rates are comparable to those offered by comparable lenders – although the rates depend on your particular profile. How Discover compares to the competition:

Discover the rating vs. Marcus by Goldman Sachs rating

Neither discover nor Marcus from Goldman Sachs has a minimum credit rating, but if you have a lower credit score your APR may be higher on Discover than on Marcus. The high end of Discover’s APR range is 5% higher than Marcus’. If your credit is in good shape, you will likely pay similar interest rates with both lenders.

There are no processing fees or prepayment penalties with either company, but Discover may impose a late fee of up to $ 39. If you are concerned about the possibility of missing a payment, Marcus might be a better option for you.

Marcus offers a loan period of three to six years, which is slightly shorter than Discover’s three to seven years. Discover’s seven year repayment period allows you to reduce your monthly expenses, but pay more interest over the life of the loan.

Discover the review vs. LendingClub review

Discover has a better APR range than Lending Clubbecause you get a minimum rate of over 1% and a maximum rate of over 11% lower with Discover than with LendingClub. No lender has a minimum credit requirement.

LendingClub’s repayment terms are either three or five years, while Discover’s terms are between three and seven years. If flexible repayment options are important to you, Discover might be a better choice.

A special feature of Discover is the 30-day money-back guarantee on its personal loans. If within 30 days of receiving your loan you decide that you no longer want it – you may have found a better interest rate elsewhere – you can return the money by check and no interest will be charged.

Ryan Wangman is a Review Fellow at Personal Finance Insider reporting on mortgages, refinances, bank accounts, bank reviews, and loans. In his previous personal finance writing experience, he wrote about creditworthiness, financial literacy, and home ownership.

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Oportun expands secured personal loan product to Florida

SAN CARLOS, Calif., July 13, 2021 (GLOBE NEWSWIRE) – Oportun Financial Corporation (“Oportun”), a financial services company and digital platform that provides hardworking people with responsible, affordable, and credit-building alternatives to payday and auto title loans, announced today to expand its secured personal loan product to the state of Florida.

Oportun’s secured personal loans were previously only available in the state of California. The expansion of the secured personal loan product to Florida is part of the company’s commitment to developing new financial products and services that further its mission of financial inclusion for people who have traditionally been excluded from the financial mainstream.

“Just as our traditional personal loans have served the borrowers we serve as an alternative to payday loans, this new product serves as an affordable, credit-building alternative to auto-loan,” said Matt Jenkins, chief operations officer at Oportun. “According to the FTC, auto title loans often have three-digit interest rates and are due in full within two to four weeks via a single balloon payment.”

With its secured personal loans, Oportun can serve customers who would otherwise be denied access to affordable credit. It enables customers to get a higher loan amount at a reduced interest rate compared to an unsecured personal loan. Oportun secured personal loans offer customers fixed and affordable payments; no prepayment penalties or balloon payments; and the ability to build a credit score. Oportun-backed personal loans range from $ 2,525 to $ 20,000.

For more information, please visit

About Oportun
Oportun (Nasdaq: OPRT) is a financial services company using its digital platform to provide responsible consumer credit to hardworking people. Using AI-powered models based on 15 years of proprietary customer insights and billions of unique data points, Oportun has extended more than 4 million loans and over $ 10 billion in affordable credit, offering its customers alternatives to payday and auto title loans. Recognizing its responsibly designed products that help consumers build their creditworthiness, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.

Media contact
George Gonzalez
[email protected]

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National Loans compares secured and unsecured loans

Melbourne, Australia, June 20, 2021 / PRNewswire / – What is the difference between a secured and unsecured loan, and what factors should be considered when choosing the right loan? Leading financial broker National Loans offering a range of asset finance solutions such as: Car loans with balloon payment, Caravan financing and Boat financing, explains that a secured loan is a loan that is “secured” against something like a car or a house.

Essentially, an asset or part of an asset is offered to protect the lender from the risk of loan repayment. In the event that a secured loan cannot be paid, the lender would sell the asset to cover the value of the loan.

According to National Loans, the interest rates on secured loans are generally lower compared to unsecured loans because the lender receives additional financial security. Assets that can potentially be used as collateral include cash deposits, property or interests in property, vehicles or equipment such as cars, boats, motorcycles or farm equipment, and valuable items such as art or jewelry.

National Loans, on the other hand, says that an unsecured loan does not require the borrower to provide any form of collateral to the lender. Lenders judge potential borrowers differently depending on whether they are applying for a secured or unsecured loan. With an unsecured loan, the lender places more emphasis on factors related to the borrower’s financial condition, such as income and creditworthiness. This enables them to determine the borrower’s ability to repay the money.

National Loans advises that the interest rate is generally higher because unsecured loans pose a higher risk to the lender. In the event that the borrower is unable to repay both a secured and an unsecured loan, the lender has the option of taking legal action.

According to National Loans, when deciding which type of loan is more appropriate, the borrower should consider the total cost of the loan. There are a number of factors that affect the cost, including the amount borrowed, loan term, interest rate, and fees.

National Loans can be borrowers who are looking for one Caravan loan, Boat loan, car loan, or any other type of personal or business loan. With loan terms of one to seven years and fixed interest rates, the online application process is easy.

Similar pictures

Car loans with balloon payment
Car loans with balloon payment

SOURCE National Loans

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UK lenders expect record increases in access to unsecured credit

British five pound banknotes can be seen in this illustration dated November 14, 2017. REUTERS / Benoit Tessier / illustration / file photo

LONDON, July 15 (Reuters) – UK lenders expect a record spike in the availability of unsecured credit for households over the next three months as the country’s economy recovers from its lockdown slump, a Bank of England survey found Thursday .

Lenders also expect the availability of new mortgages to increase – although demand would likely fall – while the supply of credit to businesses remained unchanged.

The numbers come from a quarterly survey of UK banks and building societies, which was carried out on Jan.

UK consumer borrowing collapsed during the lockdowns as people had fewer options to spend and vacation benefits for millions of workers who would otherwise have been unemployed.

Previously released BoE data for May showed the first net increase in consumer borrowing since August, although separate June figures released Thursday by the Bureau of National Statistics showed the first monthly decline in credit and debit card spending since January. Continue reading

The expected increase in the availability of unsecured credit to households over the next three months was the largest since the survey began in 2007.

Demand for credit card loans and other types of unsecured debt with longer interest-free periods on credit cards to attract borrowers has increased.

Unsecured loan default rates have decreased over the past three months but are likely to rise again.

Reporting by David Milliken; Adaptation by Kate Holton and William Schomberg

Our standards: The Thomson Reuters Trust Principles.

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Qantas asked for a $ 3 billion unsecured loan, Prime Minister Tony Abbott says

Prime Minister Tony Abbott has announced that Qantas has asked the government for a $ 3 billion unsecured loan, but says cabinet denied the application because the airline didn’t need it.

The government has instead offered to amend the Qantas Sale Act to lift restrictions on the airline’s foreign property.

Qantas says this is an important longer term move, but it would take too long to get through parliament.

The government says the company has also applied for a debt guarantee.

Abbott told Macquarie Radio that both options were ruled out after the government sought expert advice.

“You would never borrow $ 3 billion unsecured to anyone without careful consideration,” he added.

“The conclusion we came to based on their advice was that Qantas did not need an unsecured government facility.”

Deputy Prime Minister Warren Truss says Qantas is not at risk of failure with around $ 2 billion worth of cash available.

“We are convinced that the company is not in immediate danger of failure,” he said.

“It has billions of dollars, about $ 2 billion in cash, it has a valuable frequent flyer program, it has its brand name, its aircraft, and its assets, and so it has the ability to trade in the future, as far as anyone can tell can. “

Mr. Truss says Qantas is “a very capable company” with good management.

But the federal opposition, which is backing Qantas to provide a debt guarantee, has asked Mr. Truss to release the due diligence advice the government is relying on.

Opposition traffic spokesman Anthony Albanese says taxpayers should be allowed to see the advice.

“Why is the government not publishing today the due diligence test carried out by PricewaterhouseCoopers and commissioned by taxpayers. Why are taxpayers not seeing this document today? ”He said.

In the meantime, union leaders will be negotiating with Qantas management again this afternoon the airline’s plans to cut 5,000 jobs.

Qantas chief Alan Joyce and senior union leaders will meet in Sydney today after the two sides met for the first time last Friday, the day after the company announced its $ 2 billion cost-cutting strategy.

Australian union secretary Dave Oliver says Qantas workers are angry and unsafe and he wants clear answers about where the cuts will come from.

“We know about a few areas … but with over 2,000 jobs we’re still in the dark,” he said.

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Rwanda: I&M Bank raises limit for unsecured loans

Access to credit in Rwanda has long been characterized by strict processes and requirements that have been found frustrating for many.

As a local financial institution, I&M Bank is trying to change the trend.

The bank has revamped its Éclair loan product, where it will borrow up to 17.5 times salary with no collateral.

The bank says the move to increase unsecured loans from 12 times salary to 17.5 times is responsive to market demand and consumer needs.

Faustin Byishimo, Executive Director of I&M Bank Rwanda, said that the move will also be supported by her many years of experience and the adjustment of the regulatory framework.

The efficiency of the credit bureau, he said, has seen the availability of more reliable data that gives them confidence in their move.

“There have also been changes in the local framework that have increased our confidence. For example, the credit bureau cannot simply divert one’s salaries without due process. The data is cleaner and the reliability is much higher,” he said.

To meet market demands, Byishimo said they have noticed a surge in credit demand, especially as the middle class expands.

As the middle class expands, there is a demand for credit as this group wants to acquire assets and make investments for personal growth.

“Salaries don’t always go up, but the demand for money has grown, people might want to invest or make acquisitions and buy more things. There is a demand,” he said.

In addition to raising the credit limit, the lender has also reviewed features and requirements to facilitate access to credit.

The bank reduced the requirements from 10 documents to 3 documents and cut the approval time by 50 percent to 48 hours. This is aimed at further improving the customer experience with access to credit.

In order to guarantee the payment processing and to relieve the customers, one may not use more than 50 percent of the monthly salary to ensure that they still have an available income during the loan repayment.

In addition to employees, the product is also aimed at professionals such as lawyers, doctors and architects who are not employed but have a regular income.

In the case of mortgages, the lender has increased the duration from 20 to 25 years in order to be among those with the longest repayment period.

The extension of the repayment deadline, Byishimo said, is intended to allow more people to take out mortgages as the repayment deadline often got in the way of large numbers of potential homeowners. The development also enables more people to own their “dream home”.

By extending the term to 25 years for the repayment of the mortgage, Byishimo said it was a vote of confidence in the economy and industries involved in the process such as insurance and construction.

The bank’s confidence in extending the repayment period from 20 to 25 years is based, among other things, on the efficiency of framework conditions such as land register proceedings, foreclosure proceedings, etc.

In addition, the bank has extensive experience with mortgages, which enables them to access market demand and trends.

“We are way ahead of the market with a 20-year mortgage that has been in place since 2007, we took a risk then, we have extended it in 25 years now. We were among the first to have long-term mortgages and others are follow suit, ”he said.

The lender also has decentralized access to most of their services such as access to credit cards, overdrafts, and others.

The lender is also in the process of automating and digitizing its systems and training its employees.

The bank posted a profit of Rs 7.5 billion after tax in 2018 compared to Rs 6.5 billion in 2017.

I&M Bank, which is listed locally on the Rwanda Stock Exchange, paid its shareholders Rwf 2.99 billion as a dividend in May.

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Rwanda: BPR increases unsecured loan limit and extends mortgage repayment period

Rwanda: BPR increases unsecured loan limit and extends mortgage repayment period

Banque Populaire du Rwanda (BPR) Plc is aiming to relax its credit access conditions and has since reviewed the main credit conditions.

The bank has adjusted its unsecured loans from Rwf 6 million to Rwf 15 million. This is in response to consumer demand and market trends, according to the bank.

The bank said Rwf 6M’s previous unsecured credit limit has often limited consumers’ options in acquiring assets or using the loans.

For example, for customers taking out loans to purchase assets such as land or a vehicle, the previous amount limited options for the acquisition.

With the review of the amount, the bank has adjusted the repayment period of the unsecured loans from 4 years to 5 years in order to allow flexibility in repayment.

The bank has also increased flexibility in the amounts customers can apply for on unsecured loans. Previously, the minimum loan amount was 1 million rupees, while the maximum was 12 times net monthly salary. Under the new regime, customers can apply for unsecured loans from Rwf 300,000, with the maximum amount depending on the ability to repay.

Going forward, monthly repayments will not exceed 35 percent of the customer’s net monthly salary, but exemptions are being considered for customers with an additional source of income to increase the monthly repayment to 50 percent.

The bank has also considered potential homeowners, the lender increased the maturity from 20 to 25 years to be among the lenders with the longest repayment period.

Xavier Shema Mugisha, the bank’s chief business officer, said that by extending the mortgage repayment tenure to 25 years, the lender is trying to improve home ownership opportunities for its clients after identifying the tenure as challenging.

Mugisha said that with the majority of salaries in Rwanda between Rwf 300,000 and Rwf 800,000, shorter terms often limit potential homeowners’ chances of owning a property. With a longer term, customers have more options for properties to own as the monthly amounts paid are reduced and the options for home ownership expanded.

The adjustment also created a provision to fund up to 100 percent of the lower market value and sale price that incentivizes affordable housing and up to 80 percent for others.

Mugisha said the conditions for customers who want to own vehicles have been improved to make them more practical and convenient. The bank has checked the maximum age of the vehicle to be financed to 10 years from the date of manufacture of the last 6 years as this restricted the car owners. On average, cars imported into the country are around 7 years old.

He added that the maximum repayment period for used cars has been increased from 4 years to 5 years.

Previously, the minimum amount of the vehicle loan was Rwf 4 million with a maximum amount of Rwf 35, which has since been adjusted to a minimum amount of Rwf 2 million, while the maximum amount depends on a customer’s ability to repay.

The adjustments, which are intended to increase the number of creditworthy customers and improve loan conditions, will also lead to a reduction in the processing and disbursement time of loans. For example, mortgages are paid out within two weeks of application if all conditions are met, while personal loans are automated for disbursement in less than 4 days if all conditions are met.

Mugisha said they are confident that the relaxed conditions will in no way increase bad debts or bad loans, as measures are in place to ensure due diligence as well as improved efficiency of the credit bureaus using the quality of the data for decision making .

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$ 650 million home price agreement for two-tranche unsecured notes | Status

BLOOMFIELD HILLS, me., May 5, 2021 / PRNewswire / – Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced that its operating partnership, Agree Limited Partnership (the “Operating Partnership”), is a public offering by $ 350 million of 2,000% senior unsecured notes maturing in 2028 (the “2028 Notes”) $ 300 million of 2.600% Senior Unsecured Notes due 2033 (the “2033 Notes” and together with the 2028 Notes the “Notes”). The public offering price for the 2028 bonds was 99.265% of face value with an effective yield to maturity of 2.112%, and the public offer price for the 2033 bonds was 99.136% of face value with an effective yield to maturity of 2.684%. . The Notes are senior unsecured obligations of the Operating Partnership and are guaranteed by the Company and certain of its subsidiary guarantors. This offer is expected to be closed May 14, 2021, subject to customary closing conditions being met.

The Company expects to use the net proceeds from this offering to repay outstanding amounts under its senior unsecured revolving credit facility and unsecured term loans, including accrued and unpaid interest, and to settle certain swap agreements, including swap termination costs simultaneously with or shortly after the conclusion of this offer. The remaining net proceeds will be used for general corporate purposes including financing property purchases and development activities.

“The pricing of our dual tranche issue demonstrates our continued ability to leverage the public bond market to strengthen our balance sheet and position Agree Realty for further growth,” said Simon Leopold, CFO. “This offering, combined with the anticipated prepayment of all of our unsecured term loans, extends our weighted average loan life to approximately 9 years while lowering our effective weighted average interest rate to approximately 3.2%, excluding the unsecured revolving credit facility.”

Citigroup, Wells Fargo Securities and PNC Capital Markets LLC acted as joint book-running managers for the offering. JP Morgan, Stifel, Capital One Securities, Mizuho Securities, Truist Securities and US Bancorp acted as co-managers for the offering.

A registration statement relating to the securities has been filed with the US Securities and Exchange Commission (the “SEC”) and is automatically effective upon filing with the SEC under the Securities Act of 1933, as amended. Before investing, you should read the prospectus in this registration statement and other documents that the issuer has filed with the SEC for more complete information about the issuer and this offering. You can obtain these documents free of charge by visiting EDGAR on the SEC website at, or contact: Citigroup Global Markets Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, 800-831-9146 or email: [email protected]; or Wells Fargo Securities, LLC, Attention: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, at 800-645-3751 or email: [email protected].

The offer of the securities was made exclusively by means of a prospectus supplement and accompanying prospectus, which are deposited with the SEC. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will any sale of such securities be made in any state or jurisdiction in which such offer, solicitation or sale is unlawful prior to registration or qualification would be such a jurisdiction under securities laws.

About Agree Realty Corporation

Agree Realty Corporation is a publicly traded real estate investment trust that RETHINK SALE by acquiring and developing properties that have been let on a net basis to industry-leading omnichannel retail tenants. From March 31, 2021, owned and operated a portfolio of 1,213 properties in 46 states with gross lettable space of approximately 24.2 million square feet. The company’s common stock is listed on the New York Stock Exchange under the symbol “ADC”.

This press release contains forward-looking statements within the meaning of federal securities laws, including statements about the terms and scope of the offering and the intended use of the proceeds from the offering, that reflect the company’s expectations and projections for the future. There can be no assurance that the offer described above will be concluded on the terms described or at all or that the net proceeds of the offer will be used as stated. While these forward-looking statements are based on good faith, reasonable assumption, and the company’s best judgment based on current information, you should not rely on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors that may in some cases arise over which we have no control and which could materially affect the company’s results of operations, financial position, cash flows, performance or future performance or events. However, one of the most important factors right now is the potential negative impact of the current novel coronavirus or COVID-19 pandemic on the financial condition, operating results, cash flows and performance of the company and its tenants. the real estate market as well as the global economy and financial markets. The extent of the impact of COVID-19 on the company and its tenants will depend on future developments that are highly uncertain and cannot be predicted with confidence, including the size, severity and duration of the pandemic, the measures taken to contain the Pandemic or to mitigate its effects, as well as the direct and indirect economic effects of the pandemic and containment measures, among others. In addition, investors are cautioned to interpret many of the risks identified in the Risk Factors discussed in the Company’s Annual Report on Form 10-K for the past year December 31, 2020 and other SEC filings as well as the risks listed below have increased as a result of the persistent and numerous negative effects of COVID-19. Other important factors that could cause actual results for the company to differ, among other things, are the general deterioration in national economic conditions, the slowdown in real estate markets, the decrease in credit availability, the rise in interest rates, negative changes in retail trade, persistent ability the company’s qualification as a REIT; and other factors discussed in the company’s SEC filings. Unless required by law, the company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future.

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SOURCE agree to Realty Corporation

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Richard Cordray is Biden’s choice to oversee government student loans

COLUMBUS, Ohio – President Joe Biden’s administration has chosen Richard Cordray to oversee government student loans.

Cordray, who previously headed the Consumer Financial Protection Bureau, will serve as the chief operating officer of Federal Student Aid in a key administrative role a portfolio of $ 1.5 trillion as progressives Urge Biden to cancel student loan debt.

Massachusetts Senator Elizabeth Warren, an ally of Cordray, praised the pickaxe. say on twitter: “I am very pleased that he is protecting student borrowers and bringing much-needed accountability to the federal student loan program.”

More: Will Biden cancel the student loan debt? As the cost of college increases, he is considering the following

Democratic gubernatorial candidate Richard Cordray speaks during a debate at Cleveland State University, Monday, October 8, 2018, in Cleveland.

United States Secretary of Education Miguel Cardona said Cordray has a strong track record as an official: “I am confident that Federal Student Aid, under his leadership, will provide the service our students, families and schools deserve.”

Cordray is known in Ohio as the attorney general and treasurer of the state. In 2018, he ran against then Ohio Attorney General Mike DeWine. ultimately losing the governor’s race.

More: The student debt crisis is crushing black Americans. Here’s how lending could help

Cordray recently published a book about his time at the CFPB, entitled “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy”.

Biden’s Student Loan Debt Plan

Although Biden was reluctant to bypass Congress in canceling student loan debt, he has said since the days of his campaign that the government must help those with “debilitating” student debt.

“I understand the effects of debt,” he said in a CNN city hall in February.

Under Biden, the Department of Education canceled student debt for borrowers with disabilities. And the federal government suspended payments for federal student loans until September 30th during the COVID-19 economic crisis.

Economists, social justice activists and democratic leaders in Congress are pushing Biden to do so Forgive the federal student loan debt have argued that this would help address centuries of racist economic policies, including employment and housing discrimination, which continue to make it difficult for black Americans to achieve the same degree of wealth as white Americans.

While approximately 44 million Americans owe a total of $ 1.7 trillion in student debt, black Americans have, on average, nearly twice as much debt as white Americans and more than Asians and Latinos. Black borrowers who earn less are also less likely to pay back their debts and are most likely to be in arrears with their payments, according to the Federal Reserve.

Biden officials have also supported cancellation of up to $ 10,000 in federal student loan debt per person, which is below the $ 50,000 that progressive lawmakers have requested.

Contributors: Cristina Silva, Jeanine Santucci

This article originally appeared on the Cincinnati Enquirer: Richard Cordray was selected to oversee the federal student loan program

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10 Benefits of Instant Loans You Probably Didn’t Know

What to do if your car breaks down on the way and you don’t have enough money with you?

Not only that, there are other inconveniences in our lives that can happen at any time. In this situation, you need immediate financial help to deal with the situation, right?

An instant loan can be a great solution to these types of problems in your life. Also, you don’t need to view your credit card history. Not only that, the process is faster and you can get the money you ask for in a day or immediately.

If you don’t know more about instant loans, Learn more about instant loans on You have described everything about instant loans in detail so that you have no questions.

However, in this article, I’m going to share 10 instant loan benefits that you probably weren’t aware of. And I hope and believe that the article will help you a lot with regards to instant loans.

Although there are more advantages of instant loans, I am going to describe 10 advantages here among others as these are the most important among others.

# 1 Takes up less time

You know very well that your needs won’t wait for time. You need money now to solve your immediate problem. What if you get your desired money two days later? It will be worthless, won’t it? In these circumstances, an instant cash loan should change the rules of the game.

There is no need to go to a bank to apply for an instant loan, which is very convenient for everyone. If you have an internet connection with an electronic device, you can do it very quickly. All you have to do is fill out an online form and the lender can request additional information about you.

# 2 Not required credit history

When it comes to approaching an instant loan, there is no need to worry about your loan history. When you go to a bank for a loan, they’ll review your credit history. Hence, you may or may not be able to get a loan from a specific bank.

Instant loans, on the other hand, are not about your creditworthiness. We will check whether you can repay the loan now. When you have the potential to repay the loan from your next payday’s salary, you’re good to go.

# 3 No paperwork required

If you want to take out a personal loan from your bank, you will need to provide all the documentation to the lender. After checking your paper and if everything is in order, you can get the loan approval. Otherwise you have to suffer a lot.

Conversely, you do not have to submit any paper for your instant loan. The lenders can ask you for more information if they need it. Therefore, you are eligible for the loan and you will have the money in your online wallet within 24 hours or less.

# 4 Flexible loan amounts

In most cases, you can apply for a loan and choose the amount. It can be smaller or larger depending on your needs. The lender will check all the information you have provided. Then the lender will approve the amount for you based on your requirements or the type of work you want to do.

# 5 Less interest rate

If you have experience of obtaining a personal loan from your bank, you will know better the interest rate there. Compared to your bank, it is always beneficial that the interest rate is lower. In fact, it depends on the duration and the amount you take from the lender.

If you can repay the loan after receiving your next payday payment, you will have to pay less interest. But the rate can get high if you can’t pay the loan money soon. Otherwise, your credit rating plays a major role and you have to pay less interest.

# 6 No collateral

When applying for an instant loan, there is no need to provide any collateral or collateral. This is because it is an unsecured personal loan that does not require collateral. On the other hand, when you get a personal loan from your commercial bank, you need to provide collateral.

# 7 Flexible loan terms

Depending on your skills, you can choose the repayment term. It can be a longer or shorter period of time. If you are eligible for an instant cash advance, your lender offers you a long repayment period for your convenience. If you are unable to repay all of the money on your next payday, you need to contact the lender so they can extend your repayment term.

# 8 24/7 availability

Your emergency doesn’t tell you, does it? It can appear in front of you anytime, anywhere. In this case, you cannot borrow from your commercial banks as these banks are not always open. On the contrary, an instant loan can be granted at any time as it is open around the clock. Hence, it should be a standout feature of an online instant loan.

# 9 Quick payout

If you fall into an emergency, you need money right away. This is one of the most convenient features of an instant loan as you get paid out right after your approval. So the sooner you can provide the lender with all the necessary information, the faster you will receive the money in your personal savings account.

# 10 Fast turnaround

The entire process can take 20 to 25 minutes or less. Once all the required information has been submitted, the approval process takes 2 to 3 hours. If you fill out the form and submit everything the lender needs, in most cases the lender will credit your savings account the same day or the next day.

Last thought

Whether you’re in an emergency or need instant cash for your online wallet, an instant loan should be your lifesaver. It goes through fewer processes and requires less information to be approved for an instant cash advance. The interest rate is also not as high as you see it at your commercial bank.

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How To Use Secured Loans To Boost Your Business

New startups and small businesses can find it difficult to raise or lower the capital they need to grow[1] start their business. One option available to small business owners is secured loans, where the borrower’s personal residence is used as collateral. This can take the form of a mortgage refinancing, a home equity line of credit (HELOC), or a home equity loan as a second mortgage.

A secured loan is easier to approve compared to normal small loans. You may not have to provide your cash flow projections or business plan when you apply and get a lower interest rate as a secured loan. However, using your home as collateral for a loan can expose you to additional risk. If your small business fails and you are unable to keep up with your payments, you could lose your home.

Secured loans are a great way to boost your business

How do small business owners get funding?

In 2011, Innovation, Science and Economic Development Canada (formerly Industry Canada) found that 79.5% of Canadian small and medium-sized businesses have used the owner’s personal savings as seed capital, while 54% use the owner’s personal savings for day-to-day operations. 39.7% of small and medium-sized enterprises have also used their private assets as security for financing.

While most small businesses use business assets such as equipment, property, inventory, or accounts receivable as collateral, using the owner’s personal assets as collateral is becoming increasingly attractive. This is particularly true of the Canadian housing market, where home prices have increased significantly over the past year. As the property value rises, so does the value of your collateral. This gives small business owners access to a larger secured loan.

Types of secured loans

Home Equity Line (HELOC)

With real estate values ​​skyrocketing across the country, many homeowners now find themselves in their homes with a large amount of equity. Home equity is the difference between the value of the home and the mortgage and other debts on the home. A home equity line of credit gets your home equity started and allows homeowners to free up their equity without having to sell their home.

A home equity line of credit works like a credit card but is secured against the value of your home. This makes a HELOC a great way to top up your cash reserves or fund the day-to-day running of your business. You only pay the amount you actually use and you can borrow freely at any time and repay on your credit line.

A HELOC is easy to approve compared to an unsecured loan, and HELOC rates are also quite low. The flexibility of a HELOC also allows it to be used for both day-to-day expenses and working capital, but it can also be used for investments if your credit line allows. One disadvantage of HELOCs is that they have floating rates, which means that the cash flow of your repayments is subject to some uncertainty as interest rates rise.

Home loan

A home equity second mortgage loan is similar to a HELOC, but the main difference is that it is a one-time, all-inclusive, fixed rate loan. This makes it ideal for large capital purchases as it allows you to set an interest rate.

Since a home equity loan is a personal loan, it is separated from the business. You don’t have to worry about not qualifying for a home loan due to the strength of your business, but you still need to have sufficient home equity to qualify.

Mortgage refinancing

With a Mortgage refinancing, you can increase the amount of your mortgage to borrow the difference in cash. This money can be used on your business expenses to pay off business debts and invest in your business. Refinancing your mortgage will free up equity in your home, just like a home equity loan or HELOC, but it will come off your primary mortgage. This means you can borrow a large lump sum at a low interest rate, most of which are lower than the HELOC and home equity loan rates.

Is using my home as security right for me?

HELOCs, mortgage refinancing, and home equity loans are easier to qualify, they can offer lower interest rates, and can be more flexible compared to corporate loans. You can use the money borrowed from these loans for anything, not just your business. By comparison, business loans can have terms on what you can spend or use them on.

However, putting your home up as collateral can be risky. If your business fails, you run the risk of losing not only your business but your home as well. Corporate loans will look at your company’s sales history to see if you can afford a loan. The strict credit guidelines for corporate loans help business owners afford their credit. Using your personal home to earn a HELOC can bypass that exam, but it also means you may overestimate yourself.

Even your home can only be put up to a limited extent. Larger businesses may need funding that requires security where a private home may not be enough.

Using your home equity to fund your business is more suitable for small businesses that don’t have strong creditworthiness or have been out of business for several years. This is especially true for startups, where most startups rely on the owner’s personal savings and loans as banks are reluctant to lend to untried companies.

Canada has secured business equity loans that use your business assets as collateral, but this would not be an option for new businesses just starting out. Turning your home into work can give new business owners access to finance they wouldn’t otherwise be eligible for.

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Sonia Zarbatany

Bring your life and business into focus with life coach Sonia Zarbatany

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Marcus by Goldman Sachs Personal Loans Review 2021

Personal Finance Insider writes on products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners like American Express, but our reporting and recommendations are always independent and objective.

Should you use Marcus from Goldman Sachs?

Loan amounts and interest rates from Marcus by Goldman Sachs

Marcus personal loan amounts range from $ 3,500 to $ 40,000 and can be repaid over three to six years, depending on the agreement you make with the lender.

Marcus’ lowest APR of 6.99% is slightly higher than comparable lenders. With SoFi, you can get a rate of just 6.11% and LightStream has an APR of 2.49%. You should note that your credit must be in good shape in order to qualify for the best rates with these lenders.

On the plus side, Marcus has roughly the same maximum APR as similar companies. Marcus’ peak rate is 19.99%, just like Lightstream’s, and SoFi’s is a bit lower at 18.85%. Shop at different companies to see which ones offer you the best deals.

This is how Marcus from Goldman Sachs works

Marcus offers unsecured personal loans through Goldman Sachs Bank USA (FDIC member). Collateral like a home or a car are not required to have one unsecured personal loan. You can take out a personal loan for a variety of purposes including Debt consolidation, Home improvement, and vacation.

Depending on when your application is approved, it will take anywhere from one to four working days for the funds to be in your account from Marcus. You don’t pay any fees with the company.

A unique feature of Marcus is that the company offers a “On-Time Payment Reward”. You can skip a month of payments if you pay your loan on time and in full for a year and do not accumulate interest during that time. Your loan will then be extended for a month. This payment break could help you spend a month on other financial goals, such as: Emergency fund, Retirement or higher interest debt.

To contact customer support, call the lender Monday through Friday from 8:00 am to 10:00 pm ET or on the weekend from 9:00 am to 7:00 pm ET. If the call doesn’t work for you, you can also send correspondence to Marcus’s Utah address.

Marcus also has a sleek mobile app on the Google Play and Apple stores that allows you to manage your credit on the go.

You must meet the following requirements in order to apply for a personal loan from Marcus:

  • Be at least 18 years old (19 in Alabama, 21 in Mississippi and Puerto Rico)
  • Have a valid US bank account
  • Have a valid social security or individual tax number

How to Obtain a Marcus by Goldman Sachs Personal Loan

The application is available online or by phone and can be completed in a few minutes. Marcus does not allow you to apply together. To apply for the first time, you will need basic information, including:

  • Surname
  • Date of birth
  • Contact information including your address, phone number, and email
  • Total annual income
  • Monthly housing expenses
  • Source of income
  • Employment status
  • Social security number

Marcus may ask for several documents to verify your information, including:

  • A bank statement
  • Current pay slips
  • Direct contact with your employer

After you have submitted an application and your loan has been approved, you will likely receive your money within one to four business days.

What creditworthiness do you need to qualify for a Marcus by Goldman Sachs loan?

Marcus doesn’t provide a minimum APR to be eligible for a loan, but you will likely need a score of 670 or higher to qualify for good interest rates. This suggested score is comparable to similar personal lenders. For example, the minimum of SoFi is 680 and the lowest score that Lightstream will accept is 660.

You can find your credit report for free at annual credit from one of the three major credit bureaus weekly through April 20, 2022. While this report won’t give you a credit rating, it does give you information about your credit and payment history that lenders use to decide whether to give you a loan. Reviewing your credit report can help you know what needs improvement.

You can find your score for free on your credit card statement or online account. You can also pay for it from a credit bureau.

Your creditworthiness will not be affected when you check your rates with Marcus as the lender just runs a gentle loan request. Just remember that before taking out your loan, Marcus has a hard credit requestwhich is likely to affect your creditworthiness. A hard query gives a lender a complete look at your credit history, but it can negatively affect your credit score.

If you’re interested in getting a Marcus personal loan but need to improve your credit score, here are a few tips that can help you improve your score:

  • Obtain and review a copy of your credit report. Check your report for errors that could lower your score. In this case, ask Schufa about how to fix the error.
  • Keep credit card balances low. If you maintain a loan utilization rate – the percentage of your total loan you have used – of 30% or less, you are proving to lenders that you can responsibly manage your credit.
  • Create a system for paying bills on time. Your payment history is an essential part of your credit history, and lenders want to see consistent and reliable payments in the past. Make calendar reminders or automatic payments to make sure you don’t forget any of your commitments.

Is Marcus Trusted by Goldman Sachs?

Marcus is a Better Business Bureau accredited company, and the BBB gives Marcus one A + in trustworthiness. The BBB measures trustworthiness by reviewing business responses to consumer complaints, honesty in advertising, and transparency about business practices.

A good BBB rating doesn’t necessarily mean you have a positive relationship with Marcus, however, so ask friends and family about their experience with the company and check out customer reviews online.

Marcus has no current controversy. You might feel comfortable choosing Marcus as your personal lender because of his glamorous history and world-class BBB rating.

How does Goldman Sachs’ Marcus compare to other personal lenders?

Marcus interest rates are similar to those offered by comparable lenders – although the interest rates will depend on your particular profile. This is how Marcus compares to the competition:

Marcus von Goldman Sachs Review vs. SoFi Review

Marcus doesn’t have minimum credit requirements, but generally you need a credit score of 670 or higher to qualify for a good rate.

You need a higher minimum credit rating in order to qualify for a personal loan with SoFi, and the company’s APR range is what Marcus needs. If you have great credit, SoFi can qualify you for a slightly lower APR than Marcus, but the difference is small.

You don’t pay any fees, prepayment penalties, or late payment fees with any of the lenders, both of which make great options for avoiding additional costs on your loan.

Marcus’ three to six year repayment term is slightly shorter than SoFi’s two to seven year loan term. If you want to spread your payments out over a longer period of time, SoFi may be a better option for you.

Marcus from Goldman Sachs versus Lightstream

Light streams The minimum APR of 2.49% is significantly lower than Marcus’ minimum APR of 6.99%, even though you will only qualify for the best rate from Lightstream with great credit. Additionally, you can withdraw up to $ 100,000 from Lightstream, while you can only withdraw a maximum of $ 40,000 from Marcus. None of the companies charge origination fees or prepayment penalties.

While it would be easiest to compare deals to see which plan is better for you, Lightstream doesn’t offer pre-approval and requires you to submit an application and agree to a hard borrowing agreement to get your plans. Marcus offers pre-approval online.

A distinctive feature of Marcus Personal Loans is the company’s “On-Time Payment Bonus”. If you pay your loan on time and in full for a year, you can skip a month of payments and no interest will accrue during that time. Your loan will then be extended for a month. You may prefer Marcus if you want to take advantage of this.

Ryan Wangman is a Review Fellow at Personal Finance Insider reporting on mortgages, refinances, bank accounts, bank reviews, and loans. In his previous personal finance writing experience, he wrote about creditworthiness, financial literacy, and home ownership.

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Modifying or extending an unsecured debt or a revolving line of credit. Shares in focus Sunstone Hotel Investors Inc (NYSE: SHO) and Retail Properties of America Inc (NYSE: RPAI)

Sunstone Hotel Investors Inc (NYSE: SHO) is a major player in the hospitality industry and has successfully amended its agreement to increase the credit limit and use the proceeds for acquisitions. On the other hand, Retail Properties of America Inc (NYSE: RPAI) has changed its unsecured revolving line of credit.

Removed period for agreement waiver: Sunstone announced that its investor has successfully amended its agreement governing the company’s position on unsecured debt, including Sunstone’s $ 500 million revolving credit facility, $ 205 million and $ 185 million of outstanding senior private placement bonds Includes US dollars in funded term loans. Under the amended agreement, specific restrictions that limit the Company’s ability to acquire unencumbered hotels may be put in place during the covenant period.

Additionally, the agreement also states that no covenant restrictions will limit the non-equity acquisition to $ 250 million on the higher side. In addition, the agreement also provides that Sunstone’s revolving credit facility and funded term loans require a mandatory prepayment out of the proceeds from the sale of assets. This means that the covenant will no longer apply until March 31, 2022 and will remove the restrictions on maintaining a minimum liquidity position.

Money raised to maintain the covenant: Retail Properties of America Inc (NYSE: RPAI) recently completed the change and extended its $ 850 million unsecured revolving credit line. This means the company’s borrowing capacity is now $ 850 million. Additionally, the change will help the company increase its liquidity position by increasing its borrowing capacity by $ 750 million to $ 1.6 billion. It will help the company meet certain covenants and a 6.5% capitalization rate. It also extends the maturity from April 20, 2022 to January 8, 2026. In addition, it improves the rating-based ratings by 10-15 basis points compared to the investment-grade ratings and maintains the current lever-based grid pricing. All of this is done to maintain or improve the sustainability metric based on greenhouse gas emission standards.

Disclaimer: Our content is provided for informational purposes only. It is very important that you do your own analysis before making any investment based on your personal circumstances. We encourage you to consult a licensed financial advisor or do your own research before making any investment decisions. is not a broker / dealer, we are not an investment advisor, we do not have access to non-public information about publicly traded companies, and this is not a place to give or receive financial advice, advice on investment decisions, or any tax or legal advice. is not responsible for your use of the website. The website is provided “as is” and “as available” without any representations, warranties or conditions of any kind.’s principals may hold positions in the securities listed on the website and we reserve the right to sell these at any time without notice. There are risks associated with investing in the stock market, including losing your investment. Past performance in the market is not a guide to future results. Any investment is at your own risk.

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Banks are moving slowly on unsecured personal loans as restrictions increase

Indian lenders have once again become wary of unsecured personal loans in the face of a deadly pandemic resurgence and localized lockdowns that have made collections a challenge.

Unsecured loans are riskier, but they generate higher interest rates for banks. However, because this portfolio is typically the first to be hit by third-party stress, lenders want to take it slow.

For example, Kotak Mahindra Bank reduced the relative size of its unsecured book portfolio in FY21 from 7.5% in the previous year to 5.8% of its loan portfolio. While the private lender saw subdued credit growth of 1.8%, unsecured credit segments such as personal, corporate and consumer spending declined (on an aggregated basis) by 28%. The bank’s credit card assets also shrank by 16% in FY21.

The bank is much lighter and allows it to take risks when the time is right, said Uday Kotak, CEO of Kotak Mahindra Bank.

“We will definitely step on the gas and do the credit underwriting, considering that we will face an enormous debt collection challenge for the entire financial sector. So it’s not a bad place to be light at this time, “he said.

The debt collection challenge, to which Kotak, also the bank’s promoter, alludes, will manifest itself from May, according to bankers, as executives cannot reach borrowers due to the pandemic.

The loss of income is also expected to affect borrowers’ ability to repay as the second wave of Covid-19 hits India at a breathtaking pace.

Meanwhile, Axis Bank also expects collections to slow down in the coming weeks as infections continue to rise and affect the movement of local executives, its chairman Amitabh Chaudhry said on Jan.

Private banks have a higher proportion of unsecured loans on their books compared to their government competitors. Unsecured loans make up 15.6% of the total loan book of private banks, while it’s capped at 6.3% for their state-owned competitors, data from Indian Ratings and Research showed.

Without India’s largest lender, the State Bank of India (SBI), the share of unsecured lending to public sector banks is even lower at 4.9%.

According to a March 16 report by India Ratings and Research, unsecured asset classes such as microfinance loans, unsecured corporate loans and consumer loans are deteriorating given the depleted financial cushions of borrowers and the nature of those loans, according to a March 16 report.

Certainly the only segment where banks are currently lending and extremely optimistic is home loans. Protected by collateral, such mortgages are one of the safest retail assets to buy, and lenders stumble upon each other for cheap home loans. However, all banks remain reluctant to take unsecured loans.

At IndusInd Bank, too, caution applies to unsecured loans. “We have always said that our unsecured portfolio is less than 5% of our total loan book, and that is the stated intent. We feel that the unsecured portfolio will take time to build and that you will need internal clients before you start scaling this portfolio, “said CEO Sumant Kathpalia.

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9 Low Income Personal Loans For 2021

Our goal here at Credible Operations, Inc., NMLS Number 1681276, hereinafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote products from our partner lenders who reward us for our services, all opinions are our own.

Even though low income can limit your loan options, there are still several lenders who offer low income loans. (iStock)

Many personal loan lenders require borrowers to earn a minimum income in order to be eligible for loan – which generally means if you are not making a lot of money, you will have fewer loan options.

Although there is no official definition of what low income means, it is usually taken to mean any amount below the median household income. In 2020, the median household income in the United States was $ 78,500 US Department of Housing and Urban Development.

When you’re on a low income, borrowing can be more difficult – but it’s not impossible. What You Should Know About Low Income Loans.

9 Lenders That Offer Loans To People On Low Income

Here are Credible’s affiliate lenders that are offering personal loans to borrowers who earn $ 40,000 or less per year. Remember, some of these lenders have no minimum wages at all. Also note that you will likely need to meet other lender requirements such as: B. a good credit rating.

You can compare your prequalified tariffs from these and other lenders for low income loans through Credible.


  • Conditions: 2 to 5 years
  • Loan Amounts: $ 2,000 to $ 35,000
  • Minimum creditworthiness: 580
  • Minimum income: $ 24,000
  • Issuing fee: Up to 4.75%
  • Enables co-signers: No

Best egg

  • Conditions: 3 or 5 years
  • Loan Amounts: $ 5,000 to $ 50,000
  • Minimum creditworthiness: 600
  • Minimum income: None
  • Issuing fee: 0.99% to 6.99%
  • Enables co-signers: No


  • Conditions: 3 to 7 years
  • Loan Amounts: $ 2,500 to $ 35,000
  • Minimum creditworthiness: 660
  • Minimum income: $ 25,000
  • Issuing fee: None
  • Enables co-signers: No


  • Conditions: 2 to 5 years
  • Loan Amounts: $ 7,500 to $ 40,000
  • Minimum creditworthiness: Does not disclose
  • Minimum income: None
  • Issuing fee: 1.99% to 4.99%
  • Enables co-signers: Yes

Lending Club

  • Conditions: 3 or 5 years
  • Loan Amounts: $ 1,000 to $ 40,000
  • Minimum creditworthiness: 600
  • Minimum income: None
  • Issuing fee: 1% to 6%
  • Enables co-signers: Yes


  • Conditions: 2 to 5 years
  • Loan Amounts: $ 2,000 to $ 25,000
  • Minimum creditworthiness: 580
  • Minimum income: $ 20,000
  • Issuing fee: 0% to 6%
  • Enables co-signers: No

Pay off

  • Conditions: 2 to 5 years
  • Loan Amounts: $ 5,000 to $ 40,000
  • Minimum creditworthiness: 640
  • Minimum income: None
  • Issuing fee: 0% to 5%
  • Enables co-signers: No


  • Conditions: 3 or 5 years
  • Loan Amounts: $ 2,000 to $ 40,000
  • Minimum. Credit-worthiness: 640
  • Minimum. Income: None
  • Issuing fee: 2.4% to 5%
  • Enables co-signers: No


  • Conditions: 3 to 5 years
  • Loan Amounts: $ 1,000 to $ 50,000
  • Minimum. Credit-worthiness: 580
  • Minimum. Income: $ 12,000
  • Issuing fee: 0% to 8%
  • Enables co-signers: No

Consider using a co-signer to qualify for better rates

If you’re struggling to qualify for a personal loan, you should apply to a co-signer. Not all lenders allow co-signers for personal loans, but some do. This could improve your chances of getting admission if you don’t make or have enough money bad credit.

Even if you don’t need a co-signer to qualify, you can get with a lower rate than you would alone. Just remember, you cannot get a personal loan with a signer through Credible.

What is the minimum income for a personal loan?

Everyone Personal lender has its own criteria to determine your eligibility as a borrower. While some lenders share the minimum wage you need to qualify, others don’t share this information. Also, keep in mind that some lenders have no minimum income at all.

However, income isn’t the only factor that could affect your credit score. Lenders also typically consider the following:

  • Loan History and Score
  • Debt-Income Ratio

When you qualify with a lender, make sure your loan payments comfortably fit your budget before taking the loan. Missing payments can cause massive damage to your credit and affect your ability to access more credit in the future. So make sure you only borrow what you can afford to pay back. With credibles. you can estimate how much you will be paying for a loan Personal loan calculator.

How to get a low income loan

When you are ready to apply for a loan, follow these four steps:

  1. Compare Lenders. Look around and compare as many lenders as possible to find a loan that suits your loan needs as well as your budget. In addition to the interest rates, consider the repayment terms, any fees charged by the lender and the eligibility requirements (e.g. minimum income).
  2. Choose your loan option. After you have compared the lenders, choose the loan option that works best for you.
  3. Please, fill in the application! After you’ve chosen a lender, you’ll need to fill out a full application and submit any required documents, such as pay slips or tax returns.
  4. Get your money. If you are approved, the lender will let you sign for the loan so that you can receive your money. The time it takes to fund a personal loan is typically around a week – although some lenders will fund loans the same or the next business day after approval, this can be helpful when you need a loan Emergency loan.

Remember, you may find it easier to qualify for a payday loan (also known as a.) Cash advance loanIf you have a low income, these types of loans often have astronomical rates of interest and fees. In general, a personal loan is a much cheaper option compared to one Payday loan – which means you have more money in your pocket.

When deciding on a personal loan, remember to consider as many lenders as possible in order to find the loan that is right for you. Credible makes it easy for you – you can compare your pre-qualified rates from multiple lenders in two minutes.

Can I get a loan if I am unemployed or self-employed?

Qualifying for a loan without a regular source of income can be difficult. However, if you are unemployed or self-employed, you may still be able to qualify for a loan as long as you meet the other requirements set by the lender.

For example, unemployed borrowers might be eligible for one Discover Loan if their household income meets the Discover minimum requirement of $ 25,000 per year. And with upstart, You can use many different types of income to potentially qualify for a loan, such as: B. Disability pension, maintenance, child benefit, 1099 contract work or self-employment.

Another option is to take one out secured personal loan. This type of loan uses a security deposit as security, which reduces the risk for the lender. As long as you have the cash to deposit, qualifying is likely to be easier than getting approved for an unsecured loan.

You can compare your prequalified tariffs from multiple lenders for low income loans through Credible.

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What is an Unsecured Loan?

Unsecured loans are loans that are not covered by an asset such as a car or a house. they include Student Loans, personal loans and revolving loans like Credit cards. Find out more about unsecured loans and how they work.

What is an Unsecured Loan?

Unsecured loans are loans that do not require collateral. They are also known as signature loans because one signature is enough if you meet the lender’s credit requirements. Because lenders run a higher risk when loans are not backed by collateral, they can charge higher interest rates and require good or excellent credit.

If a borrower stops making payments and defaults on the unsecured loan, the lender cannot take collateral to collect the outstanding debt.

For example, let’s say a borrower becomes unemployed and unable to repay their unsecured personal loan and credit card debt. If the credit accounts default, the borrower’s creditworthiness will be affected. In this situation, lenders may choose to bear the financial loss. They can also pursue the repayment of the debt through a court ruling, but they cannot seize a debtor’s assets without going through the judicial process.

Benefits of Unsecured Loans

  • No collateral required.
  • Quick access to funds.
  • No risk of losing assets.
  • Less borrowing restrictions.
  • Competitive rates for those with strong credit.

Disadvantages of Unsecured Loans

  • Risk of loss of assets.
  • There may be lower credit limits for those with low credit scores.
  • Might have higher interest rates for those with low credit ratings.
  • Harder to get approved.

Get pre-qualified

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy and doesn’t affect your credit score.

Unsecured Loans vs. Secured Loans

Secured loans differ from unsecured loans in that secured loans always require collateral. If a borrower is unwilling to provide an asset as insurance, the lender will not approve a secured loan.

This type of loan is available for a variety of financing options, including mortgages, auto loans, home equity lines, and some types of personal loans. Borrowers are unlikely to come across unsecured mortgages or auto loans as the home or vehicle is always used as collateral for these types of loans.

Approval for a secured loan can be easier than an unsecured loan because secured loans pose less financial risk to lenders. Since they require collateral, they usually have more competitive interest rates than unsecured loans.

How do unsecured loans work?

Unsecured loans can be either unsecured Installment Loanssuch as unsecured personal loans or unsecured revolving lines of credit, such as unsecured credit cards. When you apply, the lender will check your creditworthiness and consider factors such as income, savings, and debt to determine if you are eligible.

Although unsecured loans and lines of credit are only guaranteed by your promise to pay, the lender still has recourse if you fail to make payments. The lender can transfer your account to a debt collection company, take you to court for seizure of your wages, and report your late payment to the credit bureaus. These actions will cause your credit score to drop

Who should take out an unsecured loan?

Whether an unsecured loan is the right option depends on the borrower’s financial situation and the purpose of the funds. Borrowers who need money but are uncomfortable about pledging collateral to secure a loan may consider unsecured loan if:

  • Schedule a big purchase. Taking on debt can be a drain on your finances, but when you need cash for a large upcoming issue, an unsecured loan can help.
  • You have good credit. A high credit rating enables cheaper unsecured loan terms and interest rates.
  • You have a reliable income. Although collateral is not required for an unsecured loan, you will need a steady income to repay the debt and avoid loan default. Unpaid secured loans can negatively affect your credit score.
  • Consolidate Debt. Unsecured loans are useful as well Debt consolidation Tools that can make debt repayment easier. This strategy can also help borrowers save money if they qualify for lower interest rates.

Requirements for an Unsecured Loan

To limit their risk, lenders want to be reasonably sure that you can pay back the loan. Lenders measure this risk by reviewing a few factors. As such, when you apply for an unsecured loan, they may ask for the following information (and adjust the loan terms based on your answers):

Your credit

Lender Check your credit reports to see how you’ve managed loans and credit cards in the past. In general, they are looking for a history of responsible credit use (usually one or more years), timely payments, low credit card balances and a Mix of account types. They will check yours too Credit scorescalculated based on the information in your credit reports. Consumers with a credit score of around 700 or higher usually qualify for the best interest rates.

Your income

Knowing that you have the funds to meet your financial obligations, including loan payments, reduces the lender’s risk. The lender may request proof of stable, adequate income, such as a recent pay slip.

Your debt-to-income ratio

To calculate yours Debt-Income Ratio (DTI), add up all of your monthly debt payments and divide this total by your gross monthly income. For example, if you have $ 500 worth of monthly debt payments and gross income of $ 2,000, your DTI is $ 500 / $ 2,000 = 0.25, or 25 percent.

Lenders use this number to measure your ability to repay a loan. The lower the ratio, the better. Each lender has different requirements for your DTI, but the maximum is usually no more than 43 percent.

financial assets

Although collateral is not required for unsecured loans, the lender may want to know that you have savings. They know that you are less likely to miss out on loan payments when you are ready to cover financial emergencies.

How To Apply For An Unsecured Loan

If an unsecured loan is right for you, there are several easy steps to apply for:

  1. Determine how much you will need. Only borrow what you need, even if the lender approves you for a larger amount.
  2. Research Top Lenders. Unsecured loans can be found at national and local banks, credit unions, and online lenders.
  3. Compare unsecured loan offers. Some lenders offer prequalification for you See what loans you might qualify for before you apply. Take a look at the interest rates, fees, loan terms and amounts, and the specifics of each lender.
  4. Submit an application. After you’ve reviewed the preliminary quotes and selected your preferred lender, complete a formal loan application. This can be done online or in person through most lenders.
  5. Provide documentation. If the lender requires additional documentation, submit them in a timely manner. For example, this can happen if you don’t have a strong credit rating.
  6. Accept credit funds. If you are approved, the lender will tell you how to get the loan funds. If it is an installment loan, you will receive the money as a lump sum. In the case of revolving loans, such as For example, a credit card, the lender will issue you a credit card to withdraw funds from your account when necessary.

If you take out an unsecured loan, you should pay it back on time to avoid any deterioration in your creditworthiness.

Learn more:

Get pre-qualified

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy and doesn’t affect your credit score.
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Should You Use Vacation Loans For Your Travel? – Forbes advisor

Editor’s Note: Forbes Advisor may earn a commission on sales made through affiliate links on this page, but this does not affect the opinions or ratings of our editors.

When the Covid-19 vaccines are introduced and people are more comfortable traveling, you may be dreaming of a family vacation or a weekend getaway with friends. Vacation loans can help cover everything from transportation costs to room and board. But the truth about these loans is more sobering. In addition to potentially high interest rates and fees, vacation loans can require monthly payments long after your trip.

We’ll guide you through the reality of vacation loans so you can make an informed decision as you plan and pay for your next trip.

connected: Should you take out a vacation loan for travel expenses to Covid?

What is a vacation loan?

A vacation loan is an is private loan You can pay for the trip. Even if a lender doesn’t advertise a personal loan as a vacation loan, you can use the proceeds of most personal loans to pay for transportation, hotels, rental cars, and other travel-related expenses. Vacation loans tend to be unsecured, so you don’t have to pledge anything security. However, this means that the interest rates may be higher and the terms less favorable than alternatives such as 0% credit cards.

How do vacation loans work?

Most vacation loans work like other personal loans, even if the lender doesn’t offer vacation-specific loans. The loan amounts can range from $ 1,000 to $ 100,000 depending on the lender. The terms typically range between two and seven years, but lenders can offer shorter or longer repayment periods.

Likewise, interest rates vary by lender, but are largely dependent on your creditworthiness, income, and other factors. Prices generally range from 5% to 36%, with the lowest rates reserved for the most creditworthy applicants. This means that vacation loan interest rates can be lower than credit cards but higher than secured loans.

Compare personal loan rates from top lenders

Compare personal loan rates in 2 minutes with

For whom are vacation loans suitable?

Vacation loans can be used to finance travel and pay for travel over time. However, this means that you will have to pay interest over the life of the loan, which will add to the total cost of the trip. Taking out a vacation loan can also have a negative impact on your creditworthiness and make future borrowing difficult if you default on payments. For these reasons, it is usually not worth going into debt for a vacation trip.

However, a loan may be your only option if you are faced with a business or emergency trip and need cash to cover transportation, accommodation, or other expenses. Some people also find a vacation loan useful when they have the opportunity to go on the trip of a lifetime. You should carefully consider whether it is worth going into debt – and whether you have the discipline and leeway in your budget to make payments on time.

How to get a vacation loan

If you think vacation funding is the best option, follow these steps to research and apply for a personal loan:

  1. Check your credit history. Start by checking your credit history through an online loan service or yours Credit card provider. Borrowers with an excellent FICO score of at least 720 are more likely to have access to the most competitive interest rates, which can lower the overall cost of borrowing for a trip. If you have a score below 690 you should take steps to Improve your score before applying for a vacation loan.
  2. Research lender. Take the time to compare the interest rates, loan terms, and qualifications of multiple lenders to find a loan that suits your needs. First, contact your current bank or credit union and do some research online for lenders.
  3. Classify beforehand. Some lenders give prospective borrowers the opportunity to pre-qualify for a personal loan with only a gentle credit check. That way, you can see what rate you are likely to qualify for without affecting your creditworthiness. Use this feature when shopping for a lender to assess whether a vacation is worth the likely interest payments.
  4. Make a formal application. Once you’ve selected a lender – and ideally pre-qualified – submit an application. This process varies depending on the lender, but usually involves submitting personal information as well as documents such as proof of income. Depending on the lender, you may also need to go to a branch or discuss your application over the phone.
  5. Receive money and make payments. After the vacation loan money is paid out, it is time to make regular, timely payments. Make sure you understand your due date and have access to the online payment gateway or other payment methods. Registering with automatic payment is a surefire way to avoid missing a payment.

Benefits of Using a Vacation Loan

  • Fixed monthly payments: Personal loans allow borrowers to access cash when needed and then make fixed payments over time. This means that instead of having to pay your vacation expenses in advance, you have to repay the loan with interest.
  • Potential for lower interest rates: Credit card holders pay an average of around 18% for new offers and 15% for existing accounts. Depending on your creditworthiness and other factors, a vacation loan can allow you to borrow money at a lower interest rate.
  • Can help fund emergency travel: Ideally, you will have the opportunity to plan your travel expenses in advance. But if you’re in need and need to book travel accommodation at the last minute, a loan can make it happen.
  • Offers flexibility: With a vacation loan you benefit from the cheapest travel prices – even if you don’t have any cash on hand. However, for this to make business sense, the discounts you get at lower rates must be greater than you would pay on your loan in interest and fees. For example, let’s say you could save $ 500 by lowering travel prices. Your interest and fees must be less than $ 500.

Disadvantages of using a vacation loan

  • Interest increases travel expenses: Borrowers must repay the loan amount plus interest. That makes a vacation more expensive than paying in cash. For example, a $ 10,000 vacation loan with a 12% interest rate and a 36 month term would cost the borrower $ 1,957.15 in interest over the life of the loan, according to Forbes advisor Ad Personal loan calculator shows.
  • Fees can increase the cost of borrowing: In addition to interest, many lenders charge personal loan fees. These fees, which add to the total cost of borrowing, can include: Development fees and even Prepayment penalties.
  • Monthly payments add to the stress: Holidays should reduce stress and offer a break from hectic everyday life. Unfortunately, financing a vacation with a loan can add stress due to the realities of loan repayment.
  • Can have a negative impact on your creditworthiness: Applying for a personal loan can have a negative impact on your credit score if the tough request shows up on your credit report. Once the money is paid off, vacation funding can also lower your credit score if it increases your loan utilization rate or if you don’t pay on time.

Alternatives to the vacation loan

Vacation loans can come with high interest rates and fees, and can affect a person’s ability to borrow across the board. Fortunately, there are a number of alternatives that can help finance travel while avoiding the financial realities of taking out a personal loan:

  • Create travel budget: When planning your vacation, first create a travel budget that is aligned with your personal finances. Ideally, you can plan a trip that can be funded with cash reserves or other sources such as credit card balance.
  • Save to pay for your vacation in cash: The best way to pay for a vacation is with cash (outside of your) Emergency fund, Naturally). You can accomplish this in a number of ways, but reducing your expenses is the most effective way to make savings. There are also a number of online platforms that make it easy to Automate savings.
  • Benefit from an interest-free finance credit card: A 0% APR credit card allows borrowers access to a line of credit with an introductory interest period of 0% – usually between six months and two years. Keep in mind, however, that any outstanding balance will accrue at the end of the introductory phase, so you should pay off the card as soon as possible.
  • Use any outstanding award credits: Travel rewards credit cards and other reward programs can reduce the overall cost of a vacation. Some travelers can even cover all of their transportation and accommodations with credit card reward points. When considering a vacation loan, take an inventory of any outstanding premium balances to see if they are covering travel expenses.
  • Shop around for the best discounts. The cost of flights, hotel stays, amusement park tickets, and other vacation expenses vary throughout the year. Resorts and airlines also offer special rates that can help you save on travel. If the timing of your vacation is flexible, be sure to wait for the best prices for you to do so travel more opportunistically.
  • Choose to stay. When you need a break but don’t have room in your budget for a traditional vacation, opt for a home stay. Take the opportunity to explore parks, museums, restaurants, and other attractions near your home – or explore cities just a short drive away.

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How Much Personal Loans Can You Take Out? – Forbes advisor

Editor’s Note: Forbes Advisor may earn a commission on sales made through affiliate links on this page, but this does not affect the opinions or ratings of our editors.

Compare personal loan rates from top lenders

Compare personal loan rates in 2 minutes with

Getting a personal loan can be a guessing game. You may have an idea of ​​how much money you will need, but that may change shortly after you sign on the dashed line. Whether you need more cash to complete a home remodel or deal with additional medical expenses, you may be wondering whether taking out an additional personal loan is a viable solution.

While there is usually no limit to how many personal loans You can open it altogether, lenders usually set their own limits. We’ll walk you through this and the pros and cons of several personal loans below.

How Much Personal Loans Can You Get From One Lender At One Time?

The number of personal loans you can have with a lender depends on the company’s specific restrictions. Some allow customers to have multiple loans while others limit you to one. It may also depend on your creditworthiness, professional history, income, and other loans.

Risks of opening multiple personal loans

  • Difficult to use: The danger of having multiple personal loans is that you may struggle to keep up with payments. Missing a payment or paying late can seriously damage your credit score.
  • Can increase your DTI: Multiple loans can be yours too Debt-Income Ratio (DTI)which could make qualifying for a mortgage or other loan difficult. This can mean that you get a higher interest rate on a mortgage than if you only had one loan. The typical maximum permitted DTI is 43%, including your future mortgage payment. Having multiple personal loans could go over the top and disqualify you.
  • Requires several hard requests: When you apply for a personal loan, your lender does a tough credit check that can take anywhere from one to five points to your creditworthiness for a year. This means that applying for multiple loans in a short amount of time can seriously affect your credit score.

When is it a Good Idea to Open Multiple Personal Loans?

Obtaining a second personal loan can be useful when you need cash, qualify for a low interest rate, and can afford to pay back multiple debts. If you can’t afford to meet your multiple loan monthly payment obligations, your best bet is to look for an alternative option, such as: Family loan.

How to Manage Multiple Personal Loans

When you have multiple personal loans, it’s important not to miss any payment. Late payments will incur additional fees and damage your creditworthiness.

To avoid this, you can set up automatic payments directly through the lender. But make sure you always have enough money in your checking account to cover every payment. If your bank account fails a payment, you can also owe the bank a late payment fee. You can also use your bank’s billing feature to send payments, but using the lender’s system is preferred.

Set a calendar reminder to check that payments have been received. And if you ever switch banks, be sure to change your automatic payment information.

Alternatives to personal loans

Personal loans aren’t the only way to get cash when you need it. Here are some other common options:

Credit card cash advance credit

If you need cash, you can withdraw money from your credit card at an ATM. Card companies charge a higher interest rate for cash advances; Annual Cash Advance Percentages (APRs) can be up to 36%. The providers also charge cash advance fees between 3% and 5% of the transaction amount.

The maximum amount that you can borrow is usually between 20% and 30% of the available credit line. The available credit limit is your total credit limit minus any current charges on your account.

For example, if you have a credit limit of $ 5,000, you can use between $ 1,000 and $ 1,500 as a cash advance. Unlike a regular credit card transaction, cash advances earn interest as soon as you withdraw the money.

Since cash advances are costly, it is recommended that you only use them when you need a small amount of cash and can afford to pay it back quickly.

Home loan or line of credit

A Home equity loan or home equity line of credit (HELOC) you can borrow against them Build equity in your home. You typically need at least 15 to 20% equity to qualify for any of these products.

When you take out a home loan, you get a lump sum that you can use to pay off debt, do a home remodel, or take a vacation. A HELOC is a line of credit that you can use up to a certain amount. You can repay this amount and then withdraw it again from the HELOC.

The interest rates are often lower compared to personal loans because the lender can use the home as collateral. If you default on the loan, they can repossess your home. This makes both home equity loans and HELOCs riskier than a personal loan. If you default on a personal loan, the bank cannot look for your home as most of them are unsecured.

0% APR credit card

If you have good credit, you can apply for one Credit card with a 0% APR offer. These special offers typically last between six and 18 months. During this time, the credit card company will not charge any interest on the balance. You will still have to pay the minimum amount due each month. If you miss a payment, the company can withdraw the 0% offer.

When the special offer ends, the interest rate will be converted to a predetermined interest rate. If you have any credit remaining, you will owe interest on that amount. However, if you can afford to repay the balance before the 0% rate expires, you will save a lot of interest.

401 (k) loan

If you have a 401 (k) from a current employer, you can take out a loan against the balance. You can borrow up to $ 10,000 or 50% of your balance on your balance up to $ 50,000. For example, if you have $ 45,000 in your 401 (k), you can borrow up to $ 22,500. Unlike other loans, when you pay interest on a 401 (k) loan, interest is added to your account.

Most 401 (k) loans have a term of five years, but if you lose your job or quit, you must repay the balance within 90 days. If you do not do this, the amount not paid will be treated as an advance withdrawal. In this case, you may have to pay tax and a 10% penalty.

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Best Personal Loans For Veterans and Military Members July 2021 – Forbes Advisor

Launched in 2017, Upgrade offers accessible online and mobile credit and banking services in all states except Iowa, Vermont, and West Virginia. Since then, the platform has provided more than $ 3 billion in loans to more than 10 million applicants and continues to expand its online and mobile services. Although the maximum APR are on the high end compared to other online lenders, Upgrade does make loans available for those with poor credit ratings.

Loan amounts that start at just $ 1,000 are flexible, but capped at $ 35,000 – lower than other lenders who focus on lower risk borrowers. Three and five year loan periods are available. Upgrade will charge a commitment fee of between 2.9% and 8% of the loan, and borrowers will pay a $ 10 fee if their payment is delayed or missed by more than 15 days; there are no discounts for autopay. However, upgrade borrowers are not subject to prepayment penalties, so if you can prepay it early, you can reduce the total cost of the loan.

In addition to offering accessible personal loans, Upgrade is optimizing the lending process with a mobile app that allows borrowers to view their account balance, make payments and update personal information. Upgrade’s Credit Heath tool also makes it easy for you to keep track of your creditworthiness over the life of your loan.

Eligibility to participate: Prospective borrowers should have a minimum score of 580 to qualify for an upgrade personal loan (the average borrower score is 697), making it an accessible option for those with fair credit. In addition, the lender does not require applicants to meet a minimum income, although borrowers make an average of $ 95,000 per year. Applicants should have a maximum pre-loan debt to income ratio of 45%, excluding their mortgage.

The lender also takes into account each applicant’s free cash flow, which shows their likely ability to make consistent loan payments on time. Ideally, applicants should have a minimum monthly cash flow of $ 800.

Upgrade increases the accessibility of the loan by also allowing co-applicants.

Credit used: As with most other personal loans, Upgrade Loans must be used to pay off credit cards, consolidate other debts, do home improvement, or pay for other large purchases. However, Upgrade stands out from some lenders in that it allows borrowers to use personal loan funds to cover business expenses. Additionally, Upgrade pays out third-party lenders directly, making debt consolidation more convenient than some competing lenders.

Apart from the legally prescribed usage bans for upgrade loans, there are no special bans.

Change of page: Once an upgrade loan is approved, it typically takes up to four business days for a borrower to receive the funds. However, if Upgrade is paying off a borrower’s loan directly to an outside lender, it can take up to two weeks for the funds to clear.

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Fair credit loans with flexible terms

Select’s editorial team works independently to review financial products and write articles that we believe will be useful to our readers. We can receive a commission when you click on links for products from our affiliate partners.

Applying for a personal loan can feel like a shot in the dark, especially if you are credit-worthiness is less than perfect. While there are dozens of personal lenders out there, not every bank will lend you the amount of money you need with the right payout plan for your budget.

OneMain Financial offers four different terms that allow qualified borrowers to repay the money in 24, 36, 48 or 60 months. Hence, we have OneMain Financial on our list of the best flexible payment plan lender The best personal loans for bad credit.

And while a credit score below 670 will disqualify you for the majority of personal lenders in most cases, OneMain Financial has no minimum credit requirements for applicants and even offers a secured (collateralized) loan option to make borrowing easier.

Ahead, Choose reviewed OneMain Financial, looking at the APR, perks, fees, loan amounts and terms. (Read more about our methodology below.)

OneMain Financial Personal Loan Review

OneMain Personal Financial Loans

  • Annual percentage (APR)

  • Loan purpose

    Debt Consolidation, Large Spending, Emergency Costs

  • Loan amounts

  • conditions

  • Credit needed

  • Origination fee

    Flat fee from $ 25 to $ onem00 or a percentage between 1% and 10% (depending on your state)

  • Early withdrawal penalty

  • Late fee

    Up to $ 30 per late payment, or up to 15% (depending on your state)


OneMain Financial charges a high APR of 18.00% to 35.99%, and there is no Autopay discount. Compared, LightStream, for example, offers lower rates from 2.49% to 19.99% * when you sign up for automatic payment. At the time of writing, the average two-year personal loan interest rate is 9.46% the Fed.

The final APR you will qualify for is based on your individual loan application. Factors like credit-worthiness, Income, loan amount and loan period are taken into account.


OneMain Financial approves applicants with fair credit, and sometimes bad credit, and an option to apply for secured credit if borrowers do not qualify for an unsecured loan based on their credit history.

Secured loans allow borrowers to use equity from their car to potentially get lower interest rates. Prices, repayment terms, and agreements vary by individual and the state in which they apply.

Secured loans require an initial lien on a motor vehicle that meets OneMain Financials value requirements and is inscribed in the name of the borrower with valid insurance. The lender pledges the collateral until the loan is fully repaid.

Applicants can also apply with a co-applicant or, if married, apply for a loan separately from a spouse. However, no co-signers are allowed.


The downside to OneMain Financial loans is the high commitment fees, starting at $ 25 to $ 500, or a percentage of 1 to 10% (this depends on your state). Fortunately, there are no early repayment fees or penalties if you want to make additional payments on your loan in order to repay the balance faster.

For loans with no issuing fees, visit our List of the best personal loans.

Loan amount

Applicants looking for smaller amounts of credit can benefit from a OneMain Financial loan that starts at $ 1,500. The maximum loan amount that you can borrow is $ 20,000.

running time

There are four different runtime options to choose from (subject to final approval). Borrowers can take out a OneMain Financial loan for 24, 36, 48 or 60 months.

Bottom line

While upstart Loans are best for borrowers with no credit history, OneMain Financial is a solid option for fair credit borrowers looking for flexible terms to choose from. But watch out for fees and interest charges with this lender: the APR is higher in the range, from 18.00% to 35.99%, and the underwriting fees can go as high as $ 500.

However, OneMain Financial can offer borrowers the option to secure their loan with collateral, potentially making it more affordable. For another secured lending option visit Avant personal loans.

CONNECTED: Read more about secured vs. unsecured loans

Our methodology

To determine which personal loans are best for consumers with poor creditworthiness, Choose analyzed dozens of US personal loans offered by both online and brick-and-mortar banks, including large credit unions. Whenever possible, we’ve chosen loans with no admission or registration fees, but we’ve also included options for borrowers with lower credit scores on this list. Some of these options have origination fees.

In narrowing down and ranking the best personal loans, we focused on the following characteristics:

  • Fixed APR: Floating rates can go up and down over the life of your loan. With a fixed APR, you set an interest rate for the life of the loan, which means your monthly payment doesn’t vary and your budget is easier to plan.
  • Flexible minimum and maximum loan amounts / terms: Each lender offers more than one financing option that you can customize based on your monthly budget and the time it takes to repay your loan.
  • No early repayment penalties: The lenders on our list do not charge borrowers any prepayment fees.
  • Optimized application process: We considered lenders offering same-day approval decisions and a fast online application process.
  • Customer service: Every loan on our list has customer service available by phone, email, or secure online messaging. We also selected lenders with an online resource hub or advice center so you can learn about the personal loan process and your finances.
  • Payment of the fund: The loans on our list deliver funds instantly either by electronic transfer to your checking account or in the form of a paper check. Some lenders (which we noted) offer the option to pay your creditors directly.
  • Autopay discounts: We identified the lenders who reward you for signing up for automatic payment by lowering your APR by 0.25% to 0.5%.
  • Payment limits and credit amount of the creditors: The above lenders offer loans in a range of sizes, from $ 1,000 to $ 100,000. Each lender advertises their respective payment limits and loan sizes, and completing a pre-approval process can give you an idea of ​​what your interest rate and monthly payment would be for such an amount.

The interest rates and fee structures advertised for personal loans are subject to fluctuations according to the Fed rate. However, once you accept your loan agreement, a fixed APR guarantees your interest rate and the monthly payment remains constant throughout the life of the loan. Your APR, monthly payment, and loan amount depend on your loan history and creditworthiness. To get a loan, many lenders run a hard loan application and request a full application, which may require proof of income, identity verification, proof of address, and more.

Note to editors: Opinions, analysis, reviews or recommendations expressed in this article are solely those of the Select editors and have not been reviewed, approved or otherwise endorsed by third parties.

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Unsecured Loans: Understanding Unsecured Personal Loans | Sponsored

Unsecured Loans: Understanding Unsecured Personal Loans |  Sponsored

Unsecured personal loans are considered installment loans. That means you can borrow a certain amount of money for any purpose and pay monthly fixed installments with interest.

Unsecured and Secured Personal Loans: How Are They Different?

The main difference between unsecured and secured personal loans is the need for collateral. The former do not require you to pledge an asset as collateral, while the latter do. These loans also differ in total loan cost, application process, loan terms and requirements.

The annual percentage rate (APR) of secured personal loans is lower than that of unsecured personal loans. This is because there is less risk to the lender. If the borrower defaults on the loan, the lender can repossess the collateral deposited by the borrower.

How do you qualify for an unsecured loan? Simply go to for more details.

Are you considering taking out an unsecured personal loan? There are many credible lenders such as Credit Ninjathat can help you get a low APR.

How to Qualify for an Unsecured Personal Loan

Lenders want to be sure that you can make repayments on time. Therefore, they evaluate the following factors before approving your application:


Credit scores help predict the likelihood of loan repayment. Also, if you have great credit, you can qualify for a larger loan amount (with low interest rates). However, bad credit does the opposite.


Your income can also help lenders measure the risk of lending you money. If you make enough money, the lenders will most likely approve your application.

Debt-Income Ratio

The debt-to-income ratio compares your income to your monthly debt. Lenders use this ratio to assess your ability to process a new loan. So the lower your debt-to-income ratio, the better your chances of getting approval.

Benefits of Taking Out an Unsecured Personal Loan

Unsecured personal loans are known for do not require any collateral. But there is more to this type of loan. Below are some of the benefits of unsecured personal loans:

  • Unsecured personal loans can be used to pay various types of expenses, such as: B. Unexpected repairs and major purchases;

  • This type of loan usually comes with fixed monthly payments and interest rates that make it easier for you to manage your debt.

  • Unsecured personal loan lenders usually offer flexible repayment terms. These terms usually range from 12 to 84 months. So you have the freedom to choose the most suitable repayment period for you;

  • With unsecured personal loans, you can choose between different loan amounts. The range can range from $ 1,500 to $ 100,000 or even larger.

Pay attention to these factors

Many opt for an unsecured personal loan. However, there are a few important things to look out for:


As mentioned earlier, unsecured personal loans tend to have higher interest rates compared to secured personal loans because of the risk they pose to lenders. If you default on the loan, you have no assets to repossess. Hence, they charge a higher interest rate to make up for the lack of collateral.

Origination fees

Some lenders charge origination fees. These fees are the cost of processing the loan application. They are usually around 1 to 6 percent of your loan amount.

Prepayment penalties

Some lenders charge early repayment penalties, which are penalties for paying your loan before it is due. However, with some lenders, paying your loan earlier can help save money on interest rates. So it would be helpful to know if your lender has any prepayment penalties.

To summarize it

Unsecured loans are a great way to get the money you need. However, because they do not require collateral, the interest rates are often higher than those on secured personal loans. It is best to critically evaluate your needs and the current financial situation before opting for an unsecured personal loan.

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UPDATE 2-Moody’s downgrades some Credit Suisse senior unsecured debt and deposit ratings

UPDATE 2-Moody’s downgrades some Credit Suisse senior unsecured debt and deposit ratings

(Adds CS comment, further context for the rating change)

By Brenna Hughes Neghaiwi

ZURICH, July 13 (Reuters) – The rating agency Moody’s downgraded some of Credit Suisse’s senior unsecured debt and deposits ratings on Tuesday, stating that the risks associated with the Archegos and Greensill affairs will require significant resources to resolve would.

The second largest bank in Switzerland had to cut $ 10 billion in funds in connection with the collapsed supply chain finance company Greensill and then suffered billions in losses after the family office Archegos imploded.

“As indicated in similar cases in the past, investigating and resolving these matters will likely consume a significant amount of bank resources, management and time to leave the CS vulnerable to the above risk factors,” said the rating agency said.

Credit Suisse declined to comment.

At the beginning of the year, S&P and Fitch both revised Credit Suisse’s outlook to negative following the Archegos and Greensill scandals.

On Tuesday, Moody’s downgraded Credit Suisse AG’s ratings for long-term senior unsecured debt and deposits by one notch from Aa3 to A1 and pointed out deficiencies in the bank’s risk management.

Credit Suisse AG is a sub-unit that encompasses the main activities of the bank, including the investment banking and wealth management businesses.

A framework revision has also reduced Moody’s assessment of Credit Suisse AG’s ability to absorb unexpected losses, the rating agency said.

Moody’s confirmed the Baa1 rating for long-term senior unsecured debt across the entire Credit Suisse Group and said the outlook for Credit Suisse ratings is now stable.

The rating agency also said it believes the bank can contain other potential reputational effects and does not expect strategic adjustments to materially affect Credit Suisse Group’s ability to meet medium-term profitability targets.

Nonetheless, when Credit Suisse AG was downgraded, the agency cited potential additional financial burdens from the Archegos and Greensill affairs, as well as the possibility of customer churn and franchise impairment as causes of concern.

“Although Moody’s believes that CS will improve its governance and risk management practices, including the implementation of recommendations resulting from internal and external investigations, the scope and effectiveness of these measures will remain uncertain for some time,” said Moody’s.

“In addition, the ultimate financial and reputational implications of the above events for CS also remain unclear.” (Reporting by Brenna Hughes Neghaiwi Editing by Riham Alkousaa, John Revill and Jane Merriman)

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PACE Funding Group changes its name to Home Run Loans and adds a new unsecured loan product

PACE Funding Group announced that it will change its name to. has changed Home run funding and added a new unsecured loan product called Home Run Loans. The company launched in California in 2014 as a single product company: Property Assessed Clean Energy (PACE) funding for renewable energy, energy and water efficiency projects, and later for storm protection and other public home improvement improvements. The company launched successful PACE programs in Florida (2019) and Missouri (2020). With its new offering, Home Run Financing provides contractors with a single source of funding for their clients to get construction construction financing, opting for either unsecured loans or PACE financing when it suits better the equity in their house is tied up.

“Home Run Financing is the only residential real estate finance provider that offers homeowners both PACE and unsecured loans,” said Robert Giles, CEO of Home Run Financing. “We have learned over the years that customers like to have several financing options from a single source. We meet this demand. “

The PACE funding product is currently available in California, Florida, and Missouri and can be used in renewable energy products, energy or water efficiency products, and home improvement services related to earthquakes, forest fires, and / or hurricanes, depending on state law. Approval for PACE is not based on the borrower’s creditworthiness as it is based on the homeowner’s equity in their home. PACE is strictly regulated to ensure a high level of consumer protection.

Home run loans will be available in these three states plus Kansas and can be used for a variety of home improvement projects, including the types of projects allowed under PACE, in addition to kitchen remodeling, bathrooms, flooring, room expansions, apartment units, pavilions, and many others Projects. Home run loans offer the homeowner and contractor a quick application and approval process, no income documentation, and no lien on the property.

Home Run Financing works with a broad network of renowned, licensed contractors nationwide. Contractors can register through the program’s website to provide home run loans and / or PACE finance. Homeowners can encourage their contractors to sign up for the program.

News of Home Run Loans

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What You Need To Know About Short Term Loans In The Philippines

Short Term Loans In The Philippines

No matter how much you care about your finances, there will always be unforeseen circumstances where you will run out of money. In this case, a short term loan can save the day.

What is a short term loan in the Philippines and what are its advantages and disadvantages? Read on to find out more.

What is a Short Term Loan?

Short term loans offer smaller loan amounts and shorter repayment periods than long term loans. You have to pay off a short term loan in full in less than a year. It also comes with a higher APR.[1]

Most Filipinos apply for a short-term loan to meet minor expenses and financial obligations. For business owners, a short term loan can help fund their business needs to keep them going.

The repayment period for short-term loans can be adjusted according to the borrower’s request. But they are usually paid off in a month. If the chosen repayment term is longer than a month, it should not exceed 12 months.

Short term loans are unsecured loans, which means they do not require any collateral. You also don’t have to borrow against the value of your property. The downside, however, is that the interest rates are higher as the risk of default by the borrower or non-payment of the loan is also higher.

Continue reading:

What Short Term Loans Are There In The Philippines?

Photo by Freepik

Photo by Freepik

Payday loan

This type of short term loan can release your loan proceeds in just 24 hours. But payday loans are high interest loans that are usually due the next payday. You can take out between PHP 1,000 and PHP 30,000 in loans, but the loan usually only needs to be paid back once.

Credit line

This short-term loan gives you access to a fund that you can draw on at any time. The credit period for a line of credit is between six months and one year.

Once you have paid off the loan in full, you can borrow the full amount of your credit line again. Corporations and startups usually have a line of credit to cover cash flow gaps. However, it is only used when needed.

Online loan

An online loan works the same way as a payday loan, where online loan platforms offer short term loans to borrowers. The application is submitted online and the loan proceeds are paid out to a nominated savings account. It’s very quick and easy, and you can do it all on your mobile device.

Continue reading: Online Loans In The Philippines: What Filipinos Need To Know

Invoice Financing

Entrepreneurs in a liquidity crisis can opt for invoice financing. This type of short term loan uses your company’s unpaid accounts receivable as collateral. With invoice finance, you don’t have to wait for your customers to get paid to pay your own employees, suppliers, or operating costs.

Cash advance for dealers

With this type of short term loan, entrepreneurs receive a cash advance and then pay it off from their company’s daily credit card sales. One of the perks is the flexibility of payment based on the company’s credit card sales. However, the fees and interest on this type of short term loan are quite high.

What Are The Best Short Term Loans In The Philippines?

A quick Google search for the best short term loans in the Philippines gives you plenty of options. Some of the popular short term loan providers are Cash Mart, Robocash, Cashalo, Pera 247, Aeon Credit Service, LendPinoy and, Talajust to name a few.

Each loan provider has its advantages and disadvantages, so do your research to find out which one offers you the best interest rates and the easiest repayment terms.

In addition, you can view the list of registered online loan platforms[2] on the Securities and Exchange Commission website to help you make a decision.

5 Tips on How to Get a Short Term Loan

1. Look for the best short term loan provider

Check reviews or feedback online before submitting your loan application. This can help you stay away from moneylenders who are illegitimate, have a bad reputation, or are misbehaving unethical lending or collection practices.

2. Prepare the required documents

Once you have found the right short term loan provider, prepare your loan application requirements. The great thing about short-term loans is that they usually only need a valid ID, proof of income, and proof of invoice.

3. Fill out the loan application form

Provide the required information and make sure your contact information is correct and up-to-date. A properly completed application form also speeds up the verification and approval process.

4. Wait for your loan approval

If you meet all the requirements and submit all the required documents, you should receive an update on your loan application within a few hours. However, this also depends on the size of the applications that the loan provider processes.

5. Understand the terms and conditions

Be aware of the fees, fees, and interest rates of the loan. If everything is reasonable and meets your expectations, you can send your confirmation and wait for the loan proceeds to be paid out to your account.

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Final thoughts

Short term loans can indeed be life saving. In addition to the simple application and quick processing, you will receive your money exactly when you need it most.

However, a short term loan in the Philippines also comes with a much higher interest rate. Since it is easier to avail, you can be tricked into repeatedly applying for a loan when you are short of funds.

You don’t always want to be in debt, do you? It’s still best to stay on a budget, manage your expenses, invest some of your income in savings, and build your emergency fund. When you make this a habit, you will be prepared for any type of financial emergency and not have to take out all of these loans!

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The post What You Need To Know About Short Term Loans In The Philippines appeared first Money max.

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Less than 25? This popular Nantucket bar might not serve you


“I don’t need the Spring Break type of attitude.”

The Gazebo Bar on Nantucket is only open to those 25 and older due to a new policy to reduce underage alcohol use. Luc Tedeschi

If you’re looking to celebrate your twenty-first birthday, don’t go to this Nantucket bar.

The Gazebo, a popular open-air bar, will no longer serve alcoholic beverages to those under 25. Tavern restaurant and Gazebo owner Luke Tedeschi made the switch just a week ago in a final attempt to reduce underage alcohol use. It got so bad that he felt he had to do something.

“What’s worse than I’ve ever seen is the number of minors trying to get in,” he told “Their ID cards these days are very difficult to detect, a lot of good ID cards will go through the scanners we have.”

Nantucket is “under attack” during the summer, Tedeschi said, and noted that the location of the oceanfront bar was another factor making his establishment so popular. He described how minors often claim to be only 21 years old. Therefore, setting the minimum age a little higher helps him and his staff to be sure that they are serving legal drinkers. It is also much less likely that an underage drinker will have ID showing that he is 25, Tedeschi said, and that it would be easy to determine he is underage if he did.

“If I am certain, and your ID is certain, and you are not here with hordes of children – inevitably, in the pack of hordes of children there are minors,” said he declared. “I’m using that as a deviation so say okay, it’s 25.… If you’re worthy and legitimately of legal age and you’re not smuggling minors… if you’re a 21-year-old couple and stacking up not and acting inappropriately, you are certainly welcome.

The Gazebo is a popular open-air oceanfront bar in downtown Nantucket. – Luc Tedeschi

While this is not a common gesture for bars, it is not without precedent. A 2016 Food & Wine article notes a handful of restaurants in New York City and Washington, DC that have implemented a minimum age of 24 or 25; one Long Island bar even has different minimum ages for men and women. Massachusetts liquor laws only mention age in the context of legal drinking age, and public accommodation laws only prohibit discrimination based on “race, color, religious belief, national origin, gender, disability (handicap), gender identity or sexual orientation in some places. public housing ”, including restaurants.

Tedeschi has operated the tavern and gazebo for 29 years and said that while underage alcohol use has always been a problem facing the industry, it has become particularly serious.

“It is a privilege to enter my establishment, not a right,” he said. “It’s a policy, and I never claimed it was a law, it’s my policy to run my establishment as I see fit.”

His restaurant, the Tavern, serves alcohol and has his own bar, but that’s not where he sees the problems. The Gazebo, however, is an outdoor bar open only for cocktail service and late at night.

“Underage drinking is a huge commitment to me as an owner, operator and licensee, and I don’t need to compromise my license to serve minors, that is, children” , did he declare. “I don’t need the Spring Break type attitude, it’s chasing people who can [drink] and are of legal age and are much more responsible and respectful not only to my staff and other clients.

Tedeschi said the bar turned over up to 20 suspected fake IDs to the Nantucket State Police barracks each day.

Tedeschi considers that increasing the minimum age is absolutely necessary, not only to limit alcohol consumption among minors, but also to protect against liability.

“If I lose business, I lose it to illegal drinkers, which puts everything I have at risk,” he said. “When drastic measures need to be taken, I am not afraid to take them no matter what the situation and it is about the protection of the establishment, the licensing and the limitation of alcohol consumption. in minors. “

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We are not a virus police, French cafes say about the new COVID pass

PARIS (AP) – French restaurateurs and workers are as worried as anyone about the coronavirus – but they also fear that the new mandatory COVID passes will turn them into police officers for the virus instead of purveyors of culinary pleasures.

From next month, all diners in France must present a pass proving that they are fully vaccinated, or recently tested negative or recovered from the virus. For restaurants – considered France’s lifeblood – the new rule presents yet another headache after a punitive pandemic.

“Previously our job was to make sure our guests had a good time while they were with us. Now we spend our time berating them. We weren’t trained for that, ”said Louis le Mahieu, director of the Parisian restaurant Les Bancs Publics.

The Bancs Publics are set up at the corner of a street in the canal that crosses the north-east of Paris, a neighborhood popular with young people who meet in its many cafes or along the canal to drink and listen to music. Vivid street art brings the neighborhood to life, and there’s a pop-up vaccination reservation space nearby, next to Paris Plage, the city’s annual urban summer beach project.

Like other restaurants in the lively neighborhood, Le Bancs Publics is already struggling to comply with the virus rules that often change in France. It is one of hundreds of Parisian places closed for not respecting visitor limits since French restaurants reopened in May for the first time in nearly seven months. Thus, its brightly colored metallic shutters are drawn and no guest is in sight.

Cafe and bar owners fear more problems when COVID pass becomes mandatory.

Bill preparing for COVID pass requirement for restaurants, shopping malls, hospitals, trains and planes includes fines of 45,000 euros ($ 53,250) for violations – which could be fatal to small businesses that are already struggling economically after the pandemic losses.

For Gauthier Max, owner of the neighboring Mama Kin, restaurants and bars are no longer places of leisure but have become spaces of constraints and restrictions. “We have effectively become police officers,” he said.

A diverse crowd of customers usually stood outside Mama Kin with drinks and cigarettes and socialized inside, but it was also temporarily closed this week for virus violations.

A collective of angry restaurateurs are due to meet with the region’s police chief on Thursday to discuss the challenges of the virus and try to find solutions, Max said.

Unions pushed back on the new pass requirement, as did protesters during protests in Paris and other cities in France on Wednesday. Tourists are also confused about how they can get the COVID passes before they go into effect next month; the government promises answers soon.

Citing resurgent infections across the country, President Emmanuel Macron and his government say COVID passes are the only way to prevent hospitals from being overwhelmed again – and to avoid more stringent measures such as new blockages.

With health rules changing rapidly, many restaurateurs have said they have trouble keeping up. Mahieu said even the police officers he questioned on the streets were not always aware of the latest regulations.

He said he would abide by the new sanitary rules, but warned they could incur new costs and lower returns.

“We will probably need a full-time employee and a security guard to handle the unhappy people that we will have to turn down,” he told The Associated Press. “We will be stuck between a rock and a hard place.”

Many restaurateurs understand the need to fight viruses and want to avoid even stricter measures.

“I am very pro-vaccine and I find the health pass a good idea and a very reasonable measure. Other vaccines are now compulsory in France, ”said Christine Boudon, owner of La Fontaine de Mars near the Eiffel Tower, one of the oldest restaurants in Paris. “However, it can be difficult for us to put it in place. Checking clients’ health cards is a bit like police work. Only the most senior staff here will be able to carry out this task. “


Angela Charlton in Paris contributed.


Follow all AP coverage of the coronavirus pandemic at

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Small-staffed restaurants make last-minute meals a thing of the past

Making a reservation the same day or going out for dinner at a favorite local restaurant was a no-brainer. Perhaps a prime-time table for four wasn’t always available on a perfect summer weekend, but restaurants in the Hudson Valley were generally accessible. Not anymore. Gone are the days of last minute dining plans, and not just on weekends.

Search for a four course dinner on a random weekday in July and you will find yourself everywhere from Kinsley Restaurant in Kingston to Saugerties’ Red onion.

Before you fully blame the massive influx of newcomers and tourists for taking their places, wait. “Staffing is a huge problem,” says Fletcher W. Tingle, III, director of operations and general manager of Amsterdam at Rhinebeck.

This restaurant recently increased wages to ensure that a 35-hour work week pays more than unemployment, and it has cut serving breakfast, lunch and dinner every day to just dinner from 5 p.m., as well as brunch on weekends. Even with these service cuts and salary increases, they still have a smaller staff than normal, so they can accommodate fewer guests at a time. It works for them financially, but it’s hard to get a table.

Jeffery Beck, Managing Director and Sommelier at Red Onion, finds himself in a similar situation. “Our summer activity is always spectacular, but the difference for us is that in the middle of the week with the labor shortage, I am definitely holding the reservation tables to see how our night is going.” The little restaurant has just closed on Wednesday evening.

His weekend bookings are also scarce. It is still losing 15 seats to the pandemic because it doesn’t pack its tables as tightly and it doesn’t have the staff to serve more diners than it already accommodates. A normal Saturday night meant 190 to 220 covers, but now it serves 160 to 165 diners per night.

If he had more servers he could turn up the volume, but he currently has four people in front of the house. During the pandemic, Beck notes that the entire restaurant industry has lost workers. “They kept finding different things to do. I have been here for 10 years. It was really difficult.

Beck says the overall number of diners he serves is off the charts. “We are hitting record highs every week compared to the previous week against non-pandemic numbers, even being closed on a day.” More and more people dine there or go out regularly throughout the week, instead of being satisfied with the traditional weekend crush. But between their higher labor costs and the higher cost of goods, this increase in activity did not lead to higher profits.

As local restaurants scramble to find more staff, Beck suggests making midweek reservations a few days in advance. For weekends, reservations must be made at least one week at both The Red Onion and The Amsterdam. “We’re heading into a two-week absence,” says Tingle, who adds that yes, the influx of new people and vacationers keen to eat out after a year and more of pandemic containment is partly to blame for the reservations crisis.

Making a reservation for two or four people can be an adjustment, but groups always require a reservation in advance – something diners may have forgotten after a year of eating without friends.

“There’s not a Friday or Saturday that doesn’t happen when we get 30 to 60 phone calls per afternoon from people trying to book six to 10 people at 7 am. No, we can’t do that! You have to book in advance, ”says Tingle.

Your local restaurant may have made it even easier to reserve a seat online. “Due to our small staff, we make everything bookable – bar stools, indoors, outdoors, everything,” notes Tingle, who recommends being flexible with your timing.

A restaurant with fewer staff on weekday evenings will have fewer tables available. Amsterdam is careful not to overload during prime time. “At one point we could handle 60 people at 7:30 am. Now I have limited it to 20 and am spreading it out so that we have the opportunity to welcome you and make you feel taken care of. It’s a balancing act.

Phone calls have fallen out of favor, but when it comes to reservations, the artwork is lost. Some restaurants, including the Kinsley Hotel in Kingston, only accept online reservations for indoor dining. For the outside, you have to call. So if a restaurant’s website says to call to check availability, do so.

Always call if you don’t see what you want, ”Beck advises. Although he is happy with online systems like Resy and Open Table, he does not always bring all of The Red Onion’s available tables online. “I keep it pretty tight. It’s not as smooth as running a restaurant. I still have some control over [reservations],” he says.

One thing is clear: Thinking that you can bypass the reservation system probably won’t require you to sit down. “I am not using the tables for the walk-ins. If I can book my restaurant before going in, I’ll do that rather than guessing how we’re going to get in at night, ”says Beck.

Walk-ins look more and more like unicorns at The Amsterdam. “If you arrive at the right time of day you can, but at least 5-7 days a week we’re full,” says Tingle. “As far as reservations are concerned, they are one step away from being compulsory.”

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San Jose continues to close ailing Agave sports bar amid accusations of violence and prostitution – CBS San Francisco

SAN JOSE (KPIX) – Authorities in San Jose are aiming to shut down an embarrassing South Bay sports bar amid allegations of prostitution and violence, in addition to being the site of a recent fatal DUI crash.

The name was removed from the sign outside the Agave Sports Bar and Grill on Alma Street in San Jose, but the business was still operating on Wednesday. The question is for how long?

READ MORE: San Francisco woman convicted of stealing Walgreens while coughing, claims she had COVID-19

San Jose city officials filed a lawsuit against the facility on Wednesday, seeking to shut it down as a nuisance.

“It’s been a hot spot for many years,” said Dev Davis, a member of the city council, who represents the neighborhood of Willow Glen where the bar is located.

Davis said she supports the city attorney’s action to try to shut down the business.

“There has been violence on this site. Someone lost their life there because another person was too served there, ”she explained.

Last month, Alex Moreno, 32, was arrested on charges of impaired driving and manslaughter while driving a vehicle after supporting his construction company’s van into a crowded outdoor table, killing a woman and injuring two men.

Alex Moreno (San José Police Department)

According to the prosecution documents, Moreno was receiving oral sex while driving from a woman he met at the bar when the accident happened.

READ MORE: Affordable Housing in San Francisco’s Sunset District Moves Forward After Supes Committee Vote

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“I cannot comment on the ongoing investigations at Agave Sports Bar, including whether they are involved in human trafficking or prostitution,” said San Jose Police Sgt. Christian Camarillo.

The city lawsuit alleges that undercover agents were solicited for prostitution by women working for the bar on two occasions in 2020.

Police said the business had also been investigated on several other fronts, including trying to bypass health orders and stay open during the COVID shutdown last year.

“They were offering the public not to park their vehicles in the parking lot, use a carpool service, or park their cars elsewhere so that it didn’t look like it was actually open,” the sergeant said. Camarillo said.

Repeated calls to the company for comment were not returned.

San Jose is also seeking homeowners to pay the city overdue fines of $ 25,000.

“I think it’s pretty obvious. They haven’t been good for the community, ”Davis said.

NO MORE NEWS: “Mountain View Is My City Too” – Lawsuit Brought Against City’s RV Parking Ban

A neighboring business with a similar name – the Agave Restaurant – is located on Monterey Highway. The owner of this establishment told KPIX that his business has been affected due to the bad publicity of the Agave sports bar. In fact, his restaurant reopened just a day after that fatal accident.

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Bond audiences share details of what led to the 2020 Aiken nightclub shooting

AIKEN, SC (WRDW / WAGT) – Bond hearings held today for two suspects charged in a 2020 nightclub shooting in Aiken shared additional details about the violent incident.

Discussions during the bail hearings of Monisha Courtney and Dustin Williamson, two of the five suspects indicted in the shooting, indicate that the incident was a planned act of retaliation.

In the early morning hours of November 28, 2020, deputies from the Aiken County Sheriff’s Office were called to the Seventh Parlor in the 1600 block of Richland Avenue East with reference to reports of a shooting.

Upon arrival, officers discovered that at least 10 people had been injured, including Craig Youmans, 30, of North Augusta, who died at the scene after being shot several times.

At Courtney’s hearing this morning, attorney Bill Weeks revealed that Courtney and co-defendant Lasonya Howard were serving as shooters’ lookouts. Phone records showed the pair made phone calls and texted the suspected shooters moments before the violent incident took place. The suspects also met before planning the attack.

Courtney’s defense attorney explained in more detail her involvement in the shooting. That morning, the intended target was a subject who allegedly murdered Courtney’s boyfriend McKenzie Corley Harley, Jr., 21, two weeks earlier. The lawyer said Youmans was not the intended target.

The day after the shooting, Courtney’s brother TyQuan Graham, 34, was murdered in what she believes was an act of retaliation. A day after speaking to police, she fled to Florida out of fear of being killed, Courtney’s attorney said.

Courtney was later arrested in Florida by the West Palm Beach Sheriff’s Office on warrants for murder and conspiracy.

Details shared at Williamson’s hearing further underscored his connection not only to the Seventh Salon shooting, but also to the death of Henrietta Creech, 77, which came hours after the nightclub shooting.

Williamson is said to be the driver of a vehicle involved in a drive-by shootout in Barnwell that struck Creech’s house and another house.

After Williamson was named a suspect, police raided his home and discovered a gun with cartridge cases that matched those found at Barnwell’s crime scene. Authorities also searched his car and found weapons with cartridge cases that matched those found at the Seventh Lounge, Weeks said.

Judge Courtney Clyburn-Pope denied Williamson’s bail. He will continue to be held in the Aiken County Detention Center pending trial.

Courtney has been given a $ 50,000 bond with several conditions including GPS monitoring, regular contact with her lawyer, and she cannot have contact with the victims, their families or other co-defendants in the case.

Copyright 2021 WRDW / WAGT. All rights reserved.

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OCS Update: RC Coffee’s Robo Café is the Best Thing Next to a Human Barista in the Office

RC Coffee’s space-saving Robo Café is an ideal hot beverage solution for retail spaces and office buildings. Equipped with two spouts, it can serve several drinks in less than two minutes.

[Credit: RC Coffee]

An authentic and convenient espresso experience is here for RC Cafe, which strives to please the discerning palates of coffee lovers with its cutting-edge self-service technologies. The RCC opened Canada’s first Robo Café in downtown Toronto last summer. The kiosk robotically served premium specialty coffees, performing all the functions of a human barista.

Editor’s Note: As the pandemic ends and vaccinations become more widespread, Automatic Merchandiser has spoken to several major manufacturers of commercial coffee equipment in the OCS space to glean their predictions on a recovery and to find out how their coffee brewing technology can benefit operators and customers. This article is the fourth in a seven part series.

RCC said the space-saving Robo Café is also an ideal coffee solution for office buildings. Equipped with two spouts, the espresso machine can serve multiple drinks in under two minutes, easily handling high volume stops. RC can partner with any roaster to create a “micro coffee” that maintains quality.

This year, RC Coffee presents three new Robo Café products. The first is the Robo CaféLight, a lean version of the original kiosk. It passes through a standard 30 “wide door. Also new is the Solo Café, a compact, self-service barista solution for offices that provides users with specialty coffees from an online menu. Features include a sleek Android box, an unattended Ultra VX payment reader from KioSoft and an Eversys espresso machine. Solo Café users scan a QR code to enter their order and touch a preferred payment option to activate the machine. Finally, RRC adds cold infused products to the Robo Café menu.

Based in Boyton Beach, Florida KioSoft Technologies, a developer of unattended payment solutions, is a sister company of Toronto-based RC Coffee.

Despite some elements of the pandemic-induced work-from-home routines, the RCC believes workers will soon be returning to their offices in large numbers. A good indicator of recovery for RCC is Starbucks, which signals a rebound in pre-COVID sales.

“We are convinced that the appetite is there and that the return to normal is underway,” said Adam Lang, Marketing Director of RCC. “We are preparing ourselves by developing self-service espresso bar solutions that are easy to use, contactless and, most importantly, deliver a barista-level experience through automated technologies. Consumers are changing their behavior towards self-service self-service systems in the wake of the pandemic. “

Robo Café espresso machines grind whole beans, tamp fresh grounds, and froth milk – all that a human barista does. Thanks to KioSoft’s all-in-one Ultra VX reader, Robo Café accepts contactless payments, NFC, debit, credit card, mobile wallets and the RC Coffee app; traditionalists can even insert or slip.

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Mount Kisco gears up for very first restaurant week on July 23

The Mount Kisco Chamber of Commerce Restaurant Logo of the Week. The room is trying the promotion which is similar to Hudson Valley Restaurant Week where participating establishments offer specials to diners.

If you’re a foodie in the area and fancy trying out different dining choices, Mount Kisco is the place to go later this month.

Mimicking the popular Hudson Valley Restaurant Week, the Mount Kisco Chamber of Commerce will launch its own Restaurant Week next Friday, with more than 20 restaurants across the village currently offering specials and deals to customers.

It starts on July 23 and runs until Sunday August 1. It not only provides the public with a reason to explore a buffet dining choices, but it’s designed to help bolster the local restaurant scene, where many owners have struggled to survive the pandemic.

“It comes out of the chamber as another way to help a segment of our members, which restaurants are chamber members, and after COVID we worked very closely with them to see how they were doing,” said The House Co. – Executive Director Loretta Brooks.

The offers of each participating restaurant will be unique to their establishment. The goal is to have the community and residents of neighboring towns learn more about the restaurants on Mount Kisco and showcase the wide assortment of cuisine available in the village.

House Co-Executive Director Beth Vetare Civitello said many area residents are always intrigued by what to eat locally when looking for a night out and it’s a great way to bring more choice for people and to help restaurateurs.

“We’re always looking for ways to bring people to our great city and one of the things we know has worked across the county and across the state has been Restaurant Week,” Civitello said. “So we decided that we should have one specifically designed for Mount Kisco, and the restaurant business is a pretty tough business and we have all these world class restaurants here.”

Last week, 21 restaurants registered to participate. A restaurant must be a chamber member to be involved, but if they are, they don’t have to register, Civitello said.

The list of restaurants includes Exit 4 Food Hall; Georgian cuisine Badageoni; Seafood from Mount Kisco; Kisco River Restaurant; Basilico Pizza, Pasta & Gourmet; Stone fire; Locali Mt Kisco; Social village; Skinny Buddha Organic Food & Fitness; Mimi’s coffee; Sette E Venti by Gianfranco; Mario’s Pizza and Pasta; Lexington Place Café; Italian cuisine and Mardino steakhouse; Frannie’s candy store; Captain Lawrence Barrel House; The Holiday Inn’s Hub Restaurant; Ben & Jerry’s ice cream; Dinner by coach at Mount Kisco; Mexican restaurant Azteca; the mount Kisco farm; and Captain Lawrence Barrel House.

Brooks said that for many downtowns, restaurant success can be the lifeblood of the business district.

“We really hope they are doing well,” said Brooks. “I think it’s a good time for someone to try a new restaurant they might have thought of and it’s a good excuse to try it.”

Civitello said the chamber has scheduled Restaurant Week in mid-summer, when some people might be on vacation and business might be slower, as opposed to spring or fall, when foot traffic picks up. usually.

If it works as expected, there would likely be more restaurant weeks in the future, possibly next winter, she said.

For more information on Restaurant Week and to find out what each participating establishment has to offer and if new restaurants are added, visit the Mount Kisco Chamber of Commerce website over the next two weeks at


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Manhattan bar stays in business thanks to loyal customer

Aabir Das still has a lot to learn behind the bar.

“I’ve never worked in the industry,” said Das, the owner of Keats Bar in Midtown East.

But that didn’t stop him from saving his favorite neighborhood bar as it risked shutting down this winter. He is a lawyer with the Legal Aid Society by day and now also the owner of Keats.

What would you like to know

  • Aabir Das has been a loyal Keats patron in Midtown East for a decade
  • The bar was grappling with the pandemic due to COVID-19 restrictions
  • He used his savings to buy the bar
  • Das says the family atmosphere at the bar is the reason he took it over

“I was sort of in a position where the previous owners couldn’t keep it anymore, so I was able to move things around and pick them up. For me, it was just saving something that I cherish,” Das said. . “I know a lot of the ins and outs, the vibe, the feel, so the learning curve has been a lot easier.”

During the pandemic, the bar remained open for take out, but it couldn’t survive on that alone. He knew he had to act fast to keep it going.

“Once we knew it wasn’t going to go through the second lockdown, it was either we had to move forward or someone else would pick it up,” Das said. “It was more of a ‘OK, we can do this, let’s go’ process.”

Das said he has met so many close friends over the years, sitting at Keats, and the family atmosphere made him buy it.

“We’re literally not a bar where people just come to drink. We’re literally a family, we have everyone’s cell phone,” Das said.

The city’s small business services department reports that 4,000 businesses have used grants, loans and other available services throughout the pandemic. For some companies, these services alone helped, but for others like Keats, they had to get creative.

Das used his savings to keep the bar open.

“There were some things that weren’t liquid that I made liquid,” Das said.

Since becoming the official owner of the bar, Das has said it has been a whirlwind.

“I didn’t have time to sit down and process and stuff, but at some point I’m sure I’m going to sit down and be like ‘Oh, okay’,” Das said. .

And yet the crowded bar and karaoke nights are well worth it, according to Das.

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Covid passports rejected by nightclub – industry responds to ‘barrier’ | United Kingdom | New

Health Secretary Sajid Javid confirmed yesterday that the government is moving forward with the final step of its lockdown roadmap next week, lifting most of the mandatory restrictions currently in place. This means that, for the first time since March 2020, social distancing requirements will be removed and nightclubs will finally be able to reopen at full capacity.

As reported by Nottingham Live, the owners of the Pryzm nightclub have confirmed that they will not require proof of vaccination or a negative coronavirus test when they fully reopen on July 19.

This comes despite government advice that businesses and large events should use the NHS Covid Pass to ask punters for proof of these – although this is ‘non-mandatory’ as previous restrictions were.

Peter Marks, who is the managing director of REKOM UK which owns 42 nightclubs including the chains Pryzm, Bar & Beyond, Eden and Fiction, said he was “delighted” to be able to reopen next Monday.

He added that it will be “at full capacity and without any negative Covid test requirements, which we believe would create a barrier to both customer enjoyment and the industry to get back on its feet.”

According to the businessman, nightclubs are “among the best equipped places” to handle the spread of the virus.

Mr Marks said: “We can open this way because nightclubs in particular are among the best equipped venues in the hotel industry, and were even before the pandemic, for the exact security measures needed to reduce the spread of the virus.

“These include air ventilation systems at all of our sites that change air every five minutes on average, disinfection stations in all of our clubs, increased frequency of cleaning programs compared to before the pandemic , and highly trained and experienced door staff who are familiar with crowd management protocols.

“Together, these measures mean that clubs are well positioned to open up and once again offer unforgettable nights. “

READ MORE: Mum dies from Delta variant after refusing Covid vaccine

At the Downing Street press conference on Monday, Boris Johnson urged sites to use the vaccine passport program “as part of social responsibility.”

Guidelines posted on the government website following the announcement said that if “sufficient steps are not taken to limit the infection, the government will consider making the NHS Covid Pass mandatory in certain locations at a later date “.

The government has reportedly made plans for the introduction of Covid passports in the fall, all with the aim of mitigating the impact of a fourth wave and encouraging young people to get vaccinated.

Additional reporting by Gemma Toulson.

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In a cafe in Rio, cats and coffee join forces for a cause

July 12 (Reuters) – At the Gato Café in downtown Rio de Janeiro, coffee and tea are served with a mustache and a purr.

In its pink-walled interior, patrons can shop for slats sprinkled with cat silhouettes and accompanied by paw-shaped cookies while the cats lazily bask in an adjacent room.

Cat cafes were first popularized in Asia, where they originated in Taiwan in 1998. In addition to offering a feline company, Gato Café, which opened last July, simultaneously operates as a site. adoption for abandoned cats rescued by an organization called Bigodes do Bunker (Bunker Mustaches).

In 2019, there were more than 78 million pet cats and dogs in Brazil, according to the Brazilian Pet Institute. As owners have passed away and families have been left in disarray during the coronavirus pandemic, many animals have been abandoned or left to fend for themselves.

A cat is seen at the Rio cat café or Gato Cafe, where patrons can relax while adopting a feline, in Rio de Janeiro, Brazil, July 10, 2021. REUTERS / Leonardo Benassatto

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“There are over 10 million homeless cats in Brazil, and I think the financial hardship caused by the pandemic has unfortunately increased that number,” said founder Giovanna Molinaro, who was inspired to create the cafe after a trip to Japan in 2018.

“There are other cat cafes around the world, but here we are focused on adoption and the welfare of our cats,” she added. Read more

Clarissa Haiut said she was having the best time of her life stroking a tabby with white spots.

“I’m in heaven with all these cats. I am in love with them! I feel like I’m living in a dream full of kittens.

Reporting by Leonardo Benassatto, written by Jimin Kang; Editing by Lisa Shumaker

Our standards: Thomson Reuters Trust Principles.

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Food shortages affect restaurants and bars

KRONENWETTER, Wisconsin (WAOW) – Continuing food shortages and delays are impacting restaurants and bars in our area.

“I would say it’s been at least 6 months, it’s gradually getting worse,” said Jackie Fisher, co-owner of ReLocation Pub & Eatery, “Every week it seems like a different item is missing. We just don’t know never what product we’re going to get each day, we’re on the phone with the distributor or trying to figure out what to buy. ”

Sometimes it’s not just the product itself that’s causing the shortage.

“So even when you can get the product, a lot of times the product is there but it’s nothing to do with that product. So it’s like putting that product into something,” Fisher said. “An example is our dressing is what’s going on this week. So the dressing is ready to use, but there are no containers to put the dressing in to ship it to us.”

This dressing should be used up for eight to twelve weeks.

It is these delays in shortages that put pressure on prices.

“So our cutback that we get for our fryers went from $ 21 for 35 pounds to $ 48 in two weeks. And people don’t realize that we have these costs behind the scenes that we have to absorb somewhere. , I feel like the consumer is the one who is going to have the benefit of catching up, ”Fisher said.

This pressure is not only on the owners, but also on the menu.

“I think the menu prices are going to go up and I think you’re going to see it all,” Fisher said.

But for now, don’t worry too much about your favorite items disappearing from menus forever.

“I don’t think it’s bad enough to take things off the menu, we’re going a week or two where we don’t have them, and we have to post saying we don’t have them or tweak our menu a little bit up. ‘to have the product come back, and people are very understanding about that because they also know, when they go to the store, that they can’t find that product, ”Fisher said.

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These 10 boozy joints raise the bar for Austin’s cocktail scene

Yes that’s right, Austin has changed dramatically in the last ten or two years. And while most of us continue to bemoan the escalating traffic and lack of affordable housing, Austin’s growth – with a few traits of local innovation and creativity – has helped create a truly bar scene. accomplished.

From those with handcrafted cocktails and master mixologists, to those who brag about having wine bar maestros and delivering the best sips of alcohol, Austin’s bars – like its residents – are the perfect mix. art, ingenuity and vision.

We celebrate these beloved waterholes and heady hometown bar heroes at our annual CultureMap Tastemaker Awards.

Learn more about this year’s Bar of the Year nominees below, then join us on August 5th at Fair Market for our Tasting Event and Tastemaker Awards Program, where we’ll toast the winner. . Tickets are on sale now.

Coconut Club
If you can’t have a good time at the Coconut Club, you might as well bury your head in the sand. This two-story downtown bar and dance club, owned by Cole Evans and Brian Almaraz of Cheer Up Charlies, is a tropical party that comes to life. And while some cocktails perfectly embody the beach vibe, anything goes when it comes to the bar offerings here. And that hospitable vibe extends beyond drinks to the very heart of the bar: at the Coconut Club everyone is welcome, the queer community is celebrated, and heaven comes in the form of dancing the night away.

Drink good
This dark, softly lit neighborhood bar is known for its ‘well-balanced’ cocktails and food as much as it is for its visionary owner Jessica Sanders, who takes as much care in crafting the house cocktail menu as she is championing Austin restaurant and community. of the bar and its precious employees. Not only does Drink.Well have a stellar happy hour and imaginative drink menu, but drinkers can learn a thing or two about the art of the cocktail from the knowledgeable bar staff.

Housed in – you guessed it – a parking lot in downtown Austin, this unpretentious, industrial-inspired cocktail bar walks the fine line of being accessible while also offering an elegant range of cocktails that would impress even the more difficult of sippers. The space is lounge and enticing, and the drinks are of a variety that makes you want to linger for another, especially the Old Fashioned, which may be the best in town.

Kitty Cohen’s
This cheerful terrace bar and lounge on the east side is an oasis that invites sun lovers to sit back and relax with a refreshing summer-inspired drink with friends. From frozen concoctions and classic cocktails, beer, wine, and a few seasonal drinks perfect to take a break from the hot Austin summer, Kitty Cohen’s is a sexy place serving up sexier drinks.

The little darling
This laid-back, mostly open-air joint exudes the soul of South Austin and is hailed for its outdoor vibes and savory bites, as well as its beer and liquor offerings. After all, what Austinite doesn’t dig out by scoring a spot at a picnic table under a heirloom tree with light strings or enjoying a garden game (beer in hand, of course) with friends?

Natural wines are all the rage these days, and there’s no better place to try and buy these biodynamic beauties than the East Sixth Street Wine Bar and LoLo Shop. Featuring an impressive rotating selection of natural wines, which visitors can try on-site or purchase to taste at home, LoLo also offers a menu of small bites to pair with wines by the glass or by the bottle, as well as others. libations. And the expansive patio easily attracts visitors to sip and stay a spell.

Long-term salon
At the Long Play Lounge, whether it’s the original location of the St. Johns neighborhood or the new East Side bar, which took over on East Cesar Chavez Street when Stay Gold left, the music is as important as the drinks. With over 400 vinyl records spanning all genres, the good tunes don’t stop, as do the bar’s excellent craft cocktails and local craft beers.

City of Nickel
If you’re looking for a cool dive bar in Austin where the drinks are cheap and the beer is cold, you’ll look to Nickel City, the place on the east side of mix (drink) master Travis Tober and Brandon Hunt from Via 313. Settle into the huge bar for a drink and a beer, or savor a perfectly crafted cocktail while you wait for your chance to sample wings and fries from the on-site Delray Café food truck.

Small victory
This city center bar inspired by underground bars may be small, but it is powerful in terms of carefully prepared cocktails and knowledgeable staff. You can’t beat classic cocktails here, but this intimate and quirky joint truly triumphs when bartenders are left on their own to create truly spectacular concoctions.

The horseman
East Side bar Le Cavalier wants you to be you, Austin. And that means relaxing on the patio with your puppy and enjoying classic cocktails, cold beer, ‘decent wine’ and southern pub food. Or maybe it means popping a jello shot or frozen Red Headed Stranger mezcal drink while killing your dart friends. Either way, you are welcome here. At the Cavalier, there is only one rule: don’t be a jerk.

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Slain bouncer could be alive if Fargo nightclub didn’t allow guns, mother says

In the seven weeks since the 28-year-old was fatally shot In a parking lot west of Africa International Restaurant and Nightclub in Fargo, the Jacksonville, Fla. woman posted numerous photos of her son online.

“The violence must be completely stopped,” she said in a telephone interview with The Forum.

Police continue to investigate McNair’s death, but the case has been difficult to resolve, said Captain Chris Helmick, who heads the Criminal Investigations Division of the Fargo Police Department. One of the challenges detectives face is trying to find people who can tell them what happened in the parking lot.

A fatal shooting took place in the parking lot of the Africa restaurant and nightclub in the early morning hours of Sunday, May 23, 2021 in Fargo. David Samson / The Forum

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“I’m convinced that there is someone who was there that night who could come forward and tell us what happened, and we need that person or people to come forward … and help us with it. that, ”he said.

Helmick declined to provide information on a potential suspect, citing the need to preserve the integrity of the case. No one was excluded as a shooter, he said.

Police have filed more than 100 reports in the case, which is more than usual for a homicide, he said.

Employees appear to have been cooperative, but management likely knows more than they tell investigators, Helmick and Police Chief David Zibolski said.

It’s a claim that Francis Brown, a former business partner who helped open the restaurant, disputed in a phone interview with The Forum.

“I gave them statements after statements,” said Brown, who was a manager at the time of the shooting. “I told the police everything.

City commissioners voted unanimously on July 1 to suspend the club’s liquor license for 60 days after Zibolski cited numerous appeals to the club.


Brown has resigned as manager, but he insists the restaurant and nightclub are a safe place.

“I have nothing more to do (with this). I’m done with it, ”Brown said. “Probably being the face is a problem. “

When the Forum attempted to contact the owners of Africa, staff said they would not comment. The employees also refused to take a message for the owners.

McNair’s mother said she believed more police were needed to resolve her son’s death. She also questioned Brown’s honesty and accused him of covering up the club.

“I feel like Francis made it worse,” Domond said. “As a parent, it’s the most painful thing for someone to call you and tell you that your child has passed away. It’s even more painful to know that my son died working for you (Brown), and that you’re not even a man enough to stand up and say,… ‘This young man lost his (life) in my establishment.’ “

A makeshift memorial behind the Africa International Restaurant and Nightclub appears to honor the victim of a shooting that took place on Sunday, May 23, 2021 in Fargo.  David Samson / The Forum

A makeshift memorial behind the Africa International Restaurant and Nightclub appears to pay tribute to the victim of a shooting that took place on Sunday, May 23, 2021 in Fargo. David Samson / The Forum

McNair grew up in Jacksonville where he helped raise awareness about homelessness, Domond said. He stayed in a homeless shelter for some time starting in December, she added.

He was able to get a grant for the shelter after documenting conditions at a shelter, she said. McNair went to another homeless shelter and helped them get blankets, food and other supplies.

“He really never met a stranger,” Domond said, noting that his son wanted to help others.

He then moved to Fargo to seek a better life, she said. She had no idea he had found a job at Africa until Brown called her to tell her that McNair had passed away, she said.

Authorities have yet to release details of what led to the shooting in the parking lot in the early hours of May 23 or how many people were involved. Police were reviewing video from multiple cameras when The Forum spoke to Helmick in late June.

The department has also recovered several weapons, but investigators have yet to determine how they were involved, he said.

What is known is that at least three employees have been authorized to carry weapons inside the club. McNair and another bouncer also had guns that night and walked into the parking lot with guns to tell customers to leave, Zibolski said.

McNair was not legally allowed to have a gun since he was a convicted felon, Zibolski said.

Bouncers told police Brown told them to clear the parking lots after the bar closed.

But Brown denied that too.

“I would never allow my security to enter the parking lot to clear customers with guns in hand,” he said.

A fatal shooting took place in the parking lot of the Africa restaurant and nightclub just after 2:10 a.m. on Sunday May 23 in Fargo.  (Matt Von Pinnon / Forum)

A fatal shooting took place in the parking lot of the Africa restaurant and nightclub just after 2:10 a.m. on Sunday May 23 in Fargo. (Matt Von Pinnon / Forum)

Brown told police McNair was hired as a bouncer at Africa a week before his death, according to Zibolski. McNair was working as security the night he was fatally shot, Zibolski said.

Brown claimed McNair was just hanging out at the club with a bouncer.

“He was not our employee,” Brown said, adding that he had never heard of McNair’s name before seeing it in the media. “I don’t know who this guy is. I never knew him. So we have nothing to do with it. “

Zibolski noted that the documents were not filled out to show McNair was employed, although he noted reports that most bouncers, including McNair, were paid in cash instead of being listed in the books.

Police stand by their claims that McNair was employed by the club, spokeswoman Jessica Schindeldecker said.

Helmick could not say if employees with guns in the club and bouncers taking them into the parking lot to clear customers were a contributing factor in McNair’s death.

“I think anytime you have alcohol and guns mixed together it’s a recipe for trouble,” he said. “I don’t think bar bouncers are eliminating customers, either inside the bar or in the parking lot, and having guns is good practice.”

Domond said she believed McNair’s death could have been avoided had the bouncers and her son not been allowed to carry guns in the club. She also said she was angry with McNair for having a gun on Africa.

“My son had a gun, the other bouncers had a gun, everyone had a gun,” she said.

Former manager Francis Brown, left, and owner Cory Schultz stand on Monday, July 29, 2019 at the International African Restaurant and Night Club, 4554 7th Ave.  S., Fargo.  Michael Vosburg / Forum Photo Editor

Former manager Francis Brown, left, and owner Cory Schultz stand on Monday, July 29, 2019 at the International African Restaurant and Night Club, 4554 7th Ave. S., Fargo. Michael Vosburg / Forum Photo Editor

Brown said the city had never raised any issues regarding Africa, but Zibolski told city leaders he met with Brown on March 11 to discuss a bouncer interfering with an investigation into a brawl in the February 14 which took place outside the bar. The chef also suggested that Brown buy a card scanner to make sure that no minors are allowed in the bar.

Former Africa lawyer Stephen Baird previously told city commissioners he took over as general manager of the club on July 1, the day the license was suspended. He said the facility was working to resolve the issues.

Less than a week later, on Wednesday July 7, Baird announced he was stepping down from the managerial position.

“As of today, Stephen Baird no longer has any association with Africa International Restaurant and Night Club and is no longer employed by the company in any capacity,” the statement said.

He did not provide a reason for leaving but said he had no further comments.

What appears to be a bullet hole is seen in a garage door at the Cheyenne Estates apartment complex in Fargo, where Santino Manjadit Makur Marial, 41, was shot dead on August 28.  Flowers were also placed near the row of garages.  April Baumgarten / The Forum

What appears to be a bullet hole is seen in a garage door at the Cheyenne Estates apartment complex in Fargo, where Santino Manjadit Makur Marial, 41, was shot dead on August 28. Flowers were also placed near the row of garages. April Baumgarten / The Forum

Helmick said he understands why people are wondering why this crime is taking longer to solve than other homicide investigations. He said the ministry had a good track record in tracing culprits.

The Fargo Police Department solved 21 of 23 murder and manslaughter cases it had from 2016 to last year, according to data from the North Dakota Attorney General’s Office. This gives the agency a clearance rate of 91%.

Last year, the department filed six of its seven investigations for murder and manslaughter. The only case that remains open from 2020 is the fatal shooting of Santino Manjadit Makur Marial, 41. It is not known whether the August 28 murder along a row of apartment garages at Cheyenne Estates, 1104 44th St. S., was random or targeted.

No suspect has been named in this case either.



As in the case of McNair, Helmick said he believed there were people who had information about Marial’s death, but they did not come forward. The people who were with Marial provided as much information as they could.

“But that’s not enough to solve this case,” Helmick said, urging people who may have information to come forward.

Like family and friends, detectives are frustrated that they haven’t found any culprits in either case, Helmick said. They will continue to work on business as much as possible, he added.

“We don’t like unsolved murders,” Helmick said. “I am confident that we will resolve these cases. “

Anyone with information that can help resolve McNair or Marial’s cases is urged to call the Fargo Police Department at 701-241-1405. They can also send advice by SMS to 847411 with the keyword FARGOPD.

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The history cafes introduce us to the abolitionist women who have animated black city life since the 18th century.

History Cambridge hosted two History Cafés in the spring exploring the rich history of the city’s black community. Graduate intern Eshe Sherley created a Cambridge Early Black History Center, a compilation of resources for those seeking information about the early blacks of Cantabria. She also invited two prominent academics to share their work with us on these programs.

The first History Café, May 21, starred Tiya Miles, professor of history at Harvard University, Radcliffe Alumnae. Miles recently piloted a course called “Abolitionist Women and Their Worlds” featuring Cambridge resident Harriet Jacobs, who ran boarding houses in the city and was part of a Cambridge women’s network working for the abolition of the city. slavery and equal social, political and economic rights. for black Americans. This program featured Miles in conversation with several of his students as they discussed their work on abolitionist women in Cambridge and Jacobs’ place at its center.

The second Café in History, held on June 9 was a conversation with Janie Ward, professor of education and director of the Critical Race, Gender and Cultural Studies Institute at Simmons University. This history café builds on Cambridge’s program on Jacobs and the World of Abolitionist Women, tracing the threads of the black experience through the 18th, 19th and 20th centuries. We explored the ways the black community flourished in the decades since independence, as well as the challenges it faced as a result of socio-economic, political and geographic racism. Ward has done extensive research into the history of his own Cambridge residence, uncovering a fascinating web of racial, ethnic and socio-economic factors that have influenced the makeup of his and other neighborhoods in Cambridge over the past three centuries. . His work has helped us understand the complex range of factors that led to the creation and re-creation of the city’s neighborhoods and allows us to better understand the connections between Black Cambridge’s past and present.

Both programs were made possible by generous support from the Massachusetts Society of the Cincinnati and a grant from the Bridge Street Fund, a special initiative of Mass Humanities.

If you missed the live programs, you can watch recordings on the Cambridge History website.


About Cambridge History

History Cambridge began in 1905 as the Cambridge Historical Society. Today we have a new name, a new look and a whole new mission.

We engage with our city to explore how the past influences the present to shape a better future. We strive to be the most relevant and responsive historical voice in Cambridge. We do this by recognizing that everyone in our city knows something about the history of Cambridge and that their knowledge is important. We help people share the story with each other – and weave their knowledge – by giving them the voice, the microphone, the platform. We illuminate where historical perspectives are needed. We listen to our community. We live by the ideal that history belongs to everyone.

Our theme for 2021 is “How Cambridge Fixes Itself?” »Make history with us at

Marieke Van Damme is Executive Director of History Cambridge.


Cambridge Day

Please consider contributing financially to the maintenance, expansion and improvement of Cambridge Day.

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Opening of an Egyptian restaurant, the first of its kind in York City

The owners of an Egyptian food stall at York’s Central Market House hosted a smooth opening of the region’s first Egyptian restaurant on Saturday.

Neama’s Egyptian Food, located at 24 N. George St. and owned by a family of Egyptian immigrants, offers traditional Egyptian cuisine that many locals may never have tried, Neama Khalil said.

“The food is like we used to do at home. Fresh, homemade food,” Khalil said.

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Kahlil’s family moved from Egypt to New Jersey in November 2017 after her husband, Youssef Ibrahem, won the lottery. In March 2018, they moved to York County.

“The United States is a dream for everyone in the world,” Khalil said.

Neama's Egyptian Food, a new Egyptian restaurant in York, will open on Saturday July 10.  The restaurant is located at 24 N. George St.

Khalil and his family already operate a food stand under the same name at Central Market House, located at 34 W. Philadelphia St. They opened the stand in December and will continue to operate it alongside their new storefront location.

The restaurants serve what the family says is traditional Egyptian cuisine. Their menu includes popular Egyptian and Middle Eastern dishes such as kofta, hawawshi, and chicken shawarma.

The restaurant also offers breakfast dishes, soups and pastries, with recipes handed down by their families for generations.

“It’s pretty much Egyptian food that a lot of people don’t know,” said Felo Malak, Khalil and Ibrahem’s son. “Therefore, a lot of people are willing to try it. And they end up coming back for it.”

In some cases, people just come back for the salads, Malak added.

Neama's Egyptian Food, a new Egyptian restaurant in York, will open on Saturday July 10.  The restaurant is located at 24 N. George St.

The menu, which also includes Egyptian coffee and cold drinks, is available on

While the family were delighted to detail their menu, what was most evident was the emphasis on working as a cohesive family unit in the kitchen and dining room.

“Anyone can do something right,” Ibrahem said.

Neama Khalil of Neama's Egyptian Food prepares a serving of koshary at York Central Market on Saturday February 6, 2021. Photo by Dawn J. Sagert

There are no plans at this stage to open more locations, according to the family. But if the restaurant is well received, they can expand.

Khalil said that at least since arriving in York his American friends have offered overwhelmingly positive reviews.

Although the restaurant had a smooth opening on Saturday, it will probably be two weeks before they have a grand opening ceremony as they have to wait for delivery of an oven hood.

The location previously housed DiCarlo’s Pizza.

– Logan Hullinger can be reached at [email protected] or via Twitter at @LoganHullYD.

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Man could spend decades behind bars after buying Crypto and Tesla with PPP money

Alex Dovbnya

Man faces decades in jail after receiving PPP loans for his bogus businesses to buy crypto

The US Department of Justice has indicted a Californian on nine counts of wire fraud and bank fraud after allegedly using taxpayer-guaranteed loans to purchase cryptocurrencies, Mercury News reports.

The aforementioned charges carry a maximum penalty of 50 years.

By submitting over 30 bogus Paycheck Protection Program (PPP) and Economic Disaster Loan (EIDL) applications on behalf of various individuals and businesses, Lebnitz Tran was able to raise over $ 3.6 million ill-gotten funds.

In addition to spending money on crypto, Tran would also send some of the stolen funds to his personal bank accounts.

He also brazenly spent $ 100,000 on a brand new Tesla car, according to the DOJ complaint.

Since PPP loans were granted with few background checks during the raging pandemic, many crooks began to take advantage of this fact last year.

As far as Tran is concerned, his many identical nominations were seen as a clear red flag.

He reportedly registered four companies with fake addresses just one month before receiving up to $ 1 million in loans in June 2020.

Last July, the DOJ also filed criminal charges against a Texan who orchestrated a similar fraud scheme to buy cryptocurrencies on the Coinbase cryptocurrency exchange. Joshua Thomas Argires received over $ 1 million in PPP loans for a barbecue company that had no documented employees.

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10 lost York nightclubs – how many do you remember?

Nightclubs have been closed during the pandemic – and dance fans are awaiting their reopening.

What better time to boogie in the past than to check out York’s nightclubs of yesteryear?

On Friday we shared old photos of the Kuda Room on Clifford Street, formerly known to clubbers as The Gallery, Silks and GG Barnum.

Today we’ve selected ten old York nightclubs from our archives – dating from the 1970s to more recent times.

Line up to get into Ikon and Diva

We would love to hear your memories and stories and see your photos of our nightclub outings. Join our nostalgia group on Facebook: Why We Love York – Memories

Here’s what made our top ten – let us know if your favorite is on the list!

1. We associate the Beatles and other bands with Rialto in Fishergate, but who remembers Tiffanys nightclub?

2. Brummels at Middlethorpe Hall was the height of sophistication in the 1970s, where girls wore long dresses, men wore stylish jackets, and cocktails were served. Very James Bond!

3. In the 2000s, did you go to Nexus on George Hudson Street?

4. Anyone remember taking the bus to Ikon and Diva at Clifton Moor?

5. Tell us about your visit to Cats Whiskers in Fishergate!

6. Many of you will remember a great night out at Toffs in Toft Green.

York Press: Inside Toffs in Toft GreenInside Toffs in Toft Green

7. What about Jack & Jills in Bootham, which would later become The Roxy.

8. His name was Casanovas in Lady Peckitt’s Yard – but did you have to be one to accompany ?!

9. Ziggy’s in Micklegate was an institution. Sticky mats anyone!

10. Who remembers the Gemini Club at Stonegate?

Which one have you visited? What are your memories? And what others should be added to this collection? Submit your comment via the SEND NOW button below or join the conversation in our Facebook group Why We Love York – Memories

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Ottawa Bike Café celebrates opening on Sparks Street

OTTAWA – A new attraction on Sparks Street has been here for years. The Ottawa Bike Café held its grand opening on Saturday.

“We wanted it to be a hub for locals and tourists alike who share a passion for the outdoors, biking and a passion for good food,” said Maria Rasouli, one of the owners.

The partnership between Escape Bicycle Tours & Rentals and Retro-Rides bike shop was supposed to start in May 2020, but the pandemic has changed that.

“It’s not easy to run a business downtown, especially on a pedestrianized street that relies on office workers and tourists,” said Jason Komendat, co-owner of Ottawa Bike Café.

The cafe is a one-stop-shop offering locally sourced food and drink, vintage bikes on display, and a place to rent and tune wheels.

“It’s nice to see the energy and the people in the community,” said Gabriel Maneiro who stopped by the bike café.

“I’m glad people are taking advantage of the warmer weather. I can’t wait to get a bit closer to normal,” said Mya Shrestha, also out for a bike ride around town.

Ontario restrictions ease further – province moves to step 3 of plan to reopen in less than a week– and with the steadily increasing number of vaccinations in Ottawa, many have noticed a surge of energy on Sparks Street.

This includes bus tours in the nation’s capital, which are now gaining momentum and increasing foot traffic on the street, which for over a year has been a ghost town.

“People are starting to interact everywhere,” said Wayne, a traveling clown who distributes balloons near Sparks Street. “I like to see a lot of people, especially kids taking balloons.”

With additions like the Bike Café, it is hoped that the momentum for tourism in Ottawa will only continue to rise.

“We are not at the tipping point that we hoped to be, but we believe it is happening; it is happening faster than last year,” Rasouli said.

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Chefs at one of New York’s hottest restaurants say they’ll reveal their reasons for stepping out when they’re ready

After a stellar review, three chefs and a general manager walked away from their popup at Outerspace. has_dac_biet / Instagram and kreung_cambodia / Instagram

  • The New York Times gave Outerspace a rave review on Tuesday.

  • Wednesday morning, the three chefs and a general manager moved away from the pop-up restaurant.

  • The team has yet to formally comment on their reasons for leaving, but have shared feelings following examining the experience of white salivism and disrespect.

New York Times food critic Pete Wells gave Brooklyn’s Outerspace a apparently rave review Tuesday. On Wednesday morning, the three leaders resigned.

Outerspace, the summer pop-up restaurant starring Anthony Ha and Sadie Mae Burns from Vietnamese “traveling cuisine” Ha’s Đặc Biệt and Chinchakriya Un from Kreung, who specializes in Cambodian cuisine, was scheduled to run through Labor Day after it launched on Memorial Day weekend, according to the Times. Instead, the three chefs retreated from the restaurant set up in what Wells called “the picnic area of ​​a post-industrial Jurassic Park.”

According to a note they posted on Instagram on Wednesday, Ha, Burns and Un plan to continue cooking together elsewhere.

In the Instagram post, the team of three chefs, along with General Manager Ross Warren, jointly expressed their gratitude to the Outerspace diners and fans and explained that “after a few days off we were able to really reflect on our priorities and our desire to push this industry and this philosophy. This thinking directly led to this unfortunate decision. “

“While this chapter concludes, we are actively looking for new spaces so that we can continue cooking together this summer,” the original joint statement read to subscribers. “This is just the start, see you soon!”

well announced the departure of the chefs on Wednesday in a New York Times article, and spoke with the owners of Computerspace Wells Stellberger and Molly McIver.

“We were shocked,” Stellberger told Wells. “They are amazing, talented people. There were things we just couldn’t see agreement on, and for us, we thought we could fix everything. Nothing was overwhelming.”

Thursday, Kreung shared a screenshot of Wells’ New York Times article on Instagram. “When we are ready, the chefs will explain why we left the computerspace,” says the caption.

Although the teams say they will talk about what went wrong in outer space, especially when they feel it is best, the legend of Kreung apparently points to problems in the industry. of the restoration as a whole.

Kreung’s Instagram caption continued, pointing to toxic work environments, “white saviorism” and “shit owners going wild in New York” who “often use words like collaboration inappropriately” as problems common in the restaurant industry.

“I will elaborate on the exploitation”, continues the legend. “I will speak of internalized misogyny. If I am to hear how difficult this has been once again for a [f***ing] owner of this pandemic- I will also speak about my frustration. I will talk about small businesses that are unable to collect their outstanding balances. “

Some followers have said Wells’ report failed to capture both points of view, and Chiefs Pages reposted some of the reviews.

The Times confirmed to Insider that Wells asked for comment, but the team declined to make a formal statement.

Read the original article on Initiated

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No shampanskoye kick: new law falls flat in high-end Moscow bars | Russia

No shampanskoye kick: new law falls flat in high-end Moscow bars |  Russia

LLast orders at Magnum wine bar in Moscow’s White Square business district are called before midnight due to a Covid curfew. Only the vaccinated can drink inside, so drinkers congregate outside, the bottles of wine cooling in metal buckets.

These are confusing times for wine and champagne bars in the Russian capital, not only operating during a pandemic but – since Friday last week – agreeing to bizarre new law that ignores France appellation for champagne and rules that are produced only in the country shampanskoye is worthy of this prestigious name.

Wine buckets sweat in hot weather conditions, but ask high-end Russian clientele if they are willing to accept French champagne as “sparkling wine” and you’ll get a distinctly cold reaction.

“Champagne is champagne,” smiles Ilya, a consultant in his twenties taking a cigarette break. He had opted for prosecco that evening and said he was not averse to ordering a bottle of Russian sparkling wine. “It’s good, but you can’t just change the rules [about champagne]. “

The provocative legislation signed by Vladimir Putin a week ago, which requires all non-Russian producers to label their bottles in Russia as “sparkling wine”, has had little impact so far in high-end bars and cafes from Moscow, where import laws aren’t expected to change the way champagnes are served to customers.

Supermarket in Moscow: French champagne supplier Moët Hennessy briefly halted deliveries to Russia when the law was introduced. Photography: Sergei Bobylev / Tass

A Magnum hostess laughed when asked if the bar was going to repopulate the champagne section of its menu with Russian products from the Kuban wine region.

“I don’t think we’re going to change anything just yet,” she said, showing a price list for champagnes that started at around 6,000 rubles (£ 60) and went up several times. “We’ll see what happens.”

But there are fears that French champagne suppliers may be frightened by the new rules that will force them to reclassify their product, ignoring a heritage of nearly 120 years recognized around the world. Supplier Moët Hennessy has temporarily halted deliveries of champagnes such as Dom Pérignon to Russia and an association of French winegrowers said the Champagne region was “outraged” by the decision.

“If the champagne is not actually delivered to Russia, and it is possible, only Russia and our guests will be the losers,” said Elena Lebedeva, chief sommelier of Perelman People, whose popular bars include Beer & Brut from Moscow and I Like Wine.

“We spent a lot of time with our guests, educating them and explaining to them that champagne can only be called a wine made in the Champagne region of France,” she said. “Many of our guests only drink champagne. Without a doubt, the supply of sparkling wines from other countries will increase, but this will certainly not replace champagne.