Credit Tightens for Small Businesses

Peter Goodman reports at The New York Times that many small and midsize American businesses are still struggling to secure bank loans, impeding their expansion plans and constraining overall economic growth, even as the country tentatively rises from its recessionary depths. Most banks expect their lending standards to remain tighter than the levels of the last decade until at least the middle of 2010, according to a survey of senior loan officers conducted by the Federal Reserve Board.

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Dunkin’ Donuts Good for the Neighborhood

Lila Shaker writes at Danbury News Times that we all should admit that the Dunkin’ Donuts on the corner of Springside Avenue and Osborne Street has greatly improved the area. There was much doubt in many people about the noise and safety if Dunkin’ Donuts was allowed to build.

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CIT Group Amends Debt Restructuring Offer

The Associated Press reports that CIT Group Inc., a major lender to small and midsize businesses that struggled under mounting losses and tight credit availability, amended its debt restructuring offer to enlist more bondholder support for the plan. The troubled New York-based lender had launched the debt restructuring effort Oct. 1 with the hope that it will trim at least $5.7 billion from its near-term debt. It is also asking bondholders to approve a prepackaged reorganization plan in case it is forced to file for Chapter 11 bankruptcy protection.

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Weighing in on Press Coverage

Op-Ed by Matt Ellis, DDIFO’s Communication Director. Response to the Boston Globe’s recent article “Franchisees say Dunkin’s brewing trouble” illustrates the differing opinions franchise owners have about seeing their issues discussed in the press. Some lauded Jenn Abelson’s article as an important discussion of an issue of interest to the entire Dunkin’ Donuts franchise community; others saw it as an improper public airing of dirty laundry. In either case, any news related to Dunkin’ Donuts strikes a chord because of the popularity and positive perception people have for Dunkin’ Donuts and its products.

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Congress Mulls Fee Cut on Credit Card Transactions

Mark Calvey reports in the San Francisco Business Times that Visa Inc. and its banking clients who rely on the San Francisco company’s payment network to handle card transactions are fighting lawmakers on yet another front: the fees merchants pay to process a card transaction. Three bills in Congress would limit so-called interchange fees when banking issues are the hot topic.

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Money-Saving, Profit-Boosting Strategies for Franchise Owners

In light of the current economic recession, Dunkin’ franchise owners are rightfully being even more vigilant about the bottom line. The DDIFO is mindful of this and wants to help its members identify ways to save money and boost profits. DDIFO Sponsor, Performance Business Solutions, LLC (PBS) and its sister company, MS Consultants, LLC offer services in areas franchisees might not be aware of that can make a significant difference in terms of reducing business expenses, particularly in the area of tax savings.

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NABE: Worst of Recession is Over

South Florida Business Journal reports, according to the National Association of Business Economists (NABE) that “The great recession is over.” The proclamation is based on a survey of professional forecasters, who also caution that the recovery will take place slowly as large increases in federal debt and unemployment rates are expected to remain very high through next year.

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Managing New Technologies: Together “we kin’ do it”

Some Dunkin’ Donuts franchise owners remember the days of making the donuts. It’s harkens memories of days gone by and reflects the simplicity of the business in its early days. Today, technology has moved the business into the modern age—not just in baking but also in business operations. As an example, sophisticated Point-of-Service machines provide franchise owners with critical data to improve purchasing, sales and marketing. They also point out variances and help control shrinkage. This data is of tremendous benefit to both operators and the brand. As a result, the need has emerged for a policy to effectively manage the use of that data.

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