A November survey of restaurant owners by TD Bank found that 85 percent of respondents added delivery strategies which now account for more than 20 percent of sales; delivery apps like Uber Eats and DoorDash have changed the game for restaurants as more people find convenience with ordering and eating at home; with less bodies coming through the door lenders are having to deal with adjusting their risk models to account for the changes in the industry; online lenders have also seen a boost as banks have started to pull back with the changes as they now see these businesses as higher risks; “It’s changing the credit and risk profile for banks,” Biz2Credit CEO Rohit Arora said to American Banker. “Banks used to get the best-of-the-best clients. Now the situation has flipped.” American Banker
