Rising costs, SBA rule changes, and a more cautious lending environment are converging to create real challenges in franchise financing. Access to capital is getting more complex—and your franchisees may soon feel the effects. At a recent lender conference, where close to 400 SBA lenders gathered, it became clear that lenders are tightening their credit […]
In today’s competitive franchise landscape, mastering the franchise development pipeline is critical for franchisors and suppliers alike. Franchise development is at the core of any growth strategy, and the difference between average and exceptional growth in the franchising world can be staggering. In 2023, the average franchise brand opened three new units, while the fastest-growing […]
These are questions that franchisors submitted as part of the WednesdayWise Webinar on Franchise Development but that were not answered due to time constraints. What is the common denominator for the quick growth of these brick and mortar brands. Do you separate by size of square footage needed? (Asked by a Beauty Salon Franchise) Many […]
In the complex landscape of franchise financing, the changes in Standard Operating Procedure (SOP) has inadvertently pushed franchise eligibility out of focus for many lenders. While they are engrossed in addressing more immediate changes, lenders have adopted temporary measures. A notable strategy has been to solicit confirmation emails from franchisors, affirming that no modifications have […]
The overall message we received was that franchise lenders have robust volume and are looking for more deals. Below are four key questions and answers from the lender’s conference with over 450 of the most active lenders will help you understand how lenders are thinking. Q: How loose are SBA lender’s credit boxes? A: Deferments […]