It is easy to discredit “new” brands in franchising, but there are advantages to understanding this group of franchise go-getters. Over the last 5 years, these emerging brands have added new units by 75% compounded annually, from 800 locations in 2012 to over 8,000 in 2016. No, not all new concepts make it, but when they […]
Why Should You Care? If your franchisees or prospects need financing, you should care. The SBA Directory helps lenders check if a brand CAN obtain SBA financing, while the Franchise Registry is utilized by lenders to see if brands SHOULD obtain financing. We use the umbrella term “lenders” but, in reality, a loan […]
This quarter’s New Concept Report — includes 84 new brands with 300 executive contacts. Overall, there continues to be a quantity of health focused concepts – either healthy food or some kind of alternative health/medical centers. There is a growing trend of stem-focused childhood education brands and Asian inspired QSR. We were also happy to […]
There are 72 new franchise concepts profiled, with 275 executive contacts. Altogether, 33 food brands, and 39 nonfood and service brands started franchising in the third quarter of 2016. The number of sit-down restaurant franchised brands grew faster than QSR, adding 13 and 11 new brands respectively. This is counter intuitive in terms of where the […]
When submitting loan packages to the SBA to obtain loan guarantee numbers, lenders need to determine if the loan meets affiliation standards. Franchise loans must meet both general borrower and franchise-specific affiliation tests. Most franchisors applied for and obtained franchise-specific eligibility approval. All a lender had to do was go to the SBA’s online pull-down […]