Franchising Is Safer for Lenders and Entrepreneurs | The - BoeFly

Franchises are a ?pre-tested business model, (have an) operating plan and playbook with which to run?the business,? ?Charles Green?said at a webinar. He is the founder of the Small Business Finance Institute, an?author?and former chief executive of a community bank. Green presented an online program called, ?What You Need to Know to Underwrite Franchise Loans.??Coleman Publishingproduced the event for small-business lenders and franchise professionals.

Green said that SBA has extensive data available about its previous lending to franchised businesses since 2001, sorted by brand, default rate and charge-off rate. He said that presently approximately 11 percent of SBA?s lending is to franchise unit buyers, which has been utilized by over 1,000 different brands over the years.

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Source: http://www.boefly.com/blog/news-events/boefly-in-the-news/franchising-is-safer-for-lenders-and-entrepreneurs

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