Franchising slowed by tight credit

03/22/2009 | American City Business Journals

In previous downturns, many laid-off workers turned to franchising to get back on their feet -- something that's proving tougher in the current recession. Would-be entrepreneurs often can't get the credit they need for franchise fees, and high default rates -- SBA franchise loan losses were up 167% last year -- make lenders even more wary.

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