Credit crunch affecting franchising

05/27/2008 | NJBIZ (New Jersey)

The credit crunch is causing banks and other lenders to be more cautious about lending to franchises, particularly first-time franchisees. "Banks are more comfortable with people who have experience and a track record. But even then they're taking a closer look. To get a loan, franchisees have to be prepared to document their claims of anticipated revenue and income," one franchise broker said.

View Full Article in:

NJBIZ (New Jersey)

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Director, Workforce
AIA
Arlington, VA
VP of Video Content Distribution
Calkins Media
Levittown, PA
Administrative Assistant
Watco Companies
Los Angeles, CA