Tight credit holds back entrepreneurs

Downturns usually lead to an increase in franchising, but IFA spokeswoman Alisa Harrison says tight credit is "really wreaking havoc on the sale of franchises," especially in view of the difficulties small-business lender CIT Group is facing. IFA projects a 1.2% drop in new franchises this year, the first time in 20 years there has been a decline.

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Orlando Sentinel (Fla.) (tiered subscription model)

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