The steps to avoid Fair Credit Reporting Act claims are relatively simple. But the cost of failing to follow them can be substantial. By Elizabeth Torphy-Donzella and Teresa D. Teare The Fair Credit Reporting Act, from the employer’s perspective, is all about process. Whenever
Franchisees should have a sound understanding of their financial positions and match funding with long-term plans. By Randy Jones Prior to the financial crisis of 2007-2008, the primary sources of financing for franchisees were U.S. Small Business Administration-backed loans, conventional loans, and equipment financing.
The right partner can simplify the funding process and provide additional resources for candidates. By Dallas Kerley, CFE There are a number of strategies franchisors might employ to accelerate growth. When it comes to funding for their candidates for example, some take the
Understanding the options is the first step in obtaining the funding needed for business growth. Flexible financing options are important for new and existing franchisees. Given the challenges of financing a start-up or a rapidly growing business, many times a conventional commercial loan isn’t a
Whether you’re a first-time franchisee or a seasoned multi-unit owner, there are a variety of places to turn to when you’re ready to grow The franchise business climate has been steadily improving over the past several years. In fact, the International Franchise Association reported earlier
Franchisor involvement in franchisee financing improves lender connections, results in better interest rates and more favorable repayment terms. Can my prospect get financing? This is the only question that a franchisor has when it comes to financing. While this sounds self-serving, it is true. How
Franchisors must invest in ensuring that candidates access the right independent data to resolve any open anxieties. Recently, I was lucky enough to visit with one of the industry’s leading franchise development executives, let’s call her Lisa, who summed up her success in a single
Having a partnership with the appropriate financial backers can be the launching pad that will go a long way toward meeting your dream. Almost every franchise company has a dream of becoming a national and international success story such as Subway or McDonald’s. What most