Report: What are credit conditions this year for franchises?
Every year, FRANData analyzes franchisees and franchisors demand to open new franchises. Since the recession, demand for new units expanded every year as both existing and new franchisees and franchisors look to start and grow their businesses. FRANdata projects a demand for more than 65,600 unit transactions this year, including new, transfer, and refranchised units. Collectively, this represents an adjusted 5.7 percent increase in demand over 2012 and an adjusted 16.9 percent increase over 2011.
“Increasing credit flow to fuel the job-creating power of small business franchising is our number-one priority. As the nation pursues economic recovery and a return to job creation and growth, the IFA is committed to working with key stakeholders in the small business, financial and regulatory communities to reduce barriers to small business lending. We will now work with our colleagues in the financial and policy communities on specific solutions that assist lenders and franchise small businesses.”
– Stephen J. Caldeira, IFA President & CEO