Monday, April 28, 2008

Franchise Financing News

My Biz Broker's More On Franchises interests me for this bit of information:

Indeed, with banks becoming more tight-fisted, the SBA is becoming the place more would-be franchisees are turning to. It’s what the SBA was created for, to provide access to capital for small businesses who can’t get it through conventional means.
Circumstances such as paying clients have lead me a bit away from current news on franchising but I think would have seen this information. Not that it seems strange considering our current economic conditions but I would like to see some confirmation for certainty. Meanwhile, it does seem good advice for new franchisees and franchisors.