Here’s a scary thought: When there is a $5,000 mistake on a franchise project, the FRANCHISEE has a problem. When there is $100,000 worth of mistakes on a franchise project, the LENDER has a problem.
Lenders love franchising! Franchising is the fastest-growing method of conducting business in the world. and lenders REALLY love successful franchise loans.
BUT...
Anyone who has spent time in franchise circles for any length of time either has first-hand experience with that $100,000 mistake scenario or heard similar stories from other people.
For obvious reasons, most people don’t borrow more money than they absolutely need.
Throughout the lending process, it seems that EVERYONE is asking, double-checking and confirming how the money will get paid back.
So what happens if $100,000 worth of mistakes happens with borrowed money? A reactive plan isn’t going to help anyone at that point but a PROACTIVE plan will!
Curious what that proactive plan is? Download our free risk mitigation tool pdf tool that you can put in your toolbox right now!
http://www.nationalfranchiseinstitute...
Contact: Carolyn Miller, founder of the National Franchise Institute:
303-532-3377
Email:
JoinUs@NationalFranchiseInstitute.com
http://www.nationalfranchiseinstitute...
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Risk Mitigation for SBA and Franchise Lenders developmental | |
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| People & Blogs | Upload TimePublished on 13 Jun 2016 |
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