A small part of the franchise industry is mad at me.
I wrote a short article about an upcoming Ohio vote in November that would keep the interest rate cap for payday loans at a really fair 28%. Our Governor stepped in a few months back, and stopped the crazy practice of these nice franchise companies charging 391% APR on payday loans.
I am no mathematician, but I think 391% IS higher than 28%. Every day.
Here is the article, and some rather colorful comments for your reading pleasure. Please feel free to add some more color.
Anyone need a loan???
If you do this, you won’t miss anything!
Click Here Before You Buy That Franchise You've Been Looking Into"I was pretty focused on a particular franchise opportunity when I reached out to Joel Libava. In the course of a 1-hour conversation, Joel was able to provide direct advice to help clarify the process for me and help guide me through the next steps in my vetting process. He even put me in contact with other professionals who were able to help educate me further in my particular industry. The time and money were well spent."
- Brian Grayson, Franchise Buyer, Cincinnati