Currently, the number of folks that I am meeting with to help find opportunities in the world of franchising is a little light. Election years are sometimes tough for the franchise industry, as there is an air of uncertainty flowing through the country. Combine that with some inflation, some unfriendly gas pricing, and the mortgage headaches, and we are all having a jolly good time. Anyway…….
I want to pose two questions to the franchise community, including SBA lenders, CPA’s, and maybe some folks that are in the process of getting a commercial loan for their new franchise start-up:
1. Are there more roadblocks out there right now-lenders wanting a lot more info, or collateral etc?
2. Is there a slowdown in loan applications for new franchise start-ups?
If you can let us all know what is really going on with regards to franchise start-ups, and loans, it would be appreciated. You can use the comment form to share. Thank You!