According to an International Franchise Association study, for every 1 million dollars of lending obtained by franchised small
businesses, 34.1 jobs are created and $3.6 million in annual economic
output is realized. But based on the current conditions, franchise
lending could be curtailed by as much as 40 percent this year.
Another words, the CIT debacle that is not being taken seriously by the US Government, could really hamper the franchise industry's recovery.
Could it be time for franchise industry leaders to get on the phone with their elected leaders?
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Keith Girard over at AllBusiness.com gives a lot of franchise food for thought in his recent article.
Please read it.
Is the franchise industry important to the nations recovery?