Joel LibavaSmall Business Loans Drop By $10 Billion
(From CNN.com, today)
"Some banks are unapologetic about their cutbacks. Small business
defaults are soaring, and banks are under pressure to shore up their
balance sheets and reduce their exposure to risky loans. Two key small
business lenders, CIT Group and Advanta, filed for bankruptcy this
month."
This is not paranoia. This is reality.
Continue Learning About Franchising
Check out these important franchise trendsGet the latest franchise research tips
Learn how to choose the right franchise for you
Educate yourself about some of the franchise legal stuff
Get specific advice on owning and operating a franchise
I have been telling folks this for the last month via;
- Radio programs
- Interviews
- Blog articles
- Phone consults
- Franchise seminars
- Social media
- WhiteHouse.Gov
Some folks feel that I am sometimes a little negative.
Some folks feel that I speak the truth-even if it is negative.
What do you think?
About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
Note: When you buy through links on this website, we may earn an affiliate commission.
