Are you ready for some progress on the small business lending front? Could good things actually start to happen for future small business owners? Are we going to turn a corner?
Dude's turning a corner. Are we?
I'm so ready. I'm sick of hearing the same old tired stories. There actually was a small business lending bill signed last September, you know. There's money available.
We all agreed on this; it's still going to be challenging, but things are starting to look up.
Jeff Elgin –"I heard that a handful of SBA guaranteed loans (under $150,000) were granted in the fourth quarter of 2010. “We haven’t seen one of those since the fall of 2008.”
Ronald Feldman -“The application package is probably the biggest hindrance to getting loans approved for new franchisees.”
Edith Wiseman – "Banks are more liquid. This should help make it easier. However, while there are positive signs in the economy, the data isn’t strong enough to ease credit standards.”
I talked about the increase in "conversion franchises." More and more independent business owners are exploring the option of turning their businesses into a franchise business. It's a heckava lot easier to obtain financing, if you're approaching your friendly neighborhood banker with an already cash-flowing business. Right?
Go to AllBusiness.com and see what else we shared about the prospects of obtaining franchise financing this year. And good luck!Don't Go Yet! These Franchise Opportunities Are Worth A Look:
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