Bank and franchise members of BoeFly can now access a summary of the 2011 Franchise Coleman Report free of charge. The Coleman Report summary offers BoeFly’s participating banks and franchisors with franchisee loan performance data and analyses. The Coleman Report provides franchisors and banks with pertinent information regarding borrower names, amount and dates of loans, amount paid, amount lost, and information active on lender’s books. Coleman Publishing, the leading authority on small business banking, produces the Coleman Report to aide lending institutions as they make deals with franchisees. By adding the Coleman Report to its repertoire of lender resources, BoeFly helps franchise operators to grow their business by connecting franchisees with the most compatible lenders.
“We’ve long been the leading source for bankers to understand franchise loan performance and with our upgrades to include specific loan-level detail we provide powerful market intelligence for franchisors,”said Bob Coleman, Publisher and CEO of Coleman Publishing. “We’re pleased that this alliance with BoeFly, the innovator in franchise finance, will make our report more accessible.”
In addition to free access to the summary of the Coleman Report, BoeFly members receive a 33 percent discount on the detailed loan data set. BoeFly members can access the Franchise Coleman Reports using their BoeFly account and visiting the Intelligence Center. When analyzing the loan data sets, lenders gain valuable insight regarding potential loans for a particular franchise. For example, franchises with higher percentages of charge offs are viewed as higher risk to lenders. The report specifically outlines information on the number and affiliation of franchisees that get loans and their associated charge off rates. Charge off rate data helps BoeFly lenders adjust their loan preferences and connect with more compatible borrowers.
“BoeFly serves its members in a variety of ways, from helping franchisees prepare complete and effective loan requests and matching them to compatible lenders, to providing easy and affordable access to the latest industry analysis like the Coleman Report” said Mike Rozman, President of BoeFly.
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