Franchise owners are now able to streamline a variety of tasks using technological franchise resources, thereby running their businesses more efficiently. The advent of smartphone and tablet technology has changed the franchising landscape. Franchisors and franchisees can now run many aspects of their franchises remotely, freeing them to get out of the workplace and multi-task. For example, remote sales people … Read More
Finding the perfect franchise opportunity for you can be more complicated than you think. These frequently asked questions are all good things to keep in mind as you search for the right business opportunities and franchise financing for your needs. What Is Franchising? When most people think of franchising they think of the food industry, but there are many … Read More
We just wrapped up at the Franchise Times’ 16th Annual Franchise Finance & Growth Conference, which is the premier conference in the franchise lending space. Franchise brands attending the conference had a chance to meet with franchise lenders, such as Cornerstone Bank, Funding Circle, Stearns Bank, and Rapid Advance, as well as investors. We had the opportunity to pitch to … Read More
Are You, the Entrepreneur, Thinking about Buying a Small Business in 2014? Don’t overlook the multitude of opportunities that abound in the Franchise world. Everyone is looking for the next McDonald’s, Dunkin’ Donuts or 7-11—the one opportunity that with a reasonable investment and lots of hard work, will provide you with a secure career path. But it may not be … Read More
The recent issue of Entrepreneur Magazine features the 2014 list of the top 500 franchises. Franchising accounts for approximately 10% of new U.S. jobs according to an article in entrepreneur.com, with 11,000 new establishments in 2013. With sales of approximately $802 billion, representing 3.4% of U.S GDP, franchising is an important factor in the continuing economic recovery. Despite the continued … Read More
The franchise industry accounts for 825,000 businesses across 300 sectors, which supports nearly $18 million jobs and generates $2.1 trillion in economic to the US economy*, is dependent upon smooth credit access. BoeFly, the online marketplace that makes business lending easyTM, has conducted an analysis of franchise lending in 2012. The study, presented in an easy-to-understand infographic explores which lenders are … Read More
The franchise industry has been steadfast in the face of economic diversity in the years following the Great Recession.
The Index found loans to franchises decreased by 2.11 percent from August to September, and by 2.01 percent from September 2011 to September 2012, showing the first drop following eight consecutive months of year-over-year gains New York, NY – Lending to franchise businesses dropped by 2.11 percent from August to September following a 3.64-percent increase from July to August, according to … Read More
The franchise industry has been cited for strong performances despite the turbulent economic conditions present since the recession, especially regarding food industry franchises.
In recent years, franchises, especially those in the foodservice industry, have experienced widespread success despite recessionary conditions.