In connection with the Index, BoeFly explored the distribution of loans to new franchise units versus existing locations. For each of the previous two years, the percentage of loans extended to new franchise units remained steady at 47 percent. However, a closer analysis reveals that several franchise sectors and sub-sectors experienced an uptick in new-unit loan volume throughout the last 12 months in comparison to the preceding 12 months. For example, within the restaurant sector, which was flat period over period, the sub-sector of chicken/wing concepts jumped from 45 percent to 55 percent in new-unit lending.
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