Benefits of the Franchise Registry
Franchisees need financing. Here is an easy way for you to help them and enhance your image at the same time.
Benefits For Franchisors
- Expedited loan processing. Eliminate weeks of processing time for new franchisees during purchase and existing franchisees looking to upgrade or remodel their existing location with an SBA loan. Help to ensure that loans will not be held up by a local SBA office and royalty streams will not be delayed.
- Minimize legal reviews and expenses. Have your franchise documents reviewed once, instead of being subjected to negotiations and different interpretations among local SBA offices.
- Service to franchisees. Demonstrate up-front to franchisees your committment to a successful relationship by helping them to secure financing.
- SBA stamp of approval. Provides a feeling of security to franchisees because SBA has determined that there are no unacceptable franchisor control provisions in the franchise agreement. Franchisors can announce and market their listing on the Franchise Registry to prospective franchisees.
- Improves relationships with SBA lenders. Being listed decreases risks for PLP lenders and eases the approval process for local and regional lenders who are increasingly participating in SBA financing. This is particularly helpful for franchisees who prefer to continue their relationship with their own lender. It also raises awareness of your brand in the lending community.
Benefits For Franchisees & Potential Franchisees
Franchisors who are part of the Franchise Registry are doing their best to make your financing as easy and quick as possible. Need we say more?
Hundreds of companies are already providing this service to their franchisees. Maybe your competitor is too. See which companies are already listed on the Franchise Registry.
|
