The Franchise Registry lists every franchise in the United States. While its primary purpose is to make lenders aware of the existence and viability of a franchise brand, prospective franchisees, government agencies, educational institutions and industry experts use the site to validate that a franchise is an existing and thriving company.
The Franchise Registry is where lenders come to do franchise financing. When a franchise brand’s prospective franchisees are ready to open a unit, or when an existing franchisee need to refinance, the franchise brand/system needs to be included on the Franchise Registry if you want lenders to make the loan.
Franchise Financing Services Offered on the Franchise Registry:
- Financing Eligibility Service: Make it as easy and fast as possible for your franchisees to get loans by having your agreements reviewed and available to lenders. By having your agreements reviewed on the Franchise Registry, lenders can come to the site to download the paperwork they need without the time and expense of doing additional reviews. Many lenders, in fact, require that your agreements are reviewed this way.
- BCR Services: Lenders consider loan packages that do not have any information about the franchise system to be high risk and they are reluctant to make the deals. A Bank Credit Report (BCR) on your franchise system provides lenders the information they need to overcome their risk concerns. Endorsed by major lending institutions such as Bank of America, TD Bank, The Bancorp and others, the reports are beginning to be a requirement for franchise lending. As part of having FRANdata produce a BCR for your brand, you also get our loan support services to help answer any and all question from lenders while they underwrite the loan for your franchisee.
Click here to get registered