Are things better this year? Is there really franchise financing available? Are banks loaning money to potential franchise business owners?
Since I'm not actually in the market for a franchise to own, I really don't know what the bank loan officers are actually saying to prospective franchisees?
But, my gut tells me that things still aren't where they are supposed to be....
I know one thing about getting a franchise financing
Your chances will increase massively, if you have a powerful franchise business plan prepared.
If you're a military veteran, it may be a bit tougher to obtain franchise financing if you don't have much of a nest egg. But, a business plan can't hurt.
Have things changed for the better this year, with regards to getting a loan for franchises?
Read what four of us said when asked about franchise financing approval rates last year--for comparision purposes.
What are you seeing? Have you applied for a business loan this year?