Lending to franchisees plunged 36% in 2009. According to the franchise research firm FRANdata, lending to franchisees fell from $11.7 million in 2008 to $7.5 in 2009. This impacts the small business owners that operate franchises and our entire economy.
It looks like there is a bank that is willing to invest in small business and fill this void. Bancorp Bank is that bank. If you own a franchisee or do business with one, please forward this article to them.