FranchiseWorks.com | Franchise
Registry Expands to Streamline Conventional & SBA Franchise Lending.
ARLINGTON, Va. - After extensive consultation with the U.S. Small Business Administration (SBA) and national, regional and local small business bankers, FRANdata
is expanding its Franchise Registry online lending portal to provide lenders with the additional credit risk information tools to assess the risks of lending to franchise
Since 1997, the Franchise Registry has served as the place where lenders validated technical SBA franchise loan
risks. The service is now expanding to include tools that go beyond technical requirements of the SBA to include analysis of franchise
system credit risk to assist lender in making underwriting decisions.
"In order to make franchise loans
, we must have information about the franchise systems
as well as the borrowers. With the new Franchise Registry, a site we already know and use regularly, FRANdata
is providing a central place for us to find that information" said Larry Conley, Sr. Vice President, JP Morgan Chase.
"The Franchise Registry has been a success for lenders, franchises
and the SBA. SBA lenders involved in franchise financing
regularly use the site and the expanded functionality only makes it more valuable to them." Darrell Johnson, President & CEO of FRANdata.
At the recent IFA Franchise Lending Summit and NAGGL conferences, lenders made it clear that the lack of reliable information is an obstacle to increasing the small business lending
that will help fuel this country's economic recovery.
For years FRANdata has been improving franchise financing
with benchmarking research and underwriting products like the Bank Credit Report. The expanded Franchise Registry will provide both SBA and conventional lenders with the additional information they need to make better credit decisions and more loans.
FRANdata is an independent research company whose professional team has more than 30 years of collective experience in the banking industry. Headquartered in Arlington, Va., the company has been providing insight and analysis on the franchising sector since 1989. FRANdata is often cited as an expert in such leading media as The New York Times, The Wall Street Journal and The Washington Post.
If you would like more information about owning a franchise
, go to http://www.franchiseworks.com
FranchiseWorks.com was established in 1999 with the goal of providing qualified prospective entrepreneurs with the right franchise or business opportunity that meets his or her needs. We showcase hundreds of franchise
and business opportunities
in a variety of industries including new start-ups to established companies. www.FranchiseWorks.com
also has information on franchise financing sources, business opportunity and franchise trade show schedules
along with the latest franchise news
. For additional franchise information
or the franchise blog
. Additional information is available on the company's website, www.frandata.com