Archive for the «Franchisors» Category
I attended a webinar a few weeks ago called “Best Practices in Buying and Selling a Business with a Focus on Financing.” It explored the availability of transactional financing to buy or sell a small business. BoeFly.com, an online matchmaking site that pairs borrowers with lenders presented the webinar. Mike Rozman, BoeFly’s co-president moderated the panel with expertise in buying and selling small businesses, financing, appraising and brokering existing franchises.
To start the event, Rozman introduced Beth Solomon, vice president of the International Franchise Association. “The IFA and BoeFly have a strategic alliance in which we’re working together to offer tools and solutions, good advice, counsel, information that our members can use to advance in franchising, especially on the financing side,” she said.
Tasti D-Lite CEO Jim Amos: It’s Time for Small Businesses to Stand Up and Demand Attention from Government
Regulation and new laws are choking businesses, which must speak out.
Businesses have had a tough time since the economic meltdown of 2008. We have been hit from so many different directions simultaneously and rapidly that we have focused on simple survival.
Washington needs to take steps to help small businesses grow the economy.
In the meantime, in response to the economic crisis, the federal government has imposed a raft of new regulations and laws on business owners that, however well-meaning, have served to further strangle small business investment and add red tape to the process of running a business.
Faced with the challenge of finding the best quality daycare for their first child, Marla and Jason Brunk searched at length in the St. Louis, Missouri area. After fruitless visits to numerous preschools, they happened upon a perfect fit – a school with an educational philosophy and curriculum that they loved. It was the first Goddard School franchise to open in the St. Louis area and their young child was one of its first enrollees. The preschool was a standout…
Mike Rozman of BoeFly, Charles Watson of Tropical Smoothie, Steve Overholser of Great Clips and Kevin Ellis of Atlantic Coast Bank were featured in an IFA/BoeFly Credit Access Webinar July 24 in a discussion with franchise and lending leaders to reveal tips, tricks and technologies to unlock the credit box for franchise growth. The webinar was the latest result of an IFA/BoeFly strategic alliance to offer credit access education, tools and solutions, because capital access has been the number one…
BoeFly and the IFA have entered into a strategic alliance to expand credit access to franchisees. Franchise lending has steadily increased over the last 12 months, according to the new monthly Franchise Lending Index from the IFA and BoeFly. The Index was announced today at the Small Business Lending Summit, a meeting of franchising, finance and policy leaders.
The credit crunch for small businesses is expected to ease this year, but entrepreneurs may still need to be creative in their search for financing, according to Entrepreneur. At the same time, such companies as SDCooper, Benetrends and Guidant Financial have gained momentum.
The Nov. 28 op-ed by Steve Bartlett and Richard Hunt, “Financial Services: Coming to the Aid of Small Business,” misses an important aspect of the small business lending puzzle.
While these two respected leaders of two critically important lending trade associations accurately describe the uptick in small business lending that we have seen this year, many aspiring entrepreneurs and existing franchise owners and job creators are still being held back from taking out loans to open or expand their business.
Jane Butler, Executive Vice President of the National Association of Government Guaranteed Lenders, and Bill Hall, Dairy Queen franchisee and IFA Credit Access Task Force Chairman, offered the ins and outs of how to get a loan in “Becoming Credit Ready” – the first in a series of webinars to enable franchises to get the financing they need.
When last we left the chairman and chief executive of Starbucks, in mid-August, he had written a widely publicized e-mail lamenting the poisonous state of our nation’s politics, according to an article by the New York Times. That led him to his first big idea: a call for a boycott of political contributions until Democrats and Republicans began to act in a nonpartisan way for the good of the country.
Most small businesses require equipment in order to operate, from computers to furniture to fleet cars, but simply don’t have many funding options. Aside from internally generated cash flow or credit lines, businesses interested in acquiring equipment require other choices for financing their capital spending.
Many finance companies, from commercial banks to manufacturers and smaller, more specialized commercial finance companies around the country, offer a variety of options for small businesses who want to acquire equipment.