IFA introduces lending template, funding index
The International Franchise Association introduced new tools to help bridge the gap between banks and franchisees looking for financing, including a Franchise Lending Index and Franchise Lending Template, at its second annual Small Business Lending Summit last week in Washington, D.C according to an article in Nation’s Restaurant News.
The index will measure franchise credit access on a monthly basis and was created in partnership with BoeFly.com, an online lending marketplace. The new lending template, set to debut in the second quarter, was developed with the Consumers Bankers Association to ease communication and establish an easier way to handle due diligence between potential borrowers and lenders. Read more