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"Lenders just don't free credit report now know what the future will bring," says Robert Snelling, president of Honor Capital Group of Plano, Texas, a financial intermediary between franchisees and financial institutions. Cautious lenders are less likely to throw money at newer franchises these days. Banks are favoring those with brand names, businesses that aren't seasonal, and, therefore, don't have free credit report now highly fluctuating cash flow, as well as those that have a solid core of long-term operators. Ventures with only a smattering of locations are being bypassed, in part because they lack proof that they can do well free credit report now in all types of areas or fluctuating economic climates. my free credit check For would-be entrepreneurs who do get financing, unsecured loans are relatively rare. Even those with good credit may have to crack their retirement nest eggs to come up with enough cash to make a deal work. "The first thing we want to free credit report now know is, 'How much cash do you have? Any outside income coming in?' " says Rick Anderson, general free credit report now manager of Franchise Finance of Little Rock, Ark., a company that originates loans and leases for the franchise industry. free crdit report Anderson says free credit report now if borrowers have substantial cash, "we'd recommend they put free credit report now more money into the deal -- maybe 40% to 50%, and we'd finance it conventionally." If they aren't free credit report now flush, he says, they still may have to contribute at least 20% along with free credit report now collateral -- perhaps just enough from a retirement account to cover the down payment to qualify for an SBA loan.

Brian Colburn, managing director of franchise finance at Butler Capital Corp., a commercial lender free credit report now in Hunt Valley, Md., says that the "only bank loans I see being made to new franchisees are if a person has established other relationships with a banker, or has previous experience, or is a local figure free credit report now in the marketplace. credit score free

The average Joe, 99% free credit report now of the time the bank will turn him over to an SBA" office. Indeed, with banks becoming more tight-fisted, the SBA is becoming the place more would-be franchisees are turning to.