I stood up and told him that AAA bonds that I had bought in
franchise loans did default, so it was not true.
My mistake: I, for one, bought some AAA
securitized franchise loan paper that went into default long before the current crisis hit.
My mistake: I, for one, bought some AAA securitized
franchise loan paper that went into default long before the current crisis hit.
SBA franchise loans are on the rise, but you still need seed money and a carefully honed business plan.
Lending Club, for example, has coordinated $ 1.6 billion in loans between investors and borrowers since launching its online platform in 2007, including $ 54 million in small - business and
franchise loans averaging $ 15,000 to $ 18,000.
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There's also a group of p2p lending platforms that specialize in small business and
even franchise loans.
Remember that bank approval of
a franchise loan doesn't necessarily mean the franchise is a safe or good investment.
In order to qualify for
these franchise loans, franchisees must have a detailed business plan.