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February Franchise Finance Index Shows Steady Growth Across Franchising

February Franchise Finance Index Shows Steady Growth Across Franchising

Tool continues to shed light on the quality of the franchise industry’s applicant base, making it easier for candidates to understand what brands expect of them

Nick Powills

By Nick Powills

1851 Franchise Publisher

March 16, 2016

With the goal of making franchising more successful and easier, 1851 Franchise and BoeFly have released the February Franchise Finance Index. The data is sourced from bQual, a tool developed by BoeFly that is transforming the sales and financing components of franchise development. The monthly snapshot of the franchise lending landscape was conceived and built with the prospective franchisee in mind.

Financing statistics were sourced from franchisee activity of brands that account for approximately 9,000 franchised units around the country. These franchise brands used bQual to educate prospective franchisees on their vital financial details – such as business credit score (SBSS by FICO), FICO consumer credit score, a copy of their Equifax credit report, and an overall fundability assessment of their loan prospects.

The top three most active states in February were Florida, California and Texas. Applicants’ average liquid assets were $171,279 and their average retirement savings were $180,945.

To view the entire February Franchise Finance Index, click here.

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Nick Powills

About the Author

Nick Powills

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Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.

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