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

By Nick Powills1851 Franchise Publisher

SPONSOREDUpdated 6:18PM • 03/16/16

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.