In order to further break down the barriers to franchise ownership, 1851 Franchise and BoeFly have released the March 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.
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 March were California, Texas and Florida. Applicants’ average liquid assets were $258,495 and their average retirement savings were $309,463.
To view the entire March Franchise Finance Index, click here.