Franchise News
SPONSORED
March Franchise Finance Index Showed Growth Across the Industry
Tool continues to provide insight into the financing landscape across franchising while highlighting the quality of the industry’s applicant base.
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.
Don’t Miss the Next Big Franchise Story
Sign up for the 1851 Franchise newsletter to get our biggest stories before everyone else
By signing up, you agree to our user agreement (including class action waiver and arbitration provisions), and acknowledge our privacy policy.
About the Author
Nick Powills
FollowNick 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.
