Credit report business Kansas

That has left many borrowers turning to other sources of financing. More people are seeking out loans from the Small Business Administration, which credit report business Kansas are partially guaranteed by the government, credit report business Kansas making them less risky -- though some lenders participating in the program are tightening their lending criteria as well.

And some would-be franchisees are even tapping retirement funds. The shakeout is partly due to the mounting defaults by franchisees who got in during credit report business Kansas good times, perhaps short-changed themselves on credit report business Kansas working capital and then, when the credit report business Kansas economy faltered, couldn't cover their loans. "Lenders just don't know what the future will bring," says Robert Snelling, president of Honor Capital Group of Plano, Texas, a financial intermediary between franchisees and financial institutions.

Cautious credit report business Kansas lenders are less likely to throw money at newer franchises these days. Banks are favoring those with brand names, businesses that aren't seasonal, and, therefore, don't have highly fluctuating cash flow, as well as those credit report business Kansas that have a solid core of credit report business Kansas long-term operators. secure free credit report Ventures with only a smattering of locations are being bypassed, in part because they lack proof credit report business Kansas that they can do well in all types of areas or fluctuating economic climates. For would-be entrepreneurs who do get financing, unsecured loans are relatively rare. Even those with good credit credit report business Kansas may have to crack their retirement nest eggs to come up with credit report business Kansas enough cash to make a deal work. "The first thing we want to know is, 'How much cash do you have? Any outside income coming in?' " says Rick Anderson, general manager of Franchise Finance of Little Rock, Ark., a company that originates loans and leases for the franchise industry. Anderson says if borrowers have substantial cash, "we'd recommend they put more money into the deal -- maybe 40% to 50%, and we'd finance it conventionally." If they aren't flush, he says, they still credit report business Kansas may have to contribute at least 20% along with collateral -- perhaps just enough from a retirement account to cover the down payment to qualify for an SBA loan. get credit report free online Brian Colburn, managing director of franchise finance at Butler Capital Corp., a commercial credit report business Kansas lender in Hunt Valley, Md., says that the "only bank loans I see being made to new franchisees are if a person has established other relationships with a banker, or has previous experience, or is a local figure in the marketplace. The average Joe, 99% of the time the bank will turn him over to an credit report business Kansas SBA" office. Indeed, with banks becoming credit report business Kansas more tight-fisted, the SBA is becoming credit report business Kansas the place more would-be franchisees are turning to. "It's what the SBA was created for, to provide credit report business Kansas access to capital for small businesses credit report business Kansas who can't get it through conventional means," says Christine Reilly, head of credit report business Kansas small-business lending at CIT Group Inc., credit report business Kansas a New York-based finance company. Reilly, CIT has recently "made some changes" to its underwriting criteria for franchising in order to reduce its risk credit report business Kansas exposure.

The standard SBA loan for franchisees is known as the 7(a), which is issued by a bank or other qualified lender, and partly guaranteed against default by the government.

Because of that backing, such loans are seen as relatively low-risk. get your free credit score SBA credit report business Kansas loans include those for short-term working capital and equipment, which often have a five- to six-year maturity; and real-estate loans, which can run for 20 years or more. Despite the current tight-money situation, "we expect to have adequate funding to meet demand for fiscal '09," says James Hammersley, director credit report business Kansas of the agency's loan-programs division.

About 10% of all SBA loans go to franchisees, with the size running between $250,000 and $500,000, although the maximum is $2 million.