June 27 2014

Fickle Financing: QSR Franchisees Explore Non-Bank Funding

News Article published on QSR news website

Dissatisfied franchisees are avoiding banks and embracing other options.

It is not cheap to set up a new franchise store, and most entrepreneurs would need to borrow money in order to start up their favorite quick service restaurant (QSR) such as a frozen yoghurt shop or Mexican restaurant. Banks have traditionally filled in the role of a provider for these entrepreneurs, extending credit to those they think can become successful and pay back the loan plus interest premium.

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