Fading as a franchise, Direct Buy scored a pyrrhic victory over the creditors of a bankrupt franchisee.
Journalists Lynn Hulsey and Ken McCall look into the world of franchising via Small Business Administration lending and uncover a universe of bad loans, shoddy underwriting practices and non-existent oversight.
CIT, one of the largest lenders to small businesses and franchises, today reported a swing to profit, a net income of $97 million for the quarter ending March 31, 2010.
I attended the 2010 UCLA sponsored Chain Restaurant Operators Conference yesterday. The GE Capital Finance representative indicated with me the change of GE's 2010 game rules in financing restaurants.
An Australian business publication says a shakeout may be looming in the AU$ 61B franchise industry. Some on BMM argue that it is already occurring, and at least one Aussie agrees.
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