NADCO Endorses the Franchise Registry for Underwriting Franchise Loans
May 15, 2013 // Franchising.com // ARLINGTON, Va. - The National Association of Development Corporations (NADCO) today endorsed the Franchise Registry website, www.franchiseregistry.com, as the best place for its membership to find the information necessary to underwrite franchise loans.
The trade association represents Certified Development Companies that have been certified by the Small Business Administration to provide financing for small businesses under the Certified Development Company Economic Development Loan Program or the SBA 504 Program.
"Certified Development Companies provide financing for thousands of franchised businesses each year," explained NADCO President and CEO Beth Solomon. "The Franchise Registry allows them to find the SBA franchise eligibility documentation that is required for SBA loan processing as well as a huge amount of information about the franchise that allows our lenders to make more credit worthy loans with better terms for the franchisee borrowers."
The Franchise Registry is owned and operated by FRANdata, a research company that studies the franchising marketplace. The online resource for lenders has facilitated SBA loans to franchisees since 1997 by making the eligibility review process easier, faster and cheaper. It includes lending tools such as detailed risk assessments in the form of Bank Credit Reports which lenders use to validate franchises and underwrite franchise loans. Nearly 1,600 franchise brands make use of the registry to help tens of thousands of franchisees get SBA financing.
"Franchises, like all small businesses, rely on the Certified Development Companies that make up the NADCO membership to provide SBA financing for real estate and heavy equipment," said Darrell Johnson, CEO of FRANdata. "I'm proud that the Franchise Registry helps make franchise financing easier and better."
FRANdata is the only research company that exclusively studies franchising. The independent research company uses its unmatched warehouse of information and expert research capabilities to provide franchisors, investors, lenders, marketers, government and educational facilities with the information they need to understand the industry, make smart business and investment decisions, market and grow their business, and improve operations.