In this session, elite funding institutions FranData and Benetrends will cover the variations of the borrowing landscape. The constant changing appetites of the lenders make it a perfect time to review and working with financially viable candidates is more important than ever right now. Now is the time to review/revisit your financial requirements for your franchisee candidates. During this session, you will learn about the impact of the changing SBA rates, how net worth is looked at and its importance to lenders vs. liquidity and debt service and other topics. We will cover expected timelines for candidates in the lending process as well as how your requirements should change when working considering a multi-unit candidate. Best practices and tools for prequalification among other topics will also be included in the session.
Eric Schechterman, Chief Development Officer at Benetrends
Dallas Kerley, Managing Director, FranData