The Franchise King Blog

CNBC Discusses Franchising, Small Business Lending, And 2% Franchise Growth...

The folks at CNBC know how important the franchise industry is to the US economy. here, in an interview with the IFA's Matt Shay, a good discussion ensues. Also, a new franchisee of the UPS Store makes his case on why he chose now to go into business for himself.

The lack of cooperation by our nations banks was recently discussed in this FOX Business News article, too. Check out what a banker told me. You won't believe it. 

Houston, do we have a problem?

Can President Obama Help Small Business?

President Obama has a lot on his plate. Unless you have actually been the President, it's hard to imagine the pressure he's under. It's a 24/7 job, vacations are never really vacations, and in addition, there are crazies out there that would like to kill him.

The most important thing on the minds of Americans is our economy, and the loss of jobs. Do you think he can fix things? 

Care to share your feelings?

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Today's Credit Landscape; What Should You Do?

(From Wikemedia Commons, taken by Jonathunder, January 2009. Winona Savings Bank, Winona, Minnesota)

I have been writing and talking about the credit crisis, and how it's affecting the franchise industry for almost a month now. I thought it would really add value for you-my readers, to hear how things look from the "Capital" side of the table.

(This is a guest post by David Criswell of Direct Capital)

During this recession, the financial structure that small businesses use to access capital has been significantly altered and created the most difficult environment to access capital in decades.  Between the CIT Bankruptcy, bank closings and reduced/closed credit lines, business owners are experiencing first hand the effects of the embattled credit markets.

Taking a big picture view of today’s credit landscape I see three components creating the conditions businesses are experiencing trying to access capital.

The Franchise King® Is Not Being Paranoid

      Small Business Loans Drop By $10 Billion

(From CNN.com, today)

"Some banks are unapologetic about their cutbacks. Small business defaults are soaring, and banks are under pressure to shore up their balance sheets and reduce their exposure to risky loans. Two key small business lenders, CIT Group and Advanta, filed for bankruptcy this month."

This is not paranoia. This is reality.

I have been telling folks this for the last month via;

• Radio programs
• Interviews
• Blog articles
• Phone consults
• Franchise seminars
• Social media
• WhiteHouse.Gov

Some folks feel that I am sometimes a little negative.

Some folks feel that I speak the truth-even if it is negative.

What do you think?

Some Banks Are NOT Open For Business; Why Won't They Start Loaning Money To Small Businesses?

        What's The Deal?

Maybe it's because of the debacle at Bank Of America.

Maybe it's because of the mortgage crisis last year.

Maybe some of the banks that are too big to fail are in bigger trouble than we think. Maybe Robert Reich is right. His article.

I received a call today from a commercial loan representative at a major local bank here in Cleveland.