Franchisors make bold moves to aid franchisees in tough economy

Franchisors make bold moves to aid franchisees in tough economy
Tags: Financing and capital improvements, Franchising & Growth, Operations Management
April 7, 2009

Lansing State Journal: Franchisors are beginning to take aggressive steps in order to help their franchisees weather the economic recession. Tactics include co-signing loan papers, buying out operating contracts and modifying or temporarily foregoing licensing fees to help their business survive. Franchising company Kahala Corp., for example, has helped a handful of applicants obtain financing by being a co-guarantor for loans and lines of credit.

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