Chain offers personal-guarantee insurance to aid franchise expansion
As franchise financing became more elusive over the past few years, Marco’s Pizza developed several creative programs, the latest of which is personal-guarantee insurance, to get more potential operators up and running. The latest effort from the Toledo, Ohio-based chain aims to get more bank loans, and speed up the process, for franchisee candidates by covering up to 70 percent of the borrower’s liability. Marco’s chief financial officer Ken Switzer said personal-guarantee ...
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