WASHINGTON The current recession and credit crunch will likely lead to a 40-percent decline in franchise lending this year, according to a study released Tuesday by the International Franchise Association. The study, prepared by FRANdata for the IFA Educational Foundation, indicated that such a reduction in lending could result in the loss of nearly 50,000 jobs and more than $5 billion in economic activity in 2009  Matthew Shay, IFA president and chief executive, said: ...

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