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: ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!