franchise one lending
franchise one lending
Can I acquire a license one lending ” franchise one lending ” procedure?
You will have to check with the company to locate if a license one lending franchise is on hand in your neighborhood and if you match with the needs for ownership or administration. If you do, instantly contact so that their professionals can help you establish how unsurpassed to reach your client ground in as helpful a method as achievable.
It ain’t called a depository shot for nothing.
It’s as simple as Richard Solomon states over at Blue MauMau.
First, Richard states out the weasel play in an editorial named The Complicit Loan Broker In Franchise Fraud. [Whether there is a broker or not doesn’t matter.]
It is widespread live out in franchise one lending licensing for a franchisor, more than ever a fairly novel franchisor, to shove its license investors to a special loan negotiator, and sometimes even to a specific bank. It is also moderately habitual for the mortgage negotiator or bank to shell out the franchisor for the “traffic”.
The data in the trade theme always comes from the license sales/marketing people of the franchisor. The franchisee has little or no say in the whole matter other than to mark what is put before him by the finance negotiator without reading it or with negligible notice being purchased to it. The data is almost always sham in the intellect that it is full of exaggerations, to put it satisfactorily, and the pro forma economic data has little or no basis in fact.
Richard goes through the details and asks rhetorically with knowing what the reply is:
What is the likelihood that a franchise one lending license investor, on these facts and with this demonstration, will get a sympathetic project? Anyone care to wander? Since it may be a somewhat new situation, what is the likelihood that a constructive judgment will be upheld on application? Anyone worry to estimate?
And when Michael Webster asks a pertinent question:
How can the franchisor supplied data to the loan broker, an agent of the franchisee, which sums to an gaining state when the franchisor disclaims making earnings claims in their Item 19?
Richard goes on to explain:
In the mind of the jailhouse lawyer crooked franchisor, supplying data to aid a license investor get a loan and fininsh a trade scheme (which it all total crapola anyway), is not painstaking (by them) to be the making of an income declare. In the weasel word play of licensing there is the FDD, and then there is everything else. The spot that we weren’t cheating the franchisee; if anything we gave the bank false information by providing it for the franchise investor’s trade scheme, is not just some skeptical hilarious thaing I invented. That’s how it really goes down.
It is functional to convert the whole thread and then keep an eye on the franchise one lending sending.
Here’s a shorten from one commentary (named appropriately Hindsight) that has revealed:
How I desire I had interpreted a commentary like this 12 months ago. This sort of commentary should be dealt on a chief newspaper small trade segment.
