Coleman’s Movers and Shakers — Coleman and FRANdata Join to Launch FUND™ Reports
July 28, 2016
Coleman’s Movers and Shakers
By Bob Coleman
Editor, Coleman’s Movers and Shakers
Coleman and FRANdata Join to Launch FUND™ Reports
“Since the beginning of 2016 we have seen lender activity more than double on the Franchise Registry” says Darrell Johnson, CEO of FRANdata, “There was a 100% increase in lender participation on the Franchise Registry site and we have added hundreds of new lender members since the beginning of this year alone. Credit availability is encouraging, and the franchise industry is continuing to facilitate the expansion of small businesses nationwide. The FUND score and report helps lenders determine whether more confidence is needed in the borrower as opposed to the franchise system when considering loan terms.”
“With the growth in popularity of franchise lending comes the need for better understanding and underwriting of franchise brands” says Bob Coleman, Editor of the Coleman Report. “FRANdata is able to fill the gap within the lending community for consistent, accurate, and reliable credit scoring of a franchise company. I am excited to bring such a solution to my lender subscribers”
The FUND report scores brands on 12 specific franchise performance metrics all derived from publicly available information. FUND scores range from 100 to as high as 900 on a scale of 950 points. FUND reports are available to lenders in the Franchise Registry, and is available at: https://shop.frandata.com/ColemanReport
Boefly Announces Nancy Broudo as Senior Vice President of Franchise Business Development
“We are thrilled to welcome Nancy to the BoeFly team,” says BoeFly CEO Mike Rozman. “We were introduced to Nancy when she was a lender relying on BoeFly to increase her pipeline of business borrowers, and we are so pleased that she shares our vision for bringing greater efficiency to the franchise and small business lending community.”
Carolyn Crockett Joins First Security Bank of Nevada as its Executive Vice President / Chief Lending Officer
“We are delighted and excited to have her lead our lending team at First Security Bank of Nevada, the premier community business bank in our valley”, says Jason Awad, Chairman and CEO.
Calendar
2016 Mid-America Lenders Conference, August 17-18, Houston
America East, August 24-26, Philadelphia
America’s SBDC, September 19-22, Orlando
FLAGGL 2016, September 21-23, Orlando
National Alliance of Commercial Loan Brokers 2nd Annual Conference, October 4-6, Las Vegas
NAGGL Annual Meeting, October 31-November 2, Scottsdale
NADCO Annual Meeting, November 7-10, San Francisco
Ninth Annual Secondary Market Summit, December 5-6, Washington D.C.
The SBIC Summit: Increased Profit, Improved Regulatory Compliance, December 7, Washington D.C.