Heidi Ganahl, founder of Boulder-based Camp Bow Wow, says although her dog care service franchise is adding locations across the country growth has been stunted by tight financing.
More franchisors are acting as bankers to fund franchise expansion during the current credit crunch, reports journalist Ron Ruggles in the Nation's Restaurant News.
A bill that passed last year to revive the secondary market for Small Business Administration 504 loans will kick off soon in an attempt to unlock credit for franchises and small businesses trying to expand.
The Treasury Department is finalizing a $15 billion initiative to stimulate lending by the Small Business Administration by using funds from the federal bailout program to buy up SBA loans.