Entrepreneur

What Franchises Should Look for In a Bank

Industry vets offer up advice on finding the financial and lending partner that works for your business.
Source: Nuthawut Somsuk | Getty Images
Nuthawut Somsuk | Getty Images

1. Find a Bank You Can Grow With 

From James Short, director of food franchise finance, BBVA Compass

Our -specific team exists as a vertical system within the bank, which means when people come to us looking for , we start off with a Small Business Administration program that will finance. So franchisees can have a full life cycle within our bank. 

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur4 min read
Daiso Industries Co., Ltd.
According to the latest Global Innovation Index (GII), Japan is the 13th most innovative country in the world and the fourth most in its region. Dubbed a ‘world innovation leader’ in the 2023 GII, Japan ranks as part of a select few high-income count
Entrepreneur2 min read
Nippon Rent-A-Car
Japan’s economy will pick up pace in 2024, according to the Economist Intelligence Unit – echoing widespread optimism about the world’s third-largest economy. Tourism is one of many sectors rebounding after the covid-19 pandemic, with inbound visitor
Entrepreneur5 min readCorporate Finance
How to Build the Next Huge Thing
Want to start, fund, and sell a major company? Spencer Rascoff has some advice on that—because he’s seen it from all sides. As a founder, he first cofounded the travel-booking site Hotwire, which he sold to Expedia. He then cofounded Zillow, which he

Related Books & Audiobooks