Some of big name franchises that were part of the list includes, Subway, Quiznos, Curves for Women and Cold Stone Creamery, just to name a few. Quiznos led the pack with over 100 plus defaults.

Those franchises with the highest, as a percentage of SBA guarantee loan defaults since 2000 are, Mr. Goodcents Subs and Pasta, Philly Connection Sandwiches, All Tune and Lube, Carvel and Blimpie. Clearly those intending to get into a franchise will need to do their due diligence and see how their prospective franchise is doing in the market place and are existing stores able to meet their terms of repayment. Clearly SBA lenders will be reviewing applications with fine toothcomb before bringing requests for funding to their approval committee.

Opportunities still do exist and for those who want to strike out on their own and successful launch and operate a franchise business funding is still available. If you have found the perfect franchise and are looking for $100k to $200k contact us a financing.org for a free consultation.

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Bad credit is sadly becoming a fact of life as the credit crunch bites. If you need a loan but you do not have any collateral with which to secure a lower interest loan, you may have to start off with a bad credit loan; consolidation of your bad credit can soon follow as you’re tempted to take out a credit card or two to tide you over between checks – after all, you have to live, right? A bad credit credit card can be either secured or unsecured, depending on whether or not you own a home.

The reality is that a lot of people simply do not have the money to pay for what they want and need in life like a car. If you already have bad credit – as people start early defaulting on their payments these days – then they will probably need to take out a bad credit credit card; this kind of debt consolidation can help you because you can bring all your debts together and begin to pay them off in one monthly payment. That gives you financial peace of mind and lets you enjoy your life again, so long as you are sensible and don’t continue to run up ever higher debts on the credit card.

A bad credit credit card consolidation deal can solve one of the problems of bad credit loans – high interest rates on your repayments. Consolidating your debts by placing them with one lender can often induce them to offer you a lower interest rate but you need to shop around, as many bad credit credit cards are only offered at a high interest rate as you have already proved yourself to be a bit of a risk by running up bad credit in the past.

Consolidation of your debt onto one credit card should, however, simplify things for you. It should mean that you don’t owe money elsewhere and so long as you are careful and don’t go on running up debts, this arrangement should give you the breathing space you need to sort out your finances. If you find the right bad credit credit card for you, you will find a loan company willing to lend you money for things you need, at an interest rate you can afford.

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Some 85% of banks have tightened standards on small business loans over the past three months, according to the Federal Reserve. Plus, home-equity lines are being frozen and credit-card limits are being slashed.

To finance a start-up today, “prepare a good business plan with revenue projections for the current economic climate,” says Eric Zarnikow, director of capital access for the Small Business Administration (SBA). Then expect to hit up several sources…

This is the first of multiple posts regarding options available in businesses funding. Some are better than others and Financing.org can assist your business even if you are a startup. Our Financing programs can help you from the early days of your business, and don’t require you to bring two years or more of business operations and financials to the table.
Give us a call at 800-924-7298 to fund from $25k to $250k or more.

Click here to read more on funding options for your business.

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President Barack Obama will require banks to boost lending to consumers and companies in return for taxpayer aid from the $700 billion bailout fund, in a departure from Bush administration policy, a key lawmaker said.

“You’re going to see the Obama administration,” learning lessons from the first phase of the program, “push for much more lending,” House Financial Services Committee Chairman Barney Frank, who helped write the financial-rescue law, said yesterday on ABC television’s This Week program. “There are going to be some real rules in there.”

Here at Financing.org we believe that this is a clear message from the new administration to the banks as well as business that action on a grand scale is needed to restart the US economy and one of the key components is to have much of the remaining TARP funds earmarked for business in the form of credit lines and loans. Whether you have an existing business or a startup, now is the moment to move your business financing forward.

Read the rest of this story here at Bloomberg.

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