Sign Franchise Reduces Fees


employment sign

From PE.com: Any of the thousands losing jobs in the current downturn are looking to franchising, with the goal of leading their own business ventures.

At the same, however, a nationwide credit crunch is limiting the financing options for those looking to become franchisees of established national companies.

With banks pulling back on lending, experts say some franchisors are attempting to meet prospective franchisees halfway, helping to arrange financing and discounting certain fees, provided franchisees otherwise have their financial house in order.

"When the economy is down, you always have an increase in people showing interest in starting their own businesses, and we usually see an increase in franchise applications," said Brian Wieters, director of franchise development for FastSigns, the sign franchise headquartered in Dallas.

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