LeaseQ Announces Franchise Financing Platform at IFE 2016



LeaseQ announced the LeaseQ Franchise Platform, a financing platform built specifically for franchise industry borrowers, at the International Financing Expo.

The platform will provide instant quotes for franchise industry borrowers with A++ to D credit, using a single application and soft credit pull. LeaseQ has partnered with the equipment financing companies in the franchise industry, such as Direct Connect Franchise Financing, a division of premier SBA leader Direct Connect Ventures, to provide competitive rates across a broad spectrum of financial and equipment needs, including new store openings and startup financing; refurbish and refresh financing; sale leaseback, soft cost and installation financing and custom financial solutions for new and existing concepts.

“We are essentially bringing captive financing as a service to the franchise market,” said Cory Damm, vice president of client services and general manager of fitness and food and beverage vertical market groups at LeaseQ. “The LeaseQ Franchise Platform is custom built to ease the financing process for franchisees, and for franchisors who want to offer a complete, robust financing solution to their franchise base.”

The franchise industry is growing faster than the general U.S. economy with no sign of slowing down anytime soon, according to the International Franchise Association (IFA). There are 800,000 franchise businesses generating $550 billion in sales today. Financing or leasing equipment is can be a beneficial way to manage cash flow despite many financial requirements, including franchise fees, buildout costs, royalties, marketing, tenant improvement, equipment purchase and operating capital.

“We are excited to partner with LeaseQ and add yet another financing solution to its portfolio for the benefit of franchise industry borrowers,” said Anthony Byrd, executive vice president of financing solutions at Direct Connect Ventures. “DCV and LeaseQ share a tremendous passion for excellent customer experience that we look forward to offering every new client.”


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