Expert financial advice, content, and strategies for your franchise business
As a franchisee, you likely know just how imperative it is to keep control over all of your finances. However, it’s surprisingly easy to pick up some bad habits and waste money with unnecessary expenses.
While applying for a loan can be a nerve-wracking experience for franchise owners, the period of time that comes afterward can be just as tense. This is underwriting, the process in which a lender puts all of your financial information under the microscope to assess the risk of taking you on as a borrower and your overall capacity to pay on a monthly basis.