Bob Coleman
speaker
955 appearances
2 recordings
1 series
first heard Jan 2012
last heard Mar 2012
Bob Coleman’s voice in public audio — every appearance, attributed to the second.
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Appearances
But your system is going to be judged on the performance of those SBA loans.
And unfortunately, someone says, well, Bob, how come you can't incorporate all the conventional lending or how they're doing as a whole?
And my response is, you know what, guys, that's something the franchisor needs to do.
I don't have access to that information.
Chase is not going to give me their portfolio information.
for me to analyze and go through it.
They tend to hold that close to the vest.
SBA, we have those numbers, and appropriately so.
Why?
It's a government guarantee to the bank, and government, oh, it's public, and so that should be a public record, and it is.
So we have that.
So the very first thing when I talk to the franchisors, when I talk to the CFOs, you make sure that you clearly understand and go through for the past 10 years on how those systems perform.
And if they closed, why did they close?
Was the loan paid off?
And give those statistics to the lender.
And it's part of the education process.
So back to your question, that coding is very, very clear.
And for the people on the line, there's something out of their control.
But what is not out of their control today is when you, going back to that example of that subway shop in Yuma,
When they walked in five years ago, they just wanted to have the subway information or the franchisee information.
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