Joe Caruso
speaker
4,639 appearances
52 recordings
1 series
first heard May 2010
last heard Oct 2012
Joe Caruso’s voice in public audio — every appearance, attributed to the second.
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Appearances
And I'm talking about franchisors with, you know, thousands of units and major lenders.
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And I think that a lot of great things were discussed.
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I mean, I think one of the main topics that was discussed there that –
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was why isn't there uniformity between the various lending institutions on what information they require?
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were, it would be easy for a borrower to shop the loan.
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It would be easier for various lenders to know what the package is going to look like, but there doesn't seem to be that, and I think that was a great topic that came up there, and it was born out of one of those heated discussions.
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Well, it certainly would make sense from a franchising perspective that a prospective franchisee
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look at the Coleman Report and see where the concepts that they're considering rank.
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It ought to be at least a checkbox on that list.
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Well, certainly for the franchisors that are not monitoring where they rank and the franchisors that are not tracking the various channels of financing that their franchisees have availed themselves of,
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and then they don't have an accurate comparison to the report that you compile.
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It's like
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I think you have to think about the bank executive and their mindset.
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I've heard this comment many times throughout my career that no banker has ever gotten fired for not making a
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Absolutely.
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Oftentimes, they're not looking for yes.
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They're looking at
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the different ways that they can say no so that they can protect their butt.
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Well, let
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I think that's a fair and sincere response, and I don't think it necessarily is being an apologist, but I think what that really emphasizes is that sloppy loan packages, you're guaranteeing your own defeat if you haven't addressed all of those items that you just listed off, all of those concerns that that lender has to use in their calculus to
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Showing 1861–1880 of 4,639 · page 94 of 232
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