Ron Feldman

speaker
3,922 appearances 11 recordings 1 series first heard Jun 2010 last heard Dec 2020

Ron Feldman’s voice in public audio — every appearance, attributed to the second.

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So
ears open for that.
In terms of getting too loose, there's a lot of competition right now for great deals.
And I see by too loose.
I mean, it's good for the borrower because banks are competing at a very high level and borrowers are getting terms that are very favorable.
If you are a high level performer in a great brand, I mean, it's,
We talked last year with the whole movement, the 99% and the 1%.
The 1%, I would say even the 10% that are the top 10 percentile in franchising are doing really well.
Top 20% are doing very well.
And then the top half are really not having issues relative to capital access unless there are some other factors or
they're not presenting their financial statements properly.
Yes, we just started a program with Papa Murphy's.
They're our newest brand.
That program is a brand-specific program lending opportunity for franchise companies that have great unit-level economics.
to get predictable access to money, using that word, certain access to money, should their prospects and their existing franchisees meet metrics that we come up with collaboratively with the franchisor.
So we've got low 20s in brands in the program.
We are doing very well in terms of helping those franchise companies advance
add new franchisees, and especially having existing franchisees add more units.
It is a program that we're looking to expand.
We'd like to have five to ten more brands in it, and we're out there looking.
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