What is the Franchise Registry?The Franchise Registry lists every franchise in the United States. While its primary purpose is to make lenders aware of your franchise brand, prospective franchisees, government agencies, educational institutions and industry experts use the site to validate that your franchise is a viable and thriving company.
How to get your brand listed? In order to have your brand listed, you must submit your Franchise Disclosure Document (FDD) so that we can verify that you are a franchise. We will also need your headquarter address and contact information for at least one primary contact (you may add others at any time.)
How much does it cost? There is no cost to get a basic listing on the Franchise Registry website – you simply need to be validated as a franchise which is done by submitting your FDD. Once you have a logon, you may take advantage of several additional tools and services (see below) to help your franchisees get financing some of which may have a fee. For more information, contact FRANdata.
Accelerate and Improve Franchisee FinancingThe Franchise Registry is where lenders come to do franchise financing. When your prospective franchisees are ready to open their unit, or when your existing franchisees need to refinance, your franchise needs to be included on the Franchise Registry if you want lenders to make the loan.
Franchise Financing Services Offered on the Franchise Registry:
- SBA Eligibility Review Service: Make it as easy and fast as possible for your franchisees to get SBA-guaranteed loans by having your agreements reviewed to ensure eligibility. By having your agreements reviewed and approved on the Franchise Registry, lenders can come to the site to download the paperwork they need without the time and expense of doing additional reviews. Many lenders, in fact, require that your agreements are reviewed this way.
- BCR Services: Lenders consider loan packages that do not have any information about the franchise system to be high risk and they are reluctant to make the deals. A Bank Credit Report (BCR) on your franchise system provides lenders the information they need to overcome their risk concerns. Endorsed by major lending institutions such as Bank of America, TD Bank, The Bancorp and others, the reports are beginning to be a requirement for franchise lending. As part of having FRANdata produce a BCR for your brand, you also get our loan support services to help answer any and all question from lenders while they underwrite the loan for your franchisee.
- Find A Lender Services: One of the more difficult parts of getting financing is simply finding an appropriate lender. The Franchise Registry website serves the entire small business lending community; thousands of lenders use the site each month to find and underwrite franchise loans. The Find-A-Lender matchmaking service puts you in touch with lenders who want to make loans to your franchisees. You can find individual banks for individual borrowers or develop a long-term, nationwide lending partner to help your entire system.