Denver franchise execs host first-ever “lending bootcamp”

Leaders of the nation’s small business credit access campaign arrived in Denver July 19 for Faegre & Benson’s first-ever “lending bootcamp” spearheaded by Faegre partner and IFA Supplier Forum board member Kevin Hein as part of the FBN’s annual dinner at the Denver Country Club.

IFA Credit Access Task Force Chairman and Dairy Queen franchisee Bill Hall, board members Shelly Sun, co-founder of BrightStar Care, Inc., and Darrell Johnson, President & CEO of FRANdata, headlined the event, drawing support from finance leaders such as U.S. Bank SBA Division President Julie T. Huston of San Diego, Mike Owen, COO of CDC Small Business, which has provided more than $8 billion in SBA lending. Huston and Owen represented the National Association of Government Guaranteed Lenders (NAGGL) and the National Association of Development Companies (NADCO), the trade association for the nation’s Certified Development Companies (CDCs), lenders certified by the U.S. Small Business Administration (SBA) to provide financing to small businesses through 7(a) and 504 programs.

The seminar of strategies and solutions to the financing dilemma included David Nayor, Executive Vice President of BoeFly LLC, the online lending source for franchising, and David Nilssen, founder of Guidant Financial, which offers tax-advantaged financing strategies for business leaders.

“This was an unprecedented event in Denver,” said Faegre’s Hein. “We are grateful for the impressive response to our ‘lending bootcamp’ and are proud to bring together the nation’s lending and franchise leaders to improve credit access for franchisors and franchisees.”

IFA President & CEO Steve Caldeira has led the effort to address franchising’s number-one issue, which will be the focus of this year’s IFA Public Affairs Conference Sept. 13-14 in Washington.

“It’s great to see leaders like Kevin Hein and Faegre taking the IFA’s Credit Access Campaign across the country,” said IFA Credit Access and Dairy Queen franchisee Hall. “Franchisees, franchisors and lenders are looking for this kind of leadership. The education and the networking are critical to help create the jobs our country needs.”

“As a franchisor, I know that all of us need to be engaged in innovative approaches to help our industry grow,” said Sun. “I am proud to be part of the effort.” Sun was quoted in The Washington Post days after the event on her views on the U.S. economic outlook.

Faegre & Benson’s annual Franchise Summit, led by partner and IFA Credit Access Working Group member Brian Schnell, takes place Aug. 11-12 in Minneapolis with a focus on accessing credit and financing solutions.

More information here.