IFA featured on Bloomberg radio to discuss partnership with the lending community

 

 

IFA’s President & CEO Steve Caldeira joined BoeFly’s Co- President Mike Rozman on Bloomberg Radio to discuss how the IFA is teaming up with the lending community to better understand the individual issues and to collectively look for opportunities to grow. 

BoeFly, an online marketplace that connects business borrowers with lenders, is helping educate businesses on what they need to do to get ready to walk into a bank. “It is a frustrating process to go through to get a business loan, so helping match-up those borrowers with the right lenders is important,” says Rozman.  “Along the way, franchisors wanted a solution that would help all their franchises at one time, so BoeFly is helping deliver specific needs that will help financially.”

Although the new lending index that IFA released at its Small Business Lending Summit last week shows lending is stronger today than it was a year ago, Steve Caldeira reports that, “we still fell short of our 2.5 percent growth last year and because of that 82,000 jobs were not created.” The ongoing uncertainty in the economy has franchisees and investors sitting on the sidelines.  “People are waiting to see what happens with tax reform, the election and the healthcare bill,” says Caldeira.  “That is why it was critical for the IFA to bring 300 lenders, borrowers and regulators together to spring credit access to franchises.”

The index will continue to give a good read on how strong the industry is doing, which will allow a better understanding of what is working.  “Having consistent information that gives a historical perspective using data from BoeFly as well as the SBA is the first step,” says Rozman.  Yet franchising continues to grow, and for every million dollars of lending to franchising 34 new jobs are created.  “We had to do something to loosen commercial credit,” Caldeira explains.  “Creating relationships with the lending community is the first step to understanding the challenges that we all face in this economy.”

Click here to listen to the full interview.

Sharing Franchising’s Economic Significance with Members of Congress

 

 

Be part of the anticipated 500-plus franchise industry representatives to make the case for franchising’s ability to create jobs and spur economic recovery during the 2012 Public Affairs Conference this fall.  On Sept. 10-11 in Washington, D.C., the International Franchise Association’s annual fly-in will provide members of the franchise industry—franchisees, franchisors and suppliers—with the opportunity to educate federal lawmakers about issues affecting the ability of franchise businesses to contribute to local communities through job creation. 

Issues of priority for the franchise business community will focus on:

  • Access to capital
  • Labor
  • Health care

Franchise business leaders will gather and hear from policymakers, congressional leaders and IFA staff to learn more about policy issues in Washington, which are critically important in a presidential election year. Following sessions designed to prepare attendees to meet with their respective legislators, these franchise leaders will visit their members of Congress to provide their personal perspectives on what makes franchising work.

2011 Public Affairs Conference at a Glance:

In addition to the discussion of priority issues will be a session on the status of comprehensive tax reform measures and expect a lively exchange among a panel of reporters who make Capitol Hill their beat.

The event will also showcase the association’s selection for its Legislator of the Year Award, which is presented annually to a member of Congress who has promoted legislation that protects, enhances and promotes franchising. 

ADP is the founding sponsor of IFA’s Public Affairs Conference and is the proud sponsor of the Franchisee of the Year Awards, which are presented during the conference to the industry’s most innovative and best performing franchisees.

There is no registration fee for this event, so mark your calendar now and plan to join us this September in Washington, D.C. Various IFA committee meetings are also scheduled Sept. 9, 10 and 12. 

IFA’s Public Affairs Conference earns 100 participation credits for Certified Franchise Executives’ candidates and CFEs seeking recertification credits.

IFA will share additional program and registration information as they become available.  In the meantime, visit www.franchise.org for details.

Senator Mike Enzi of Wyoming speaks out against the National Labor Relations Board’s “Ambush Election” rule

 

 

Senator Mike Enzi of Wyoming speaks out against the National Labor Relations Board’s “Ambush Election” rule. The rule poses a threat to both employees and employers by limiting employees’ opportunity to hear from employers and make an informed choice as well as diminishing employers’ due process. The IFA urged Senators to support S. J. Res. 36, a joint resolution providing for congressional disapproval and nullification of the National Labor Relations Board’s (NLRB) rule related to representation election procedures. To view IFA’s Action Alert abd support Support S.J. Res. 36 click here.

To view a copy of IFA’s Key Vote letter click here.

Lending Summit Highlights Progress in Small-Business Lending

 

 

Progress is being made, but lending gaps remain.

 

An expanded coalition of trade groups representing the financial services and small-business communities announced April 17 an expanded private-sector partnership to strengthen small-business lending and spur job creation at International Franchise Association’s 2nd annual Small Business Lending Summit.

The summit was conducted in Washington, D.C. with nearly 300 franchise business, lending and policymaking leaders in attendance.

IFA President and CEO Steve Caldeira, CFE, welcomed attendees by reminding them that “Small businesses create 64 percent of all net new jobs in America” and “we urgently need to expedite our nation’s economic recovery.”  Definite progress is being made, said Caldeira, represented by “loan volume increasing by nearly 12 percent to franchise small businesses, from 8.4 billion to 9.5 billion dollars since last year.” And National Association of Government Guaranteed Lenders President and CEO Tony Wilkinson described the summit as “not an event, but a process.”

The groups, including the Consumer Bankers Association, Financial Services Roundtable and the National Association of Government Guaranteed Lenders, cited regulations as a key factor impacting their ability to make loans and access capital.

Steve Bartlett, president and CEO of the Financial Services Roundtable, said that “Washington loves conflict,” but this time there are no conflicts and neither are there two sides.  “Bankers have the need to lend” and “businesses have the need to borrow,” and “regulators need to make that happen because that is what finances the economy.” 

In addressing issues of uncertainty in today’s lending landscape, Consumer Bankers Association President Richard Hunt included taxes, health care and the upcoming elections, but said, “Our banks stand with you ready to lend.”  Hunt announced that CBA and IFA will release a Franchise Lending Template to ease the loan application process. “No more red tape.  No more bureaucratic bank by bank, franchisee by franchise verbiage.  This is the one document that everyone can use at his disposal.”

In describing the state of small business today, IFA Educational Foundation President John Reynolds, CFE, said indications point to the health and vitality of the franchise sector and the last 12 months show a steady climb, but lending hasn’t kept pace with the needs of franchise businesses.  As a result, an 18.6 percent lending gap will deprive the nation of 94,000 new jobs and $12.9 billion of gross domestic output this year.

National Federation of Independent Businesses Chief Economist William Dunkelberg said the people have no confidence in government policy and Gallup Chief Economic Dennis Jacobe said consumer confidence is the highest it’s been in the past four years at 24, but the normal is 100.

To view the Small Business Lending presentation click here.

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Lending Summit highlights progress in small business lending, though gaps remain

An expanded coalition of trade groups representing the financial services and small business communities today announced an expanded private-sector partnership to strengthen small business lending and spur job creation at IFA’s 2nd annual Small Business Lending Summit.

The groups, including the Consumer Bankers Association, Financial Services Roundtable and the National Association of Government Guaranteed Lenders, cited regulations as a key factor impacting their ability to make loans and access capital.

The groups called on policymakers to hear about the challenges small businesses and lenders are facing in the current economic and regulatory environment. Speaking at the summit, SBA Administrator Karen Mills praised the IFA for its support of SBA lending programs, reporting the SBA has guaranteed $5.3 billion in loans to 5,200 franchisees during her tenure. House Majority Whip Kevin McCarthy said the rulemaking from the Dodd-Frank financial reform law needed to be slowed down in order to free up capital for small business loans.

Some of the media coverage of the Small Business Lending Summit is below:

At the Summit, IFA released a new report that shows a bank lending shortfall could cost the franchise industry 94,000 jobs. Jon Luther, IFA Chairman and Chairman of the Board for Dunkin’ Brands and Arby’s International, joined CNBC’s Squawk Box and Fox Business to discuss how the IFA is helping the small business community recover from the lending crisis. ”Franchises have a very high success rate and everyone coming together at the summit aides the world of franchising,” Luther says. There is a high demand for franchising because the formula for franchising is a workable formula that has been proven and tested and there is a high success rate when opening a franchise store Read more

IFA also announced two new strategic partnerships at the Summit. An IFA/BoeFly monthly Franchise Lending Matrix was released, showing franchise lending improving steadily for the last 12 months. Through its alliance with Guidant Financial, IFA and Guidant will jointly develop and conduct educational programs focused on credit access for franchise businesses.

Posted by Matt Haller, IFA Sr. Director of Communications

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