Lending lockdown leads franchisors to get creative

Lending lockdown leads franchisors to get creative

Dan Stone, director of franchise sales at The Melting Pot, a 140-unit-plus casual-dining chain, had spent months courting national lender CIT Group to garner preferential treatment for the fondue chain’s franchisees.

He wrote letters to CIT’s head of small-business lending, Christine Reilly, and the Tampa, Fla.-based franchisor even agreed to make payments and run the restaurants of franchisees that default on loans for a

Register to view the full article

Register to view this article

Already a member? .

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.