Franchise Update Magazine Issue I, 2012 | Page 23

Is Your franchIse sYstem credItworthY? You may think so, but do lenders? When a bank considers your mortgage application, it looks at your credit history. When a lender considers your franchisee’s loan, it looks at your Bank Credit Report. The Bank Credit Report (BCR) A Bank Credit Report (BCR) addresses lender’s questions about the creditworthiness of your franchise system. In the current conservative lendi