New rating system unveiled for Franchise Capital Access
Franchise information and intelligence specialists, FRANdata, have released a ground breaking tool to assist lenders differentiate credit risk across franchise brands.
The Report uses a proprietary scoring model to evaluate 13 credit risk categories of a franchise brand to deliver a FUND™ score to qualifying brands. The FUND™ Score is a single cumulative score that offers lenders the ability to measure franchise system credit risk using a common scoring model.
Senior franchise lenders from seven different providers were taken through the Franchise Underwriting (FUND™) Report during a full day Franchise Lending Summit earlier this month.
"The lending community continues to embrace the increasing availability of fact based information such as the FUND™ Report on the Australian franchise sector. Making a FUND™ Report available to lenders is a simple and cost effective action Australian brands can take to promote improved finance access for their franchisees," said Frandata Australia CEO Darryn McAuliffe.
Completion of the FUND™ Report is only available to brands that have satisfied the requirements of The Australian Franchise Registry™. Registration and the publicly accessible search function can be accessed online through www.thefranchiseregistry.com.au