LeaseQ Franchise Platform offers instant quotes and lender programs specific to franchises’ unique requirements
NEW YORK CITY (June 17, 2016) – LeaseQ, an online marketplace that connects business owners, equipment sellers, and lenders to make selling and financing equipment fast and easy, today announced the LeaseQ Franchise Platform, a financing platform built specifically for franchise industry borrowers. Designed to address the unique requirements of franchises opening a new store, remodeling or refreshing an existing concept, the LeaseQ Franchise Platform was unveiled today at the International Financing Expo (IFE), the largest franchise expo in the country.
The LeaseQ Franchise Platform provides instant quotes for franchise industry borrowers with A++ to D credit, using a single application and soft credit pull. LeaseQ has partnered with the leading equipment financing companies in the franchise industry, such as Direct Connect Franchise Financing, a division of premier SBA leader Direct Connect Ventures (DCV), to provide competitive rates across a broad spectrum of financial and equipment needs, including:
- New store openings and startup financing
- Refurbish and refresh financing
- Sale leaseback, soft cost and installation financing
- Custom financial solutions for new and existing concepts
- 1-7 year terms
“We are essentially bringing captive financing as a service to the franchise market,” said Cory Damm, vice president of client services and general manager of fitness and food & beverage vertical market groups at LeaseQ. “The LeaseQ Franchise Platform is custom built to ease the financing process for franchisees, and for franchisors who want to offer a complete, robust financing solution to their franchise base.”
The franchise industry is growing faster than the general U.S. economy with no sign of slowing down anytime soon, according to the International Franchise Association (IFA). There are 800,000 franchise businesses generating $550 billion in sales today. Financing or leasing equipment is the best way for franchises to manage cash flow despite their many financial requirements: franchise fees, buildout costs, royalties, marketing, tenant improvement, equipment purchase and operating capital.
“We are excited to partner with LeaseQ and add yet another financing solution to its portfolio for the benefit of franchise industry borrowers,” said Anthony Byrd, executive vice president of financing solutions at Direct Connect Ventures. “DCV and LeaseQ share a tremendous passion for excellent customer experience that we look forward to offering every new client.”
For more information about the LeaseQ Franchise Platform, perfect for all franchise types from food and beverage, to fitness and construction, visit www.leaseq.com/franchise.
To learn more about LeaseQ and Direct Connect Franchise Financing, stop by Booth #431 at #IFE2016.
LeaseQ Franchise Platform Testimonials
“We’re in expansion mode, and having LeaseQ as a consistent financing partner to help franchise candidates ultimately become franchisees is critical for growing at a quick rate. We’re projecting 80 percent growth over the next year.” – Ben Woodruff, VP of franchise development at Woops!, the nation’s premier macaron franchise.
“As a startup franchisor, I can go to a new franchisee and say, ‘If you meet these requirements, I can get you funding.’ And I can say that with confidence because I know LeaseQ can deliver.” – Christopher Talley, executive vice president at NOLA Poboys, a fast casual restaurant chain serving traditional po-boy sandwiches.
LeaseQ is an online marketplace that connects businesses, equipment sellers, and equipment finance companies to make selling and financing equipment fast and easy. The LeaseQ platform is a free, cloud-based SaaS solution with a suite of on-demand software and data solutions for the equipment leasing industry. LeaseQ provides business process optimization (BPO) and information services that streamline the purchase and financing of business equipment across a broad array of vertical industry segments. Learn more at www.leaseq.com.
About Direct Connect Franchise Financing
Direct Connect Franchise Financing is a division of Direct Connect Ventures (DCV), a premier leader in Small Business Administration (SBA) financing. DCV places financing for franchise and independent business ventures, with a success rate of 100 percent and decades of experience working with all SBA products, equipment leasing programs, securities based financing, unsecured credit and best practices when using retirement rollover products. Learn more at www.dcv-inc.com.
About International Franchise Expo
The International Franchise Expo (IFE) is the premier annual event for the franchise industry. From domestic or international expansion to selling single units, area developments or master franchises, the International Franchise Expo is the industry’s one stop franchise event. Learn more at www.ifeinfo.com.
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