As fears of credit freezes abound, according to this article, one company known for its drive-in restaurants, has said it will have financing sources available for its franchisees. Sonic Corp "said the current state of the U.S. economy was challenging and could become more so, but that Sonic and its franchisees "are positioned for future growth and increased development." Responding to news reports about the impact of tighter credit markets on its franchisees, Sonic said said that "it has not been informed of any cut-back in franchisee financing."
Sunday, October 12, 2008
Franchisee Financing
As fears of credit freezes abound, according to this article, one company known for its drive-in restaurants, has said it will have financing sources available for its franchisees. Sonic Corp "said the current state of the U.S. economy was challenging and could become more so, but that Sonic and its franchisees "are positioned for future growth and increased development." Responding to news reports about the impact of tighter credit markets on its franchisees, Sonic said said that "it has not been informed of any cut-back in franchisee financing."
