IFA Summit on Small Business Lending
Very excited to be participating in the Small Business Lending Summit organized by the International Franchise Association on April 7, 2011. This gathering brings together key leaders of the financial, regulatory, and franchise industry to develop a coordinated and aggressive effort to improve access to capital and spur business growth. Attendees include dineEquity, Dunkin’ Brands, DLA Piper, CIT and National Restaurant Association.
After helping specialty finance companies, banks, private equity firms and companies deal with complex financial transactions for many years, I look forward to sharing my thoughts on how innovative legal structures and technology can be part of the solution to get money flowing. To flow, money needs accurate and reliable data and transparency. In the last credit cycle, money and data flowed with “documents to follow.” But the documents were not there when enforcement was required.
Today, lenders will require that the documents remain “linked” to the data and are always accessible. The key is to reduce the risk to the lenders by better structured deals, franchisor support and document transparency. I will keep you posted on the outcome of the IFA Summit as it has the potential to lay the foundation for a new approach to get the money flowing.