Franchises expected to add 200,000 jobs in 2014

LOGO_Altoona_MirrorFranchise watchers expect 2014 to be a good year for franchise starts and franchise jobs. “Franchises are expected to add nearly 200,000 new jobs in 2014 and the number of franchise businesses in 2014 is expected to rise by 12,915 in 2014, bringing total establishments to 770,368.”

Here’s the rest of the article.

~ Norris Lozano, CEO of BusinessUS, a small bank lender with a Focus on Franchises

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Franchise job market posts strong gains

Tire_Business_dot_com_LogoAn article in Tire Business notes that “Throughout 2013, the franchise industry added 229,000 new jobs, which represents nearly 11 percent of all new jobs created in the U.S., based on our data. Year over year, the rate of employment growth among franchise businesses was 2.9 percent, outpacing the national average of 1.9 percent by a full percentage point.”

“We’re pleased to see continued growth in jobs and business opportunity in the franchise sector,” notes Norris Lozano, CEO of BusinessUS, a national non-bank lender with a focus on franchise lending. “Supporting franchise growth will continue to be a focus of our work at BusinessUS.”

BusinessUS and Franchise Lending

bigstock-ATHENS-GEORGIA--APRIL---Ex-44947213If you want to open a franchise, chances are you are having trouble getting a loan. The International Franchise Association (IFA) estimates a more than $2 billion “franchise lending gap” that includes 1,000 franchises not funded, and 94,000 jobs not created.

“Small businesses generally, and franchises in particular, are terrific job creators. A typical franchise generates 21 direct and indirect jobs and over $1 million in economic impact in its community,” says Norris Lozano, CEO of BusinessUS. “We see franchises as a core vertical market to help us create American jobs and growth.”

Lack of capital availability affects franchisees who need to build or expand their businesses, as well as franchisors, whose growth is limited due to downstream constraints on lending capital.

Jamal Mashburn and Norris Lozano are leading BusinessUS outreach to leaders in the franchise industry, solving these challenges and providing new sources of capital with our specialized franchise programs.

Contact BusinessUS for further information.

Jamal Mashburn is a role model for athletes in business

jamalmashburn_D_20130911152954Former NBA All-Star Jamal Mashburnis featured in a new Bleacher Report article about athletes and franchising. And it’s no wonder: Mashburn is one of the most successful former pro-athlete / franchisees, with about 80 stores nationwide.

IN the BR piece, Mashburn is quoted extensively about his experiences in franchising. The 6’9″ former All-Star ” first got into franchising in 1997 when he met Chris Sullivan, one of the founders of Outback Steakhouse. Ever since Mashburn was a teenager, intrigued by people holding briefcases on their way to work, he was always thinking about a business career beyond basketball.”

Being recognized for his business expertise is highly rewarding. “I want to continue my legacy as a businessman. It gives people a chance to see me as more than just a former pro athlete.”