The United Franchise Group (UFG), the global leader for entrepreneurs, today announced that after the recent success of its franchisee lending program with Franchise Finance, it has now been increased from $5 Million to $10 million. The program aims to facilitate growth by lending financial support to new and existing UFG franchisees, while offering exclusive access to development capital. Franchise Finance has established national finance programs with only the top 10% of all franchise concepts.
â€œWe are very excited about our continued partnership with Franchise Finance and the increase in available lending capital for our prospective franchisees,â€ said Ray Titus, CEO of United Franchise Group. â€œIn only three months of working with Franchise Finance, we have received over 60 applications and nearly 40 of them have already been approved, which has allowed our candidates, who would have otherwise had a difficult time securing capital, to launch their own business.â€