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In The Money

Loans to franchisees are up.

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This story appears in the June 1998 issue of Entrepreneur. Subscribe »

Commercial Capital Corp., a leading New York City-based small-business lender, expects to increase the number of loans it makes to franchisees to a level representing 30 percent to 50 percent of its lending activity.

One of 14 lenders licensed to issue SBA-guaranteed loans, Commercial Capital approved about 300 loans averaging $250,000 and totaling approximately $70 million in 1997. More than one-third of the loans went to new franchisees.

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