U.S. Franchise Loan Defaults Soar in 2001

  • ---Shares

New York City-Defaults on loans to U.S. franchise operators of fast-food chains and gas stations soared this year, due to a slumping economy and aggressive lending practices, according to bond rating service Fitch Investors. More than $900 million of franchise loans were in default for the 12-month period that ended in September, compared with $200 million a year earlier.

Fitch attributes the increase in defaults to the slumping economy and relaxed lending requirements. -Reuters

Next Article:
6 Amazing Tips on Turning Real Estate In...

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.