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Direct Capital, a nationwide provider of franchise financing, announced today that it will commit $300 million in 2013 to help fuel the growth of the franchise sector. The contribution will help continue to build new programs and alleviate the challenges often faced by franchisees. ”Franchisees and franchisors are looking for a strong partner that has not only the capability to lend, but the experience to get the funding quickly deployed to the franchisees who need it for store development, remodels and equipment upgrades,” said Robyn Gault, Vice President of Strategic Accounts at Direct Capital. “Our deep experience lending to franchisees over the last 20 years makes us a long-standing, reliable lending source for our brand partners.” The franchise industry is projected to grow by about 4% in 2013, and is currently one of the largest industries in the U.S. Direct Capital believes that affordable financing options for franchisees will help to spur additional growth within the industry. Founded in 1993, Direct Capital provides financing for small-to-mid ticket equipment, franchise remodels and technology purchases, working capital and business loans. For more info, click here
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