Perhaps I should have mentioned first that often, the success of an
business equity loan depends on the knowledge of the franchisee. Don had been employed as a manager in his old company and has also worked as an accountant. His valuable experience has enabled him to pass the critical eye of the bank when it comes to loans and collaterals. If you don't have a business or managerial experience, and the bank somehow sees this as a reason to refuse your loan, then have someone back you up financially, to assure the bank that it will not stand on the losing side when your franchise goes to the dogs.
