CHARLESTON, S.C. – By the end of this year experts predict there will be 792,000 franchise establishments in the US, outputting $827 billion. The largest segment of the franchising industry is quick service restaurants, comprising over $276 billion, or almost 34 percent. These are huge figures when one also considers that 1 out of every 7 businesses in the US is a franchise.
That’s why Loan Mantra has launched the first online portal to help franchise operators streamline the financing process for franchisees that provides secure financing to a variety of lenders and loan types through one bankable platform. A template landing page sample called Blue Ocean Chicken offers a glimpse at how the system works.
“It’s never been easier to serve up capital,” says Raj Tulshan, founder and partner of Loan Mantra, “Franchise owners needed a financial tool to scale with their needs. That’s why our best-in-class platform gives you the whole menu.”
In addition:
● A more efficient way to gain well-vetted franchisee owners
● A streamlined pre-approval process for your franchisee’s startup/business, leasehold, or equipment financing
● A secure, bankable platform where franchisors/franchisees, lenders and partners work together in real time--anytime, and anywhere
● The ability to white label an end-to-end platform that will funnel multiple franchisee owners to multiple loan products
● And, as always, our technology meets NIST Cybersecurity Rev 5 requirements
Small business owners identify two obstacles to their success: access to capital and financial education. At Loan Mantra, we remove these hurdles. We believe borrowers and operators of all sizes deserve access to the $5.4 trillion marketplace of SMB financial products, lenders, government programs, and services. How? Our end-to-end portal, BLUE (“borrower lender underwriting environment”) is built on decision-tree logic, so borrowers answer questions in the manner they understand best and find the right financial products and lenders. With a few simple clicks, users complete loan origination paperwork; upload documents; connect or communicate with financial partners; and manage their loan process--anytime and anywhere. Our best-in-class FinTech meets NIST v. 500 standards so borrowers can safely store their financial records, making it painless to acquire more financing down the road.
As a minority-owned business, Loan Mantra understands the challenges facing underserved borrowers. Our mantra? To improve the future of human entrepreneurship through best-in-class technology, financial literacy, and commitment to equitable market access. Reach out today at www.loanmantra.com.
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