With the global economy in turmoil and banks reluctant to lend to even the most well-heeled organizations—or even to other banks!—it looks like next year could be tough sledding for the franchising industry. And it could be even tougher for chains that have pinned their hopes on refranchising their existing company-owned restaurants to raise needed capital. Prior to the financial meltdown, bankers already regarded lending to restaurants as risky business; what are they thinking now? ...
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