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Oklahoma Company Express Offers Franchisees Capital to Get Business Started

NewsOK (01/11/13) Bailey Brianna

Express Employment Professionals is giving its first 30 new franchisees this year $30,000 each in working capital to help then overcome the lack of funding available for startup companies. Despite an improving lending climate last year, lending is still down. According to the International Franchise Association’s Educational Foundation, franchisees sought $11.72 billion in lending capital last year, but banks supplied only $9.5 billion. The Express initiative is designed to allow new franchisees to get their businesses running faster despite the lending crisis.