Alternative small business lender ReadyCap is looking to help military veterans hoping to enter the franchising world. ReadyCap Commercial, LLC has announced “an exclusive military veteran franchise SBA lending program” called the Military Veteran Franchise Business Ownership (MVP) Lending Program.
According to ReadyCap President and military veteran John Moshier, the company will utilize FRANdata’s franchise credit scores (FUND scores) while connecting with “high performing franchises”, to develop a better performing program for veterans, franchises, and all other parties involved.
Edith Wiseman, President of FRANdata explains that “As the largest small business lending company (SBLC) chartered by SBA with a small business loan portfolio of more than $1.0 billion, ReadyCap is well positioned to meet the franchise financing needs of the military veteran community. FRANdata is proud to support ReadyCap in this endeavor.”