When you get voted #1, especially by the people who matter the most, you celebrate. At FranFund, we are in full celebration mode this week! We want to thank everyone who voted and helped name us #1 on Entrepreneur Magazine’s Annual Franchise Industry Supplier Ranking.
Why is the ranking meaningful?
First, it means franchisors trust us. We know that securing franchise financing can be a complicated, daunting process. Our goal is to simplify this process for every client and provide the best service possible.
Second, it reflects our growth. The voters put us ahead of established global bank brands, and helped us rise from the #6 spot last year, to #1 in the “Best in Service” ranking of franchise industry suppliers.
Our founder and CEO, Geoff Seiber, says it best: "Helping franchisees overcome financing obstacles and realize their dreams of business ownership is gratifying on its own. Knowing that franchisors trust us most to help get their franchisees up and running is truly rewarding. The recognition as their funding partner of choice validates our unique approach and commitment to personalized customer experiences."
How is the ranking determined?
Entrepreneur Magazine surveyed hundreds of franchisors - from brand-new companies just jumping into franchising to top-ranked Franchise 500® brands with thousands of locations – to find out which suppliers they do business with and how satisfied they are with them. Suppliers were then scored based on how many franchisors reported using them and their satisfaction ratings. The final ranking consists of the top-scoring suppliers in each of ten categories: accounting, banking/financing, franchise brokers, franchise consulting/development, legal services, marketing, merchant services, other technology services, public relations and real estate services.
How are we celebrating?
We planned a company-wide celebration complete with custom t-shirts and champagne glasses for the occasion. All of us at FranFund want to thank those who voted for us and those who trust us with their franchise financing. Thank you for this special honor.
Are you ready to work with FranFund? See the funding amount you qualify for and estimate your start-up costs or monthly loan payments with one of our calculators.