Franchising in New England

NEFA Announces: Panel Discussion November 18th, Marriott Hotel Quincy

Keys to Financing Success in the Current Economic Climate!

The financial lending crisis has reached Main Street and NEFA is planning a panel discussion for the next NEFA Meeting November 18th, 2008 at the Marriott Hotel in Quincy, to explore the ramifications of the crisis and how to obtains financing for franchisees and franchise systems.

In today’s economy one of the biggest concerns of a franchise system is how and where to get capital for franchisees to start their business or ways for franchisees to keep it running or to finance their growth.

This panel discussion is very valuable for each member of your finance and franchise development team as well as for existing franchisees, or prospective franchisees interested in expansion.

You will learn how banks and other lending organizations evaluate franchisee loan applications, and the types of funding that is available, even in these unsettled financial times.

Panelist

Anne Rice Hunt, Finance Chief, U.S Small Business Administration

Barbara Arena, CIT Small Business Lending, Senior Regional Account Manager

Bill Rowland, Equity America Mortgage Services

Itamar Chalif, Atlantic Capital Solutions

Tom McDonald, IRA Rollover Solutions

Moderated by: Constantine (Dean) Fournaris, Partner, Wiggin and Dana, Franchise and Distribution

Register Today

Sponsored by:

Just under 50 people attended the March 18th NEFA Meeting. The meeting was held at the Marriott Hotel in Burlington, MA. The featured speaker was Leonard Swartz of the iFranchise Group. The meeting was sponsored by CIT Small Business Lending.

From Left to Right,
Tony Padulo, Papa Gino’s;
Featured Speaker: Leonard Swartz, iFranchise Group;
Robert Rosenberg, Past Chairman Dunkin Donuts and Past President IFA

From Left to Right:

Larry Flaherty: Previously of Kablooms;
Dennis Mullen, Club Z Tutoring, Area Developer,
Ken Cheo, Winfree Sales Training Systems, Franchisee.

Barbara Arena, CIT Small Business Lending,

NEFA Treasurer;
Steve Dubin, PR Works, NEFA President

Michael Dow, Source4;
Carol Ryan, Conceptual Designs

Founded in New Haven, Connecticut in 1934, Wiggin and Dana LLP, NEFA Member, provides first-class legal counsel to an international client base of major corporations and institutions, as well as to private businesses, entrepreneurs, individuals, and families.

In addition, Wiggin and Dana represents national, regional and start-up franchisors and distributors in numerous industries. The firm regularly assists these clients in regulatory, transactional and litigation matters. Wiggin and Dana lawyers assist franchisors in every step of the franchise process – from the creation of the franchise program, regulatory compliance, drafting of franchise-related documents, day-to-day business counseling, enforcement of the terms of the franchise agreement in litigation or arbitration and alternative dispute resolution.

Wiggin and Dana also offers expertise and consultation in a variety of legal areas that relate to franchising and distribution, including employment law, antitrust, vicarious liability, bankruptcy, creditors’ rights, intellectual property, and secured transactions.

The firm has an enviable record in handling the most demanding legal matters, including sophisticated corporate transactions for international clients and complex administrative proceedings, arbitrations, litigation and enforcement actions across the United States. Wiggin and Dana remains committed nonetheless to providing every client, large and small, with the personal attention and expertise of the firm’s partners.

Wiggin and Dana partners take the time to understand each client’s needs and goals and assign to each matter a sensible number of lawyers with appropriate experience and skills. This focused approach enables the firm to provide intelligent, practical and cost-effective counsel.

iggin and Dana is the sponsor of NEFA’s November 11th Meeting.

Sponsorship of dinner meetings by NEFA members is important to NEFA because it allows NEFA to maintain reasonable prices for its dinner meetings.

To be a NEFA Sponsor please contact Jim Coen, jimcoen@nefranchise.org, or 617-469-3002.

IRA Rollover Solutions a NEFA member, offers a program that creates a self-directed retirement structure that permits individuals to actively invest their retirement funds into a franchise or business without taking a taxable distribution or incurring early withdrawal penalties.

Using a IRA as a funding source for new or existing businesses adds significant advantages over debt type financing. Because retirement funds can be structured as an investment into the business, there are no corresponding debts that can increase business overhead.

For more information about using this vechicle to fund a franchise or business purchase contact: Tom McDonald, 877.765.5636, to @irarolloversolutions.com or Rick Cox, 877.765.5636, rick@irarolloversolutions.com.

IRA Rollover Solutions is the sponsor of NEFA’s September 16th Meeting.

Sponsorship of dinner meetings by NEFA members is important to NEFA because it allows NEFA to maintain reasonable prices for its dinner meetings.

To be a NEFA Sponsor please contact Jim Coen, jimcoen@nefranchise.org, or 617-469-3002.