Are Canadian franchise bankers capable of engaging in “cartel-style anticompetitive corruption” in their $100-billion sales per year marketplace?
Every current or former Canadian franchisee who has had a Canada Small Business Financing loan may want to ask themselves some questions. My posts at FranchiseBanker.ca (specifically: Banker “everybody is doing it” corruption admitted in the LIBOR scandal) might help frame your thoughts.
Without the Canada Small Business Financing program, many fewer deadbeat franchises would have been sold in the last 20 years.
Industry Canada asked me to jot down my concerns a few years ago.
Franchising Opportunism, a 20 page non-technical paper, was the result.
