When providing credit references for a Bhc franchise application, what examples of references are suggested?
Bhc Franchise · 2025 FDDAnswer from 2025 FDD Document
Prospective Franchisee understands that any inquiry regarding Prospective Franchisee's character, general reputation, personal characteristics, financial background and general fitness for being a BHC Franchisee may be made as a result of this application.
In addition, by signing below Prospective Franchisee releases any and all former and/or present employers, and any other personal or business references, from any liability whatsoever in connection with BHC's attempt to investigate Prospective Franchisee's background and determine Prospective Franchisee's fitness to become a BHC franchisee.
Source: Item 23 — Receipts (FDD pages 52–230)
What This Means (2025 FDD)
According to Bhc's 2025 Franchise Disclosure Document, as part of the application process, Bhc may investigate a prospective franchisee's background. Bhc may inquire into the applicant's character, general reputation, personal characteristics, financial background, and overall fitness to become a franchisee. As part of this process, Bhc is authorized to obtain credit reports from credit bureaus and conduct background checks on the applicant and their businesses.
To facilitate this investigation, the applicant releases their former and present employers, as well as any personal or business references, from any liability related to Bhc's investigation. This release allows Bhc to freely contact these references to gather information relevant to the franchise application.
While the FDD excerpt confirms that Bhc may contact employers and personal/business references, it does not specify particular types of credit references that Bhc suggests an applicant provide. A prospective franchisee should ask Bhc directly for clarification on what specific credit references (e.g., banks, credit card companies, lenders) they would like the applicant to provide to support their application.