Reach a capitalized operator before a broker puts them in front of another brand.

Most franchise development software resells the same portal leads and broker referrals every concept already owns. Prowlr is built on the public franchise record instead. It watches new and amended FDD filings across the NASAA Electronic Filing Depository and its franchise function FRED, the California DFPI, Minnesota, Wisconsin, and Indiana registration states, plus the SBA 7(a) FOIA loan dataset. Every brand and operator carries a numeric score, a written verdict, and a source-chain back to the exact filing, so you can verify each name and reach a development-ready candidate first.

Registered FDDs are public. The NASAA Electronic Filing Depository and its franchise function FRED at nasaaefd.org, plus the California DFPI, Minnesota Department of Commerce, Wisconsin Department of Financial Institutions, and Indiana Securities Division registries, let you search by franchisor name and download the filed document, including Item 19 financial performance and Item 20 outlet tables. Prowlr watches all of these continuously and scores what matters, so you do not pull each filing by hand.

Item 20 reports a system's outlet activity over the prior three fiscal years: openings, closings, transfers, terminations, and the franchised versus company-owned split. It is the most honest public read on whether a brand is actually adding units and how stable its franchisee base is. Prowlr parses Item 20 across registered FDDs so you see net new-unit growth and retention at a glance, the same signal FranDev and broker teams use to judge expansion momentum.

The SBA publishes its 7(a) and 504 lending under FOIA at data.sba.gov, updated quarterly, with franchise borrower and franchise-code fields. A funded SBA franchise loan means an operator just cleared a real capital and credit bar. Prowlr cross-references that dataset against your Item 7 liquid-capital band to surface capitalized, development-ready operators, instead of unverified portal leads everyone else already holds.

Each record gets a numeric score, a plain verdict, the reasons behind it, and a source-chain to the public filing. A brand can surface from an amended FDD plus 2025 area-development agreements and Item 20 net growth. An operator can surface from year-over-year unit growth across systems plus a recent SBA franchise loan above your capital band. Because the scoring is explainable and tied to public records, you can audit every name and act only on the ones that fit your footprint.