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sba-addendum

We’ve been keeping you up to date regarding the pending changes at the SBA related to its lending processes for franchise businesses. This week, the SBA formally announced its new Standard Operating Procedure and provided access to the new standard addendum. The new SOP 50 10 5 (i), which will be effective January 1, 2017 describes […]

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There are 72 new franchise concepts profiled, with 275 executive contacts. Altogether, 33 food brands, and 39 nonfood and service brands started franchising in the third quarter of 2016. The number of sit-down restaurant franchised brands grew faster than QSR, adding 13 and 11 new brands respectively.  This is counter intuitive in terms of where the […]

Salt Lake City, UT, November 14, 2016 – Celtic Bank is integrating FRANdata’s proven franchise scoring system (FUND Score) into their franchise portfolio management system. This integration ensures that both franchisees and franchisors who do business with Celtic Bank will benefit from franchise loans that are administered faster, are more transparent, and most importantly, adapted […]

UPDATE Last week at the national SBA lender conference, SBA senior staff announced that the long-awaited changes to the franchise affiliation process are about to be issued through the release of a new SOP (Standard Operating Procedure) which will be effective January 1, 2017 at the earliest.  It is not clear if the election results […]

New Providence, New Jersey — In support of the Small Business Administration’s (SBA) Veteran’s week, ReadyCap Lending, a leading non-bank small business lender, is proud to announce an exclusive military veteran franchise SBA lending program.  Called the Military Veteran Franchise Business Ownership (MVP) Lending Program, this platform reaffirms ReadyCap’s commitment to supporting the SBA’s mission […]