SBA Franchise Registry News
Why Get Listed on the SBA Franchise Registry?
As you know, financing is one of the biggest hurdles for franchisees. If your prospects are looking for loans guaranteed by the U.S. Small Business Administration (SBA), you can help them overcome this obstacle by pre-qualifying your franchise.
The SBA Franchise Registry is a listing of franchise systems whose franchisees receive expedited SBA-guaranteed loans. The Registry process is the only way franchise systems can get nationally pre-approved by the SBA.
New Website Coming!
First launched in 1998, the SBA Franchise Registry website, www.franchiseregistry.com, is due for a face-lift. We are currently in development of a new version, nicknamed "Registry 07", that will have an entirely new look and feel, as well as many functional improvements for all users: franchisors, SBA Lenders and Reviewers. Look for a launch announcement in the next month or so!
(PS If any franchisor, attorney or SBA lender users of the current site would be interested in helping us during the testing phase, contact Paul at pwilbur@frandata.com).
Renewal Fee Changes
Please note that the fees for renewal applications have changed recently. Where once there was a distinction in fees between material and non-material changes, there is now only a single blended renewal fee of $300.00 for all renewals no matter of type. We hope this single fee will help simplify the renewal application process, and resolve some of the confusion as to which fee applied.
For questions about the renewal process, contact Danna at doweida@frandata.com.
Advertise Your Registry Listing at Conferences and Shows
Prospective franchisees look for franchises that are listed on the Franchise Registry. In this season of Expos and Shows, we can provide you with booth signs and other collateral to make sure that your prospects see that you go the extra mile to help them with their financing concerns. Send your requests to Christine at charris@frandata.com and she will get you what you need.
New and Renewal Applications in February
There were 11 new and 16 renewal application approved this past February. Read the press release for a full listing of all franchises approved.
