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 […]
When submitting loan packages to the SBA to obtain loan guarantee numbers, lenders need to determine if the loan meets affiliation standards. Franchise loans must meet both general borrower and franchise-specific affiliation tests. Most franchisors applied for and obtained franchise-specific eligibility approval. All a lender had to do was go to the SBA’s online pull-down […]
The SBA published a new rule change that will significantly alter the way affiliation is evaluated in franchise/license situations. One thing remains certain, details around how these changes are to be applied will not be known until the next version of the SBA’s Standard Operating Procedures is released– untill then, any changes will not be […]