The Franchise Disclosure Document (FDD) is a crucial legal document that franchisors in the United States must provide to prospective franchisees as required by the Federal Trade Commission (FTC). The FDD contains vital information about the franchisor, the franchise system, and the franchise agreement. As such, it serves several essential purposes, including due diligence, negotiation, […]
Effective August 1, 2022, for any complete application received by SBA, or any request for an SBA loan number made under the lender’s delegated authority, the following maximum fixed interest rates apply – For loans of $25,000 and less, maximum allowable fixed rate = Prime + 8% (800 basis points) For loans of more than $25,000 […]
The National Association of Government Guaranteed Lenders (NAGGL) just had its Spring Conference and FRANdata was there gathering insight on the latest in franchise financing. What’s the buzz on the upcoming New SBA proposed rule-making coming out in the summer? SBA is taking lessons learned from the pandemic, trying not to lose the momentum it […]
The American Rescue Plan created a $28.6 billion Restaurant Revitalization Fund (RRF), which restaurant franchise owners will be able to apply to for additional government aid. The RRF offers $28.6 billion in grants to hard-hit restaurants and bars, with restaurants able to apply for grants based on lost revenue. Additionally, $5 billion of that total […]
In the past several months, our spotlight series has focused on franchise brands you know and love like Dickey’s, PuroClean, Kiddie Academy. For this next installment, we’re branching out into the world of franchise industry suppliers. There are so many worthy mentions within our space of colleagues and friendly competitors, we wanted to help shed light on the […]