Well… we saw this coming for franchise lending. What we alerted you about in our last communication is about to happen. SBA will no longer be in the business of determining franchise affiliation. The deadline for the comment period is December 27th, 2022. Read the proposed rule here – https://www.federalregister.gov/documents/2022/10/26/2022-23167/affiliation-and-lending-criteria-for-the-sba-business-loan-programs “SBA proposes to remove paragraph (f)(5), affiliation […]
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 […]
At the latest Multi-Unit Franchising Conference, Darrell Johnson addressed the current state of franchise financing. Based on FRANdata analysis. Franchising is growing. The recovery after the pandemic has proven the resiliency of the franchise model and, in turn, increased lender trust in the franchising model. According to the latest from FRANdata CEO Darrell Johnson, demand […]
FRANdata has been championing franchise lending for more than 15 years. Aside from speaking to hundreds of Franchise Registry lenders members, we also go to several lender conferences every year, updating lenders on the outlook for franchising and the soundness of the business model while getting to the pulse of franchise lending straight from the […]