What FRANdata Thinks

W. Edwards Deming, whose sampling techniques are still used by the U.S. Department of the Census and the Bureau of Labor Statistics, once said, “In God we trust; all others must bring data.” What he did not know then was what happens if it is “bad data.” The last time the U.S. Small Business Administration […]

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 […]