SBA Approved Franchises
SBA Approved Franchises on Franchise Direct!Jun 09, 2011
www.franchisedirect.com Check out this special category of franchise opportunities over at Franchise Direct..
Franchise Loan or Business Loan? SBA Loan Part 2Mar 17, 2012
www.commercial-coach.com Blaise Dietz shares his expert insights on how to fund your business or franchise loan. The number one SBA loan funding today is the SBA 7a business loan. It's great because you don't need to own or buy the real estate to get the loan approved. If you have never owned a business the easiest type of loan to get approved for will be for an SBA approved franchise. By the way if anyone wants to email me at bdietz@charlottecp.com I can forward the list of approved franchisor's. We are the preferred underwriter of choice for Franchises like Firehouse Subs and Ace Hardware.
Franchise Loan or Business Loan? SBA Loan Part 3Mar 17, 2012
www.businesloan365.info Blaise Dietz shares his expert insights on how to fund your business or franchise. The number one SBA loan funding today is the SBA 7a business loan. It's great because you don't need to own or buy the real estate to get the loan approved. If you have never owned a business the easiest type of loan to get approved for will be for an SBA approved franchise. By the way if anyone wants to email me at bdietz@charlottecp.com I can forward the list of approved franchises. We are the preferred underwriter of choice for Franchises like Firehouse Subs and Ace Hardware. Borrowers should never have to pay up front due diligence fees for consulting like this. If you are ever asked for a due diligence fee you should probably find some help elsewhere. You can always contact our firm at the number listed on our blog.
Financing Your Franchise Sba LoansApr 25, 2012
Financing is one of the most confusing, and often frustrating, aspects of opening a franchise. Some franchisees pay cash, others take out home equity loans or tap into their retirement savings. In this article, we look at one of the most popular methods of franchise financing: the SBA Loan. SBA Loans are loans made by traditional lenders such as banks that are guaranteed by the federal governments Small Business Administration. Banks prefer to lend money to franchise concepts which they have a positive track record, so the best place to start is with your franchisor. The franchisor should be able to provide you with a list of lenders that are familiar with its concept, have made SBA loans to other franchisees and have a positive track record underwriting the concept. Some franchisors have a dedicated outreach program to educate lenders about their concepts. The majority of major franchisors also participate in the SBA Registry program. To appear in the registry, franchises must meet certain eligibility requirements and pay an annual registration fee. Franchisees of systems listed on the registry receive expedited loan processing when applying for SBA loans. If you need help putting together a loan package, your franchisor should be able to assist you. While the franchisor wont complete the package for you, they should be able to provide a template as well as suggestions on where you can find the information you need. The main aspect of the loan package will be a loan ...
Lapels Dry Cleaning FranchiseAug 01, 2010
www.franchisesolutions.com Looking to start your own business? With a Lapels Dry Cleaning franchise you do not need previous dry cleaning experience, and it is and SBA approved franchise. As a franchise owner you'll spend your time providing top quality customer service and building long-term relationships with your clients. That's because the Lapels Dry Cleaning corporate team will help you negotiate with pro Garment Care Specialists to do the garment processing off site. Lapels, the future of dry cleaning.
Sports Clips Franchise Opportunity TestimonialsJul 31, 2010
www.franchisesolutions.com In a world of womens hair care salons, can you name ONE hair cutting shop for men? There are so few hair care services for men, the opportunity is huge. Especially since the hair care business is a 50 billion dollar a year industry! With a Sport Clips franchise, you can keep your current job, while building your own franchise business. To learn more about starting your own hair care franchise for men, watch this Sport Clips franchise video.
Franchise Update, May 11th, 2009Mar 18, 2010
franchisedirect.com In this weeks episode of Franchise Update, we are focusing on a franchise which is really making a difference and hopeful news from the Small Business Administration. The HealthStore Foundation have created an exciting franchise opportunity, which is helping people in developing countries both start up their own business and also provide quality and affordable health care. People in countries such as Kenya, can set up Children and Family Wellness Clinics which offer the local population top healthcare and quality drugs at an affordable price. Visit the Health Store website to find out more or to make a donation. The Small Business Administration has reported an increase in the amount of loans available to small businesses. 35 % of the Administrations 7a loans approved in February of this year were sold on the secondary market, which is up from 24% in January. To find out more visit the SBA website, or to find out more about SBA approved franchises visit our SBA franchise directory. Keep Watching!
PROFIT Small Business Opportunities In FloridaSep 16, 2011
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SBA OIG Report Claims 40% of Stimulus Loans Inappropriate or Unsupported ApprovalsMay 01, 2012
Documentation deficiencies identified in twenty-four, or 40 percent, of the sixty 7(a) loans reviewed, resulted in inappropriate or unsupported loan approvals of approximately $14.2 million. The documentation in the loan files was inadequate to ensure the loans: • were made to creditworthy borrowers, • met SBA' s eligibility criteria, and/or • had adequate evidence of equity inj ection, use of proceeds, or Internal Revenue Service (IRS) verification. Of the 24 deficient loans, 14 were lender-approved with inappropriate or unsupported loan approvals totaling $6.9 million and 10 were SBA-approved with inappropriate or unsupported loan approvals totaling $7.3 million. As of March 31, 2011, one of these 24 loans exhibited signs of early repayment problems. Suspicious activity was identified in one loan, which was referred to our Investigations Division for further review. Furthermore, problems with a lender's verification of equity injection and a missing gasoline supply agreement were identified on a loan that was not part of the random sample but was reviewed inadvertently by the OIG' s contractor Download the full report here: www.sba.gov
Franchise Finance: Bank Franchise SystemsMar 22, 2011
Many small businesses become a part of franchise systems and a recent survey of franchisors confirmed that their greatest single concern is Financing/Access to Credit. Consequently, small business job growth is closely tied to the ability of franchisees to obtain financing, typically through small business loans including SBA loans. Franchise Times assembled several of the leading figures in franchise finance to share their views on ways to increase franchisee financing success -- increasing small business lending. The group included: Mike Rozman of BoeFly, Kevin Boylen of Dunkin' Brands, Darrell Johnson of FRANdata, Scott Haner of KFC Corporation, Lex Lane of Main Street Bank, Scott Perry of Sports Clips, Keith Pillow of SunTrust, and Laura Witmer, Wells Fargo SBA. In this program, the panel discusses the underwriting parameters, they use when you're looking at a franchise system. Laura Witmer of Wells Fargo SBA stated that the first thing she looks for is whether or not they on the SBA registry, as it streamlines the process if she knows that they're eligible for an SBA loan, and along with that, she immediately also looks at historical SBA loan performance data. Darryl Johnston then discusses how the franchise registry application process works -- basically a franchisor applies to have their franchise documents reviewed at the national SBA level for acceptability, and how being on the SBA registry provides a national approval of that franchise system. Lex Lane of Main ...
Franchise Finance: Loan EnvironmentDec 16, 2011
Many small businesses become a part of franchise systems and a recent survey of franchisors confirmed that their greatest single concern is Financing/Access to Credit. Consequently, small business job growth is closely tied to the ability of franchisees to obtain financing, typically through small business loans including SBA loans. Franchise Times assembled several of the leading figures in franchise finance to share their views on ways to increase franchisee financing success -- increasing small business lending. The group included: Mike Rozman of BoeFly, Kevin Boylen of Dunkin' Brands, Darrell Johnson of FRANdata, Scott Haner of KFC Corporation, Lex Lane of Main Street Bank, Scott Perry of Sports Clips, Keith Pillow of SunTrust, and Laura Witmer, Wells Fargo. In this program, the panel talks about the current credit environment for small business loans and SBA loans. Is it really a tougher credit environment out there, or is that easing? Laura Witmer from Wells Fargo kicked off the discussion, noting that at Wells Fargo SBA Lending, they never stopped lending with the recession, which is probably one of the reasons they're the largest SBA volume lender. Keith Pillow of Suntrust noted that depending on the industry, credit may not be easing but is leveling off, and commented on the status of loan-making for smaller loans between 50 and 150 thousand dollars. Scott Haner from KFC discussed how lenders have been doing less lending in the restaurant space and Scott Perry of ...
Best Practices for Working out a Defaulted SBA LoanJun 30, 2010
Bob Coleman, Editor of the Coleman Report interviewed Ethan Smith, Partner, Starfield & Smith, PC for the upcoming webinar on July 6, 2010 discussing the best practices for SBA lenders to deal with defaulted workout loans. More information on the conference can be found if you click here: www.colemanpublishing.com Best Practices for Working out a Defaulted SBA Loan A Coleman Webinar When: Tuesday, July 6, 2010 Time: 2:00 pm ET The SBA workout professional has seen a dramatic shift in his or her job description during the past several years. What was common practice in 2007 is not even on the radar screen in 2010 The challenging environment of the past several years has honed SBA workout specialists' skills to higher levels of expertise. Our expert panel of national SBA liquidation and workout specialists will discuss what is expected in 2010 from these professionals -- and more importantly, what SBA expects in their job performance. This webinar will focus on these challenges. In particular, it will focus on the current atmosphere at SBA's national liquidation office in Herndon, Virginia -- focusing on the difference between myth and reality. This webinar will discuss the critical steps you must take when if you a loan begins sliding toward default. You will learn the difference between working out an SBA loan and a conventional loan. With always being mindful of what you must do to protect your guaranty. Topics of Discussion include: The difference between working out a ...
SBA Administrator Mills Takes Your Questions on Small Business and the EconomySep 23, 2011
SBA Administrator Karen Mills discusses lending and other issues affecting small business in the economic recovery during a special online discussion. November 16, 2009. (Public Domain)
APPROVAL PROCESS ON LOANS, APPROVAL WHO MAKES THE FINAL DECISIONAug 07, 2010
wealthwithcharles.mymoneymakingsecretsonline.com Join Charles http twitter.com Creating Wealth is something that we all have the potential to do. What holds us back is the act of taking Action. Wealth With Charles will show how to put all things in motion and take immediate action. We will hold your hand e Commercial Loans to all Business. Some think that there is a limited amount of funds to go around to small business, this is not true. We can provide financing to business ranging from Restaurants, Hotels, Gas Stations / Convenient stores, Auto Part stores, Doctor Practices, Child care, and much more. We will work with you to make sure we find a solution to your challenge, not problem. Commercial Real Estate Funding Source, Church Loans, Restaurant Loans, Hotel Loans, Equipment Loans, Daycare Loans, Real Estate Loans. Call 404-419-2119 or go to www.barthelemyenterprises.com
Great Las Vegas Mail Box StoreOct 11, 2011
Sales of almost $250K, Profit over $50K asking price $99k. Profitable franchise mailbox store, SBA pre approved. Las Vegas Opportunity - Captured Live on Ustream at www.ustream.tv
