The U.S. Small Business Administration (“SBA”), in response to pressure by the International Franchise Association, recently changed its position regarding how it views franchise companies and their affiliates for purposes of determining loan worthiness.
Last week’s Wall Street Journal had a story about the franchise systems with the highest default rates for Small Business Administration-backed loans over the past decade.
The next meeting of the Nevada Franchise Business Network is scheduled to occur on Wednesday, April 13, 2011 at Cili restaurant in Bali Hai Country Club, 5160 Las Vegas Boulevard South, Las Vegas, NV 89119. The topic of the meeting is “Financing Options for Franchisors: SBA Packaging and Placement,” and will feature Judy Aragon, C.S.C., with the American Association of Government Finance.
Although parts of the country are in recovery, small business continues to suffer due to a lack of available credit. What is being done, and what should be done, to change the situation?
Commentary on President Obama’s proposal to stimulate small business financing by redirecting $30 billion in TARP funds.