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.
At the beginning of 2012, the big story in franchising appears to be the same one that we have seen for the last several years: money. Franchisors are still looking for answers to questions about growth in a time when it is difficult for prospective franchisees to find funding. There are a couple of good articles this week that demonstrate possible answers to these questions.
On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (the “Act”) which includes a number of tax breaks and incentives for businesses. The Act contains several tax initiatives designed to assist small businesses. The following is a brief overview of the most important tax-related changes in the Act.
The Senate voted today to continue the filibuster on the Small Business Jobs Act. Are politics getting in the way of relief to small business owners?
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?