The Small Business Administration (SBA) is finalizing major policy updates that will have a direct impact on franchise financing. These changes — taking effect with the release of the new Standard Operating Procedures (SOP) on June 1st — will reshape the eligibility process, how brands are listed, and what franchisors must provide to maintain SBA […]
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 […]
On Veteran Franchising: Last year, a report from the U.S. Small Business Administration showed there were about 2.52 million businesses in the nation mainly owned by veterans. Read more here. In the News: 6 Veterans Rocking their Post-Military Careers [Forbes] Veterans Share their Experiences Transitioning from Military Service to Franchise Ownership [Small Business Trends] LeanFeast […]
Last year, a report from the U.S. Small Business Administration showed there were about 2.52 million businesses in the nation mainly owned by veterans. The report showed small businesses owned by vets employed 5.03 million people and represented 9.1% of all U.S. businesses.[1] Franchising presents a fantastic opportunity for the nearly 2.5 million United States […]
On October 13, 2017 the SBA released a policy notice regarding their franchise SOP that takes effect January 1st 2018. FRANdata has long served as the franchising gateway to the SBA and we are pleased that they will be utilizing a similar structured approach to many of the franchise affiliation and business eligibility solutions in […]