The Small Business Association, SBA, has developed a list of approved franchises. This select list of franchises has passed the muster of the SBA and has qualified for a simplified financing process.
According to the SBA website, an approved franchise or business opportunity is one whose agreements are acceptable to the SBA. This status makes the loan application process easier and streamlined.
Where can you find a list of SBA-approved franchises? Through a partnership with the SBA, the Franchise Registry provides a current list of SBA-approved franchises. You can simply visit the site, www.FranchiseRegistry.com and search by franchise name.
There is another side to this, just because a franchise or business opportunity is listed as an SBA-approved business, it does not guarantee that the business is profitable, or even endorsed by the SBA. It simply notes that the franchisor’s agreements are acceptable. An investor in a franchise business will still need to conduct proper research and due diligence before buying a franchise.
If you are considering a franchise, engage the assistance of a FranFinders franchise consultant, who can assist you with finding SBA-approved franchises as well as helping you determine the best franchise business for you.
