SBA Franchise Lending = $1.5 Billion Problem

The Government Accountability Office (GAO) this past week released its report on the Small Business Administration’s (SBA) 7(a) franchise loan program.  According to the GAO, the SBA paid out for borrowers who defaulted on 28 percent of all the franchise loans it approved over a 10 year span from 2003 through 2012.  Read more and…