Cortez Masto Files SBA Franchise Loan Transparency Bill

The ranking minority member on the U.S. Senate Small Business Committee, Senator Catherine Cortez Masto (D-NV) filed legislation last week to protect entrepreneurs who are considering purchasing a franchise.  The SBA Franchise Loan Transparency Act of 2019 (SB 2383) would require that before a lender could make a government-backed loan to a franchise, the franchisee…

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Obama Budget Seeks Increased SBA 7(a) Funding

Notwithstanding almost $3 trillion in tax increases, an increase in the federal deficit of $178 billion and extensive new programs to stop ‘climate change’, one bright spot in the $4.1 trillion budget the Obama administration submitted to Congress earlier this week is the increased funding he’s proposed for the Small Business Administration’s (SBA) successful flagship…

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SBA Reviewing Franchise Loan Eligibility

The Small Business Administration, which last year alone guaranteed some $6 Billion in loans to franchisees, is reviewing their current franchise eligibility procedures with an eye on improving the process.  The SBA Loan Guarantee program has been criticized by some members of Congress who do not believe the government should be in the business of…

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