After Congress moved quickly to unanimously increase funding for the popular SBA 7(a) loan program for small business, President Obama wasted little time as well in signing the funding bill into law – even doing so, for only the 6th time in his presidency via autopen since he is out of the country travelling. The…
Read More »US Representative Keith Ellison (D-MN) filed two important bills this week aimed at protecting franchisees. The Fair Franchise Act of 2015 (H.3196) would prevent misleading or false information in the franchise agreement, prohibit mandatory arbitration provisions and would provide franchisees with the right to discuss their experiences with the franchisor and to join an independent…
Read More »One of the more popular loan programs administered by the US Small Business Administration is rapidly approaching its lending limit and will likely be suspended at the end of the month. The 7(a) loan program is authorized to loan $18.75 billion this fiscal year, but some $16.6 billion had already been guaranteed by July 11. …
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From time to time DDIFO is pleased to present Guest Commentary from valued contributors. Guest commentaries feature the views, and opinions of the contributor and are not necessarily the opinions of DDIFO and it’s Board of Directors. The following is information submitted by Barbara Arena, Vice President of Granite State Development Corporation (GSDC) 131 Whitman Street, Hanson, MA 781-294-2244, barbara@granitestatedev.com, www.granitestatedev.com, regarding refinancing opportunities thru the SBA’s Temporary 504 Loan Refinancing Progam.
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Every Dunkin’ Donuts franchise owner is unique—indeed, every shop is—and as such, each has different financing needs. With a dozen financing Sponsors currently on board and more in the pipeline, DDIFO is delivering connections to a variety of lenders that offer particular specialties to meet the diverse and distinct funding demands of its members. Whether…
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McLean, Virginia (PRESS RELEASE – February 19, 2011) – Starting February 28, 2011, the U.S. Small Business Administration’s (SBA) 504 loan program will begin accepting applications for refinancing of existing qualified real estate debt for small business owners who are facing impending balloon payments before December 31, 2012. In a recent press release, SBA Administrator…
Read More »Kent Hoover reports at Portfolio.com that as President Obama he signed a hard-fought small-business lending measure into law, he said it is the “most significant step” to help small firms in more than a decade. President Barack Obama signed the Small Business Jobs Act into law, calling it “the most significant step on behalf of our small businesses in more than a decade.”
Read More »After a decade of working with Dunkin’ Donuts and Baskin-Robbins franchise owners, Direct Capital Franchise Group (Direct Capital) is enhancing and expanding its services in ways that aim to ease your access to financing and better meet your needs. Its staff members have the direct experience and knowledge to guide and support you every step of the way, and now, as a DDIFO Sponsor, the firm is even more invested in its relationship with Dunkin’ Donuts franchisees.
Read More »Jay Heflin reports at The Hill that Senate Small Business Chairwoman Mary Landrieu (D-La.) on Wednesday said her chamber will pass legislation by the end of the week that creates a $30 billion lending pool for small businesses and provides approximately $12 billion in tax relief for these organizations. Take Action contact your elected officials
Read More »Kermit Pattison writes in the New York Times that Mr. Tessier had owned a liquor store for nearly a decade. He had a good credit score and a solid track record as a businessman in central Georgia. He assumed lenders would be happy to help. “I went to several banks and they acted like they could do loans,” Mr. Tessier said. “But when it came down to it, it was ridiculous. Ultimately, the terms and conditions were just outrageous.”
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