CFA Asks for Help on Franchise Relations Bills

The Coalition of Franchisee Associations (CFA) has asked franchisees across the country to reach out to their Congressmen and ask for their support of two bills filed by Representative Keith Ellison (MN – 5th District).  H.R. 3196, The Fair Franchise Act of 2015 will prohibit unfair and discriminatory practices by franchisors and require all parties…

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SBA Advocate Asks for More Comment Time on Overtime

With the Obama administration moving full bore on implementing its new overtime rules under the Fair Labor Standards Act, the business advocate’s office within the Small Business Administration has formally requested that DOL allow more time for concerned individuals and small businesses to comment on the proposal.  DOL’s Wage and Hour Division has proposed more…

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Urge Congress To Support Franchise Bills

We advised you a couple of weeks ago that Congressman Keith Ericson (D-MN) had filed two bills beneficial to franchise owners in the Fair Franchise Act of 2015 (H.3196) and the Small Business Franchise Loan Transparency Act (H.3195).  Now, it is incumbent upon us all to urge our own representatives in Congress to sign on…

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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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SBA Waives Fees on Small Loans

Earlier this month, the Small Business Administration (SBA) announced some very good news for those looking to borrow up to $150,000 as the agency announced it will continue its program of waiving fees on its Section 7 (a) loan program.  In Fiscal 2014, which ended September 30, through the 7a program, the SBA had approved…

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Temporary 504 Loan Refinancing for Eligible Small Business Assets Under the Jobs Act Expires 9-27-2012

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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Commercial Real Estate Financing Available Through SBA 504 Loan Program

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…

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