[ New Contents | Search | Post | Reply | Next | Previous | Up ]
From: Don Lafferty
Time: 11:14:17 AM
The SBA has established "The Franchise Registry" (http://franchiseregistry.com)whereby you can register your franchise business. The benefit of doing this is potentially significant in that if the franchise is approved for listing the loan review process is streamline by the SBA. Loan applications for registered franchisors can be processed quickly and efficiently. The program is new and the SBA has currently has listed about 70 eligible franchise programs in the Registry and is reviewing another 90 to 100 programs for listing in the Registry. The SBA is careful to point out that approving your franchise program for listing in the Registry is NOT an endorsement of your program. There is an important secondary benefit of registering you franchise program with the SBA in that potential investors go to web sites like the SBA and others discussed later to look for potential franchise investments. Businesses that have taken the time and effort to register their franchise program in the different web sites obviously get more attention from potential investors who use the WWW to locate information about franchise businesses.
There are numerous non governmental web sites providing information about registered franchisors such as The Bison Franchise Network at www.bison1.com and the International Franchise Association at www.franchise.org. These sites are heavily traveled by potential investors and all those interested in franchise businesses.