Revisions to SBA Addendum to Franchise Agreement (SBA Form 2462)

First Financial SBA Loan

SBA Policy Notice EFFECTIVE: 2/14/2017 Changes to the Franchise Review Process for 7(a) and 504 Loans   Download the full announcement PDF here: franchise policy noticefinalfeb2017 PDF SBA has received numerous comments relating to the language in the SBA Addendum, particularly the use of the terms “franchise agreement,” “franchisor,” and “franchisee,” when the document is also required for license, dealer, distributor, jobber, or similar …

IFA 2017 Convention

IFA to Host Annual Convention Jan. 29 – Feb. 1, 2017

First Financial Franchise News 0 Comments

#IFA2017 Introduces All-New Courses and Programs for Franchise Professionals The International Franchise Association — the world’s oldest and largest organization representing franchising globally – has announced its 2017 dates.  The IFA’s 57th Annual Convention will take place Jan. 29 – Feb. 1, 2017 at Mandalay Bay in Las Vegas.  With emphasis on providing education to drive performance, growth and sustainability of franchise brands, #IFA2017 will offer world-class …

Jason Leverant - President and COO of AtWork

AtWork Group’s Jason Leverant Receives Volunteer of the Year Award

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American Staffing Association (ASA) presented the first Volunteer of the Year award to President and COO of award-winning national staffing franchise Jason Leverant, president and COO of AtWork Group, a top multi-specialty staffing franchise has received the Volunteer of the Year award by the American Staffing Association (ASA). This new awards program recognizes individuals who have been outstanding volunteer contributors on an ASA committee, …

SBA REVISED FRANCHISE PROCEDURES

First Financial SBA Loan 0 Comments

REVISED FRANCHISE PROCEDURES On July 27, 2016, SBA revised its regulations governing affiliation with respect to the Business Loan, Disaster Loan and Surety Bond Guaranty Programs (81 FR 41423). Under the revised regulations, the principles of affiliation with respect to these programs can be found at 13 CFR 121.301(f). The regulation identifying affiliation based on franchise and license agreements is found in §121.301(f)(5) and …

Funding Wonder to Launch FINRA Regulated Crowd Funding Platform

First Financial Crowd Financing, Crowd Funding, Franchise Purchase, Starting a Business, Working Capital 0 Comments

The Online Lender will be Among the First to Offer Investments in Business Loans to Non-Accredited Investors. Funding Wonder Crowd, LLC, the operator of an online lending platform focused on small business loans, has been approved by FINRA (the Financial Industry Regulatory Authority) as a licensed Regulation Crowdfunding Funding Portal. This means that anyone aged 18 or older will now be able to …

IFA Education and Research Foundation

IFA’s Franchise Education & Research Foundation Launches National Registry for Franchising Gives Back Program

First Financial Franchise News

Online database shines a spotlight on the philanthropic work of franchise industry leaders The International Franchise Association’s (IFA) Franchise Education & Research Foundation announced today it has launched a National Registry to profile franchise businesses and their charitable activities nationwide, as part of the organization’s Franchising Gives Back program. To date, the registry features profiles for more than 230 IFA …

AtWork Staffing Franchise

AtWork Group Makes Franchise Times Top 200+ List

First Financial Franchise News

Top U.S. multi-specialty staffing franchisor, AtWork Group, honored with fourth time ranking on Franchise Times’ Top 200+ list AtWork Group, a top U.S. multi-specialty staffing franchisor, was recognized for the fourth year in a row as one of the largest franchise companies, based on worldwide sales, and featured on the Franchise Times’ Top 200+ list. Among the 500 franchise companies listed, AtWork …

considerations when financing your business with a 401K rollover

Considerations when rolling over your 401K into a business

First Financial 401K Financing, Franchise Purchase, SBA Loan, Starting a Business, Working Capital

Risks Involved Employing your 401(k) to finance your start-up venture comes with some pretty high risks. We’ve outlined some of the most obvious risks below to help you make a well-informed decision.  Before we know continue, know this… Many business and franchises have been started using 401K rollover financing.  Despite the commonness and acceptance of this financing options, their are …

Financing business startup with 401K rollover financing

What is a Small Business 401K Rollover?

First Financial 401K Financing, Acquisitions, Franchise Purchase, Starting a Business 0 Comments

If you’ve been an employee for a better part of your professional career and are now considering starting up a business, you may be aware of the possibility to utilize your IRA or 401(k) retirement fund as an investment. It has its benefits but it could prove to be a complicated procedure for anyone not too acquainted with it; easier …

The SBA Loan can feel like a puzzle without a lending advisor like First Financial

Getting an SBA Loan – Who, What, Where and Why

First Financial Acquisitions, SBA Loan, Starting a Business, Working Capital 0 Comments

Getting SBA Loans There can be a lot of uncertainty when it comes to securing a dependable financial flow to your business. So much so that a commercial loan from a bank that’s also federally insured seems too good to believe. But backing these loans is exactly what the U.S. Small Business Administration’s Guaranteed Loans Program was built for. So …

E Myth Review and Summary

Review & Summary – E-Myth & The Turn-Key Revolution

First Financial Franchise Purchase, Starting a Business

Shockingly, 80% of start-ups still end in miserable failure. This statistic has been completely understandable throughout the years because businesses are a tricky thing to get right; however, in this day and age with all the information you could ever want and need at your fingertips, why is this figure still so high? The ‘E-Myth’ suggests that most failed businesses …

SBA 7A Loan approval process

What is the SBA 7A Loan Program?

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital 0 Comments

The SBA 7a is a popular loan program that was suspended after reaching the $18.7 billion limit for the year, has finally been renewed. The House of Representatives has approved the bill which will lift the SBA’s lending cap for the largest loan guarantee program to reach $23.5 billion. What is better is that the Senate has also passed the …

advantages to equipment lease financing

Benefits of Equipment Lease Financing

First Financial Equipment Leasing

So, you may be wondering if leasing equipment is better than purchasing business equipment outright? At First Financial, there isn’t a right or a wrong answer to this particular question, because each business has their own way of doing things. If you happen to own a small to medium sized business and want new equipment, it is vital to know …

Advantages and Disadvantages of Working Capital Loans

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital 0 Comments

Securing a loan for working capital is an excellent way to begin generating both capital and growth from your business. To get your business off the ground, capital is essential for covering the financial needs of your daily operations such as payroll or marketing costs. Funds that are available to cover your business’s short term and immediate needs are known …