Dealing with the Franchise Registry
You have a great new perspective franchisee. They will be the perfect placement for the franchise you’ve helped them discover. All they need is a SBA working capital loan to pay their franchisee fee and get started.
The Franchise isn’t on the SBA approved list or is was but they have changed the FDD and the changes are not approved yet.
Every Franchise Broker has run into this scenario. There are legal fees, time delays and unclear processes. NOT ANYMORE!
SBA Universal Addendum
A universal addendum to the franchise agreement. A single two page document, universal to all franchisors. The franchisee and franchisor simply sign the form and it’s done! Your perspective franchisee can now get their SBA funding and open their franchise. You get your placement fee and everyone is happy.
If you have further questions about SBA funding or need to prequalify a perspective franchisee, please contact Karen Newell. Karen@ffcash.net or 954-248-7701.