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 …

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 …