Business Broker South Florida: Buying a Business usingS.B.A. Financing
We wanted to wish all of you a very happy holiday and tell you how thankful we are for your partnership. We also want to make sure we are communicating any changes coming to our industry in a timely manner. There has been a lot of chatter and confusion around changes in SBA lending coming in 2018. We have met with some of our top lenders as well as reviewed the details outlined on the SBA website and wanted to distill down information that pertains to our business. The changes outlined below will go into effect on January 1, 2018. Franchise Registry: The franchise registry will be managed and updated by the SBA. In order for a franchise to be approved for an SBA loan, they must be on the approved SBA Franchise Directory. All franchises must submit their franchise agreement and FDD to the SBA directly to be approved. The full list, as well as instructions for being included on the directory, is available here . 10% Equity Injection: The SBA will require...