The New SBA Lending Rules & How they Change Franchise Development

SBA senior staff announced that the long-awaited changes to the franchise affiliation process are about to be issued through the release of a new SOP (Standard Operating Procedure). SBA indicated the SOP will include a one-page addendum that addresses all franchise affiliation requirements. These changes will lead to: 1. Franchisors having to negotiate with each lender on these issues, putting the burden of SBA affiliation and credit-related SOP issues on…