See what Hartford has to offer
local entrepreneurs.
Grow your business today!
  • Home
  • Events
  • Archives
  • Startups
  • Resources
  • About Us
  • Contact
  • FAQs
official_facebook official_twitter official_rss

SBA Franchise Directory Helps Entrepreneurs Access Capital

HomeTag "SBA financing"

SBA Franchise Directory Helps Entrepreneurs Access Capital

March 30 2018 Innovation Destination: Hartford Resources 0 comments Tags: business resources, capital, entrepreneur resources, entrepreneurs, how to fund a startup, how to start a business, SBA financing, SBA Franchise Directory, Small Business Administration, startups, U.S. Small Business Administration

The U.S. Small Business Administration created the SBA Franchise Directory earlier this year, which has streamlined the process for entrepreneurs looking to access capital.

“It’s a one-stop shop to check the growing list of eligible brands for SBA financing. Since its establishment, the Directory and new procedures have received extremely positive feedback from the stakeholders participating in the process,” SBA Associate Administrator William Manger said.

The SBA Franchise Directory is updated every other week to keep it current and has added 566 new brands since the new policy was announced, bringing the total eligible brands to 2,566.

Manger continued, “This is extremely important as the SBA has seen an increase in the number of entrepreneurs opening franchises, especially among women.”

The SBA has seen a year-over-year increase of more than 17% in the dollars going to franchises and more than 18% in the dollars going to women-owned franchises.

The eligibility status of the franchise brands on this list are checked and cleared by the SBA, cutting the finance processing time and making it more efficient. Once franchisors have filed the proper paperwork, lenders can process loans without further review of the franchise documents. The vast majority of new brands are reviewed within 14 to 21 days.

Potential franchises interested in being listed on the Directory or looking for SBA financial assistance should email copies of their Franchise Disclosure Document, the Franchise Agreement (or license or other type of agreement), and any other documents that the franchisor will require the franchisee to execute tofranchise@sba.gov.

There are no fees for franchises that want to be added, and the SBA Franchise Directory is accessible to everyone.

About the U.S. Small Business Administration
The U.S. Small Business Administration empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. Backed by the federal government the SBA delivers its services to people through an extensive network of field offices and partnerships with public and private organizations.

VISIT: www.sba.gov
FOLLOW: Facebook | Instagram | LinkedIn | Twitter

More
1020 0

Get Started


  Find Resources   Browse Startups   View Events   Book a Mentor

Get Engaged


Do you have a Hartford success story? Are you a budding startup or a successful entrepreneur eager to share your experiences? Contact us today and tell your story!

  Contact Us   Get Our Newsletter
ctstartup-logo
The CTStartup Podcast provides an inside perspective on the Connecticut startup ecosystem from the people working in it.

  Listen Now

Categories

  • Accelerators (7)
  • Accolades (17)
  • At the CT Table (29)
  • Awards (77)
  • Blog (94)
  • Books (28)
  • Change Makers (1)
  • Co-Working (3)
  • CT Initiatives (2)
  • CT Legends (17)
  • CT Lifestyle (66)
  • CT Resources (2)
  • Entrepreneurial Insights (98)
  • Events (8)
  • Featured (7)
  • Featured Story (1)
  • Global Innovation (1)
  • Greater Hartford Startups (2)
  • Higher Education (54)
  • IDH Global (19)
  • Incubators (7)
  • Initiatives (122)
  • Innovation (89)
  • InsurTech (4)
  • Meetups (2)
  • Mentors (4)
  • Pitch Competition (1)
  • Programs (11)
  • Resources (20)
  • RFP (1)
  • Small Business Spotlight (1)
  • Social Impact Startups (2)
  • Social Impact Startups (9)
  • Startups (155)
  • Tech (10)
  • Uncategorized (3)
  • Where Are They Now? (12)
  • Women In Business (73)
  • Women’s History Month (1)

Get Started

  Find Resources   Browse Startups   View Events   Book a Mentor

Get Engaged

Do you have a Hartford success story? Are you a budding startup or a successful entrepreneur eager to share your experiences? Contact us today and tell your story!

  Contact Us   Get Our Newsletter

CT Startup Podcast

The CTStartup Podcast provides an inside perspective on the Connecticut startup ecosystem from the people working in it.

  Listen Now

About IDH

Innovation Destination: Hartford is designed to showcase and serve the Greater Hartford region’s entrepreneurial community.

Check out new Connecticut-area startups, entrepreneurs, events and the various players that make up our entrepreneurial community. You’ll find the resources you’ll need to start and grow your business and discover why the Hartford region is a great place to live, work and make an impact!

Copyright © 2015-2019 Innovation Destination: Hartford. All Rights Reserved. Privacy Policy
Developed by Novus Insight, Inc.
    Sign up for our Newsletter