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 franchisors and lenders to solve loan by loan.
2. The SOP is a flexible document. But there are important issues that you need to understand.
Edith Wiseman of Frandata and Kent McClintock of M&T Bank will explain how this affects your franchisee's SBA loans.
Make sure you attend this one, if you want your franchisees to be SBA eligible.
Warren Lee Lewis Moderator
Time: Tuesday, March 21st from 11:45 - 2pm
New Location: Serendipity Labs, 4500 East West Hwy., Suite 125, Bethesda, MD 20814
Registration 11:45 - 12:15 - Lunch 12:15 - 12:55 - RoundTable 12:55-2:00