What does it mean if a franchise concept has been approved by the SBA?
If you’re looking to buy a franchise, it’s really important to find out what a lot of my industry’s jargon actually means.
For example, I wrote a really popular post about two words that don’t exist in franchising, that’s worth a read if you’re in the market for a franchise. It’s important to not get sucked in by what I call, “happy franchise words,” as you look around for a suitable franchise opportunity.
Back to the SBA approved franchise list; hundreds of franchises are on this list. I feel that they’re worth a look, if you’re buying a franchise. But, the reason they’re “approved” may surprise you.
Watch this video that I made for Franchise Direct (client) that explains what being an SBA approved franchise really means. Franchise Direct Video
And, this is really important; please share this information with anyone you know that’s considering franchise ownership. You’ll be helping them…One more thing; They’re going to need a franchise business plan.
Important! If You've Already Found A Franchise To Buy Click Here Before You Send Your Money In & Sign Your Franchise Agreement
"I was pretty focused on a particular franchise opportunity when I reached out to Joel Libava. In the course of a 1-hour conversation, Joel was able to provide direct advice to help clarify the process for me and help guide me through the next steps in my vetting process. He even put me in contact with other professionals who were able to help educate me further in my particular industry. The time and money were well spent."
- Brian Grayson, Franchise Buyer, Cincinnati