The Franchise King®

Senate Bill S.1615 Suggests Online SBA Loan Applications May be Possible

Applying for a franchise/small business loan? Maybe you will be able to do it in a much more Green way. Instead of hopping into your vehicle, and going up to your local SBA lender's place of business, you may be able to sit at your computer, and apply for the American Dream, right online…

(This post may contain affiliate links. Please read my disclosure policy).

Senator Olympia Snowe, R-Maine, is introducing a bill that would allow for that. WOW. This is so Web 2.0. {I am not being sarcastic, for once.}

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In addition, in order to boost lending to a lot of folks that read this blog, {Prospective franchise owners} the bill also includes a $15,000 increase in the amount you can borrow in the SBA's Microloan program. This is great news!

First do your business plan. Then read the Bill.

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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes.
For 23 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

Joel is Highly Principled
There are many people in the franchise business who claim to to be experts in the field. Unfortunately many of them lack both knowledge and integrity. Joel, however, is without question one of the most qualified and principled people I know, in or out of his industry."
- Greg Reynolds, Retired Outplacement Counselor
"Many receive advice, only the wise profit from it."
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