The franchise disclosure document (FDD), formerly referred to as the Uniform Franchise Offering Circular (UFOC), is a detailed report that is updated annually with new information for every registered franchise opportunity. The importance of the franchise disclosure document in franchise transactions should not be understated. It is packed full of useful information on the franchise system, including details on franchisee earnings, agreements, contracts and manuals, financial statements and much more. Needless to…
Tag: Franchise Agreement
Franchises Ineligible for SBA Loans
Attorneys with the Small Business Association (SBA) have put together a list of Issues of Financial Assistance Eligibility that they have identified in various franchise or or franchise-like agreements, which SBA calls Franchise Findings. The Franchise Findings list contains the names of franchises that have requirements in their Franchise Agreements that could cause the business to be ineligible for SBA business loans. The SBA Franchise Findings list is provided for use by…
