We are often asked how to have great closings, and it truly does take a whole team.
Recently a mortgage buddy told me there are 1000 things that can go wrong from the time a person starts to look for their home until they close. There are so many humans using so many programs and hardware that what’s amazing isn’t the little hiccups but rather how often things go right.
More specifically, the Franchise Rule gives prospective purchasers of franchises the material information they need in order to weigh the risks and benefits of such an investment. The Rule, primarily enforced by the Federal Trade Commission ("FTC") at the federal level, requires franchisors to provide all potential franchisees with a disclosure document (commonly known as the "FDD") containing 23 specific items of information about the offered franchise, its officers, and other franchisees.
Remember registering a "Franchise" with the SBA is mandatory...at least it is if one plans to use SBA financing.29 May 2018 Written by Staff
The U.S. Small Business Administration created the SBA Franchise Directory to try and streamline the process for entrepreneurs looking to access capital.
According to SBA Associate Administrator Willam Manger, “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."