Franchise News
Franchise Times: BoeFly Webinar Tackles Issues Around New SBA Rule
BoeFly hosted a webinar on Tuesday to discuss the SBA's recent rule change.
Earlier this fall, SBA announced a SBA Registry rule change, which caused concern amongst franchisors in that registry would mean more paperwork outlining what the franchisor will or won’t do. Franchise Times, however, says that the concern may be for naught, given that the changes include best practices most franchisors are already doing.
BoeFly, a national online marketplace that helps business owners seeking loans by connecting them with banks and lenders, held a webinar on Tuesday with a panel of franchisors and lenders to discuss the rule change. The group of experts gave advice on how best to deal with these changes in the SBA loan process, as 200 people listened in.
“BoeFly President Mike Rozman conducted a poll of the franchisors listening in and ‘for those brands who have already made a decision about whether to sign the new SBA addendum, 96.7 percent intend to sign it,’ he reported, ‘versus 3.3 percent who intend not to sign.’”
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
