Bank Involvement
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SBA Chief Franchise Counsel Helps Franchisors
In October of 2014, Stephen J. Olear, Chief Franchise Counsel for the United States Small Business Administration, presented a paper at the American Bar Association’s 37th Forum on Franchising. The…
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SBA Harms Veterans by Bailing out the Banks
Employers are not hiring veterans. According to military.com, employers are concerned about veteran skills translation, skill mismatch, future deployments and veteran acclimation. Many also hold negative stereotypes, believing veterans are…
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The SBA Predicted the Current Franchise Loan Fraud Crisis in 2002
0n September 16, 2002, the SBA Office of the Inspector General (OIG) submitted a report entitled “The SBA’s Experience with Defaulted Franchise Loans.” At the bottom of page 1 and…
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SBA Now Faults Lenders and May Not Pay Franchise Loan Guarantees in the Future
On August 15, 2018, the SBA Office of the Inspector General drew a conclusion that could damn the franchise industry. That conclusion reads: The conclusion comes at the end of…
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In 2011, the SBA Office of Inspector General Found Fault in SBA Franchise Lending Practices
On July 13, 2011, the Small Business Administration Office of the Inspector General released an audit report entitled, “Banco Popular did not Adequately Assess Borrower Repayment Ability When Originating Huntington…
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The SBA isn’t Enforcing Rules that Would Prevent Franchise Fraud
Believe it or not, the Small Business Administration’s Standard Operating Procedures already have rules in place that would prevent much of the mass franchise fraud that is harming taxpayers. But…
