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Stay informed with the latest finance articles, features, and advice columns by browsing Franchise Update's finance article directory. Page 1 of 1 1 Franchisors: Spread the Word on Tax Credits FEB. 24, 2010 06:00:00 AM  |  BY JEFF NEWCORN There are three essential areas of focus in a successful business: operations, sales, and financials. For the purpose of this discussion, let's assume you have a well-run operation and are doing as good a job as possible to maintain or increase sales. For most businesses, the easiest and most fun parts of the business are running it and having lots of happy and repeat customers. Read Full Story Rating: 4 / 5 Comments (1) Permalink Capital Matters NOV. 13, 2009 09:00:00 AM  |  FRANCHISE UPDATE A Nov. 2 article in The Boston Globe puts numbers on what everyone in franchising and already knows: large national banks that received billions in bailout funds are not making SBA 7(a) loans to small businesses. Bank of America (more than $45 billion in bailout funds) reportedly made only eleven 7(a) loans in Massachusetts in the year (totaling $240,500) ending in September - down from 54 loans totaling $1.6 million the year before. While some smaller banks that received taxpayer funds were tarred with the same brush, the article also noted that "Some of the state's smallest - and most stable - banks have been filling part of the lending void." Read Full Story Rating: 0 / 5 Comments (2) Permalink Focus on Finance SEP. 10, 2009 08:00:00 AM  |  FRANCHISE UPDATE On September 1, the SBA announced revisions in its Standard Operating Procedure for financing of goodwill in resale transactions under its 7(a) program. The changes, which take effect October 1st, supersede revisions made in March that limited the amount of goodwill financing for resales to $250,000 or 50 percent of the loan amount, whichever was lower. Read Full Story Rating: 0 / 5 Comments (1) Permalink FPRs: Not for Everybody: Why Many Franchisors Still Don't Make Them AUG. 31, 2009 06:00:00 AM  |  BY EDDY GOLDBERG Last year, our third quarter cover story on Item 19 urged franchisors to disclose more financial performance information in their FDD. After all, the FTC's amended Franchise Rule, which became mandatory July 1, 2008, contained language intended to make it easier for franchisors to make financial performance representations (FPRs; formerly known as earnings claims) Read Full Story Rating: 0 / 5 Comments (0) Permalink Challenge The Pros: Inside Info From Those In The Know MAR. 16, 2009 08:00:00 AM  |  FRANCHISE UPDATE MAGAZINE "How has the capital market for franchise financing changed in the last 3 to 6 months, and what are you doing differently in franchise sales in the next 3 to 6 months?" Read Full Story Rating: 0 / 5 Comments (2) Permalink How Will Wall Street's Meltdown Affect Small Business, in particular, Franchising in the U.S.? SEP. 25, 2008 08:00:00 AM  |  BY MICHAEL SEID Before I answer your question I think a bit of historical background is important. Our economy is where it is today because we chose not to learn from what we did in the past. I remember after the bubble broke following the dot-com meltdown we were faced with similar questions. And we moved through those troubled times to what became one of the best environments for the growth of small business and certainly franchising. It is a fact of life in our economic marketplace that business cycles happen. Business cycles in the United States have always produced a beneficial cleansing although living through the corrections is always painful in the short term. Read Full Story Rating: 2 / 5 Comments (2) Permalink Page 1 of 1 1