Yes, an SBA underwriter will typically look to the SBA franchise directory to see if the franchise is on their approved list. The SBA has a list of approved franchises that meet its guidelines for franchise business opportunities. This list is known as the “SBA Franchise Directory”.
In order to be listed on the SBA Franchise Directory, a franchise must meet certain criteria, such as:
- A history of successful operations
- A proven track record of creating jobs
- Financial stability of the franchisor
- A strong management team
- Adequate capital and resources
- Compliance with all applicable laws and regulations
The SBA regularly reviews and updates the Franchise Directory to ensure that it only includes franchise concepts that meet these criteria. If a franchise is not on the SBA's approved list, the underwriter will have to evaluate the franchise's own merits, which will take more time and might be more difficult for the franchisee to get approved.
It's worth noting that the SBA does not endorse any particular franchise, but rather it only provides a list of franchises that meet the established standards for inclusion in the Franchise Directory.
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