Perkins Restaurant & Bakery announced today that it has been listed on the U.S. Small Business Administrationâ€™s (SBA) Franchise Registry, paving the way for a more streamlined application process and expedient loan processing time for franchisees. According to Bob Winters, Senior Vice President, Development for Perkins, â€œOur presence on the SBA registry will benefit our franchisees by simplifying loan processing times, ensuring more consistent decision making and allowing for industry specific considerations. As a leader in the family restaurant franchise segment, we welcome and appreciate this improved scenario and the service it provides.â€
Traditionally the financing of new restaurants has been a tedious and painstaking process. According to the SBA Franchise Registry website, www.franchiseregistry.com, â€œThe Registry enables lenders and SBA local offices to verify a franchise systemâ€™s lending eligibility through the Internet. This reduces red tape, time and costs for all concerned.â€ Carry on reading this article.