Franchises eating up SBA loans

Number 14913
Subject Health Care
Source Star-Ledger (Newark, N.J.)
State NJ
Year 1998
Publication Date 10/25/98
Summary "A surge in loans backed by the Small Business Administration has given the federal government a growing stake in the proliferation of New Jersey's fast-food outlets....(the fast food sector), comprised largely of franchises, is the SBA's largest customer, consuming about $1 of every $6 loaned under the SBA's popular 7(a) program in New Jersey, or 143.8 million from 1993 through fiscal 1998..But dentists take a healthy bite too...Dentists often meet the agency's criteria as small-business owners who need capital to establish themselves or buy equipment..."
Category General
Pages 2
Keywords SBA;loans;business;small business;start-up;financing;food service;franchise;dentistry
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