Glossary · People and paperwork
In short
The company that grants the right to operate a franchise business using its brand, system, and trademarks. You'll deal directly with them if you're buying a franchised business.
If you're acquiring a franchised business, the franchisor must approve you as a new franchisee. Lenders require franchised businesses to be listed on the SBA Franchise Directory. Understand the franchise agreement and ongoing fees before committing to the purchase.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
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