UFood Restaurant Group, Inc. (OTCBB:UFFC) is pleased to report that it has submitted an application for listing on the Franchise Registry with the U.S. Small Business Administration. The Franchise Registry lists names of franchise systems whose franchisees enjoy the benefits of a streamlined review process for U.S. Small Business Administration (SBA) financings. Loan applications for franchises on the Franchise Registry can be reviewed and processed more efficiently and quickly by SBA and its lenders because the respective franchise agreements do not need to be reviewed in each individual franchisee situation.
“Part of the Company’s strategy to expand franchise locations is supported by offering first-class operational and development support,” said George Naddaff, the Company’s Chairman and CEO. “Applying to be listed on the Franchise Registry is a way of improving the probability that its franchisees will find start-up, renovation or expansion funds. Franchising tries to alleviate the uncertainties by having ready answers and with a proven system in place to follow and we determined it was important to do whatever we could to expedite the financing process, which included pursuing a listing on the SBA Franchise Registry.”