Rug Decor Franchise Registered and Approved by SBA
September 14, 2007 // Franchising.com // - St. Louis – Rug Decor, a specialty rug retail franchise has been approved by the U.S. Small Business Administration (SBA) for listing on the SBA's Franchise Registry. The SBA approval expedites the process for Rug Decor franchisees to obtain SBA loans and makes it simple for new owners to start their business with the growing retail concept.
The Franchise Registry is a national on-line listing of franchise systems whose franchisees, both existing and new, receive streamlined loan processing. It is operated by FranData in partnership with the SBA. To be listed on the Registry, both FranData and the SBA officially state the Rug Decor franchise system and franchise contract documents meet the SBA's strict eligibility criteria. Approximately 19% of all franchise systems enjoy the privilege and benefit of being listed on the Franchise Registry.
According to Scott Hayim, president of Rug Decor, the brand listing on the Registry positions Rug Decor and the franchisees for continued growth. "We put forth a lot of effort and deliberation in continually expanding and supporting our Rug Decor system nationwide, and achieving an approved status with the SBA is a testament we are on the right path," said Hayim.
When opening a franchise, the financing process can be one of the most difficult hurdles to overcome, but the Franchise Registry makes it easier to join the expanding Rug Decor system. The company is currently seeking qualified candidates to open 40 additional locations by the end of 2009.
"Our mission as a franchisor is to provide the very best systems and support to our franchisees so that each one has the power to a successful Rug Decor store owner," said Mark Jameson, Vice President of Franchise Development. "We are glad to add the privileges the SBA approval provides alongside our existing franchisee benefits we offer.
About Rug Decor
Rug Decor is a growing system of specialty retail stores selling branded, fashion oriented area rugs with operations in 37 markets throughout the United States. Backed by strong buying power among its affiliates, Rug Decor carries a selection of thousands of affordable area rug choices from the leading and private brands to compliment any room design theme. Purchased by CCA Global Partners in 2000, Rug Decor began franchising in June of 2000. Stores are available to qualified candidates in a limited number of U.S. markets. For Rug Decor franchise opportunities, please contact Mark Jameson at 800-466-6984, ext. 1136 and visit www.rugdecor.com. For more information, you can visit the SBA's Franchise Registry website at: www.franchiseregistry.com.
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