June 20, 2008 // Franchising.com // - DALLAS – Pet Butler, the nation's leading pet waste removal service, has been approved for the Franchise Registry through the Small Business Administration (SBA). The SBA has been working with franchisors, franchisees, and lenders for years to streamline franchise loan processes.
By being included in the Franchise Registry, potential buyers can purchase a Pet Butler franchise while saving time and money. The SBA Franchise Registry assists participating lenders with eligibility decisions, providing speedy access to SBA financial assistance and streamlining processing during the loan review process in order to expedite the loan application. The Registry enables lenders and SBA local offices to verify a franchise system's lending eligibility online.
The Registry selection process for franchise operations is a lengthy one. Pet Butler submitted applications and financial information to the SBA and FRANdata, the Registry operator. To date, Pet Butler is one of a few pet industry franchise operations included on the Franchise Registry.
"Being approved for the SBA Franchise Registry is important to Pet Butler because it provides approved franchise candidates with easy access to loans they might not be able to get otherwise. Many potential franchise partners looking to join the Pet Butler family can now move through the loan process much more quickly," said Matt 'Red' Boswell, CEO (Chief Excrement Officer) of Pet Butler. "The SBA loan program enables franchise partners to secure the funding needed to launch their business at terms that are more competitive than traditional bank loans. This reduces the loan processing time and cost of borrowing money to launch their new Pet Butler business."
Pet Butler launched its franchise operations in the fall of 2005 and has more than 125 franchises in 27 states. The company generated more than $3.5 million in revenue in 2007 and expects substantial growth, including the addition of 50 franchises, in 2008.
About Pet Butler
Pet Butler provides professional pet waste cleanup and removal services and supplies for individual yards, parks, and multi-family communities. The company's mission is to make life more convenient, enjoyable, and safe for pet owners and to give them more quality time with their pets and families. Together with its nationwide network of franchise partners, the company has been cleaning up poop for 20 years.
About the SBA
The mission of the United States Small Business Administration (SBA) is to maintain and strengthen the nation's economy by aiding, counseling, assisting, and protecting the interests of small businesses. F
About FRANdata
FRANdata is the only objective source for information about franchising in the United States. Providing research, analysis, data, lists and UFOCs, FRANdata services all audiences involved in franchising: franchisors, franchisees, and suppliers of all types.
###
