Streamlines Loan Process for Current, Potential Franchise Owners
August 04, 2010 // Franchising.com // ATLANTA - Leading home-based caregiving franchisor, AmeriCare, announced their approval of, and addition to, the U.S. Small Business Administration (SBA) Franchise Registry. The Franchise Registry is a compilation of franchise systems whose franchise agreements have been reviewed by the SBA, thereby shortening the loan process for franchise investors and ensuring a consistent eligibility decision for loans.
"Our approval and addition to SBA's Franchise Registry is another step to simplify the process of ownership for AmeriCare franchisees," said Debra Reis, president AmeriCare. "One of the most pressing concerns our franchisees have faced is access to capital to start or grow their business in today's financial environment. Our approval means that current and potential AmeriCare franchisees benefit immediately from a streamlined review process for their SBA loan application."
Known for their dedication to pre- and post-sale support of their franchisees, AmeriCare dedicates resource to help streamline and support potential franchisees desire to own a caregiving services franchise. The listing on the Franchise Registry is part of their efforts to help more people own an AmeriCare franchise. Currently, less than 20 percent of franchisors meet the demanding standards for eligibility and approval to SBA's Franchise Registry.
Today's announcement supports the company's larger national growth strategy. Currently AmeriCare franchises serve people in need of caregiving services in 17 U.S. markets, the company's national expansion plans include particular emphasis on the Southeast, Mid-Atlantic and West Coast regions. In addition to being approved and added to the SBA Franchise Registry, AmeriCare is also a member in good-standing with the International Franchise Association, the oldest and largest organization representing franchising worldwide.
Founded in 2003, AmeriCare provides families the option to keep loved ones in the comfort of their home while providing quality caregiving to seniors, new parents, those with degenerative illnesses and those recovering from surgery. Families can create customized care plans and choose from a selection of quality, licensed, pre-screened caregivers to create the best match to meet their needs and who work with individuals to create a unique customized care plan, free of limitations or restrictions. Nationwide, more than 34 million Americans personally care for a family member in need and, with the population aging, the number of families in need of quality, flexible caregiving services continues to rapidly rise. The master franchise company currently offers caregiving services in California, Florida, Georgia, Maryland, Massachusetts, North Carolina, South Carolina, Oregon, Tennessee, Texas, and Utah.