In this week's Franchise Update, we have news from the Small Business Administration, as well as news on fast food franchises.
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Reports in the Washington Post say that the US Treasury is now finalizing plans for a 15 billion dollar bailout of the SBA. The plan involves using funds from the federal bailout program to purchase SBA loans. IFA president Matthew Shay, along with other leading figures in the franchising industry, met with officials in the Treasury Department last week, in order to press for urgent action to shore up credit lines to small business.
A new report from CNN says that America’s big fast food chains are considering embracing environmentally-friendly buildings in what may be the future of architecture for food franchises. CNN states that McDonalds are rolling out test stores, like its one Cary, North Carolina which opened this week, that utilize green technologies such as energy efficient appliances, daylight-harvesting technologies and low-flow toilets.
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