GOA Report Findings: The Government Accountability Office (GAO) published a report identifying that loans to certain franchise companies failed at a higher rate. From 2003 to 2012, the SBA guaranteed loans for more than $10.6 billion to franchise businesses and was forced to make payments on about 28 percent of those loans. Analysis of guaranteed […]
Maine’s Small Business Administration Wants To Help You
The Small Business Administration (SBA) believes “giving small employers a voice early in the process is key to reducing the negative impact of regulations on small businesses, increasing the level of regulatory compliance, and passing on cost savings to state economies. Regional Advocates help identify regulatory concerns of small business by monitoring the impact of […]
Maine Franchise Owners Association Holds Open House in Portland
On Wednesday, November 6th, 2013 at the offices of the Maine Franchise Owners Association (MFOA), various franchise owners, vendors, and government officials attended the MFOA open house in Portland. MFOA is an independent organization of franchise owners in Maine that is committed to helping franchise owners grow, expand, and create more jobs for the citizens […]
Dunkin’ Donuts Franchise Owner Opens New Shop in Farmingdale, Maine
Normand and Joline Boulay, the owners of Farmindale’s newest business, Dunkin Donuts, welcomed friends and neighbors to celebrate with them and win some fabulous prizes. The Farmingdale Dunkin Donuts is the fourth one for the Boulays — two others located in Lewiston and one in Gardiner. Normand and Joline Boulay, expressed their excitement and satisfaction […]
American Bar “Wizards” Wish for Franchise Law Reform
Janet Sparks at Blue MauMau attended the American Bar Association’s 36th Forum on Franchising, she writes: Not all wizards are known for their magical powers. Some are identified by their skill and knowledge about a particular topic, said Joseph J Fittante, Jr., moderator of this year’s American Bar Association’s 36th Forum on Franchising plenary session, in introducing this year’s […]
Caribou Maine is Open for Business!
What does a Certified Business Friendly Community that happens to be the second largest city in Aroostook County,with a population of a little more than 8,000 people have to offer you? A chance to expand your business. Caribou, Maine already has a number of franchise brands including Burger King, McDonald’s, Dunkin’ Donuts, Tim Horton’s, Subway, […]
Avis Lawsuit Represents What’s Bad in Franchising
Edward Kushell writes on BlueMauMau that he was an expert witness for Robert Halcro and Alaska Rent A Car in the recent case that awarded $19 million to the Avis franchise owner in Alaska. Edward Kushell is president and founder of The Franchise Consulting Group. He has been a franchisor with 400 units, a multiunit franchise […]
U.S. Government Reopens, Franchise Owners are Relieved
BlueMauMau – WASHINGTON—After sixteen days of a shutdown, the House of Representatives voted to approve a Senate deal to end the U.S. federal shutdown and to extend the debt ceiling. The budget compromise won 285-144, a larger margin than anticipated. The final act by the House funds the government until January and allows the Treasury […]
Franchise Owners Add 15,040 Jobs In September
ROSELAND, N.J. – October 16, 2013 – U.S. private-sector franchise jobs increased by 15,040 during the month of September 2013, according to the ADP National Franchise Report. The report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics, Inc. and is published by the ADP […]
Maine is one of the States Most Adversely Affected by the US Government Shutdown!
According to analysis by personal-finance site WalletHub,Virginia, Alaska, Alabama, District of Columbia and Maine are the five states most affected by the shutdown. In the past couple of years, the small businesses in the states listed above have had the highest rates of borrowing when it comes to SBA-guaranteed loans, according to WalletHub’s research. All […]