Are Batteries Plus Bulbs franchisees eligible for expedited SBA loan processing?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation. Batteries Plus® franchisees may be eligible for expedited Small Business Administration (the "SBA") loan processing through the SBA's Franchise Registry Program, www.franchiseregistry.com.
Source: Item 10 — Financing (FDD page 34)
What This Means (2025 FDD)
According to the 2025 Batteries Plus Bulbs FDD, Batteries Plus Bulbs does not offer direct or indirect financing to franchisees, nor do they guarantee any financial obligations of the franchisee. However, Batteries Plus Bulbs franchisees may be eligible for expedited Small Business Administration (SBA) loan processing through the SBA's Franchise Registry Program.
This means that while Batteries Plus Bulbs itself will not provide funding, the franchise system is recognized by the SBA, potentially streamlining the loan application process for prospective franchisees. The SBA's Franchise Registry Program is designed to help lenders expedite loan reviews for franchise systems that meet certain criteria.
To determine eligibility and to understand the specific requirements and benefits of the SBA's Franchise Registry Program, prospective franchisees should visit www.franchiseregistry.com. It is important to note that eligibility for expedited processing does not guarantee loan approval, as the SBA and individual lenders will still assess the franchisee's creditworthiness and business plan.