Under which exhibit can I find the SBA Addendum for a Budget franchise?

According to Budget's 2025 Franchise Disclosure Document, the SBA Addendum to the Franchise Agreement is attached as Exhibit H-1. This addendum is relevant if a franchisee obtains financing through the Small Business Administration (SBA). It is a standard document used when SBA financing is involved in a franchise purchase, ensuring that the franchise agreement aligns with SBA requirements.

Prospective Budget franchisees who plan to seek SBA financing should carefully review Exhibit H-1. This document likely contains provisions related to the SBA's requirements and how they interact with the standard Budget franchise agreement. Understanding these terms is crucial for securing and maintaining SBA financing.

It is common practice for franchisors to include an SBA addendum as an exhibit in their FDD, especially if they are listed on the SBA Franchise Directory. This simplifies the financing process for franchisees by providing a pre-approved agreement that meets SBA standards. Franchisees should consult with legal and financial advisors to fully understand the implications of the SBA Addendum and how it affects their rights and obligations under the franchise agreement.