Will Carvel modify the Franchise Agreement to comply with SBA requirements for participation in certain SBA loan programs?

According to Carvel's 2025 Franchise Disclosure Document, Carvel participates in the SBA's Franchise Directory. This means that Carvel has already taken steps to meet some of the SBA's requirements for franchise eligibility.

Furthermore, Carvel states that it "may modify the Franchise Agreement, if necessary, to comply with SBA requirements for you to participate in certain SBA loan programs." This indicates that Carvel is willing to work with franchisees to ensure they can access SBA loan programs, which can be a significant benefit for those needing financial assistance to start their franchise.

However, the FDD does not guarantee that Carvel will modify the Franchise Agreement in all cases. The modification is contingent on it being "necessary" for the franchisee to participate in specific SBA loan programs. A prospective franchisee should discuss with Carvel under what specific circumstances they would modify the agreement and what aspects of the agreement are most likely to be subject to change to meet SBA requirements.