{"id":18216,"date":"2016-01-11T15:02:37","date_gmt":"2016-01-11T15:02:37","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=18216"},"modified":"2026-07-13T11:06:32","modified_gmt":"2026-07-13T15:06:32","slug":"small-business-administration-loan-approvals-up-22-percent","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/small-business-administration-loan-approvals-up-22-percent","title":{"rendered":"Small Business Administration Loan Approvals Up 22%"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-18217\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/statistics-76197_640-620x438.jpg\" alt=\"small business administration loan approvals up 22%\" width=\"648\" height=\"458\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/statistics-76197_640-620x438.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/statistics-76197_640-320x226.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/statistics-76197_640.jpg 640w\" sizes=\"auto, (max-width: 648px) 100vw, 648px\" \/><\/p>\n<p>2016 is starting off on the right foot for potential franchise business <strong><a title=\"owners of a franchise\" href=\"https:\/\/www.thefranchiseking.com\/experience-thrill-franchise-ownership\">owners<\/a><\/strong>, as you&#8217;ll see from the statement below.<\/p>\n<p>From Maria Contreras-Sweet, Administrator of the U.S. Small Business Administration:<\/p>\n<blockquote><p>&#8220;<em>I am proud that Fiscal Year 2015 was one of the most successful years in SBA\u2019s history. It was a record year in small business lending, a record year in investment, and a record year in contracting. SBA reached historic levels for small business lending under our flagship 7(a) program. We reached $23.5 billion dollars in gross approvals, a 22 percent increase in the number of loan approvals, and a 23 percent increase in the dollar value of those loans, compared to FY 2014<\/em>.&#8221; <a title=\"sba loan approvals up\" href=\"https:\/\/www.sba.gov\/content\/statement-sba-administrator-maria-contreras-sweet-small-business-committee-hearing\" target=\"_blank\" rel=\"noopener\">More<\/a><\/p><\/blockquote>\n<h2>Small Business Administration Loan Approvals Up 22%. Things Are Getting Better<\/h2>\n<p>A statement like that from the SBA is proof that things have finally started to turn around for those looking to start businesses-especially franchise businesses.<\/p>\n<p>Most of the people who come to me for help don&#8217;t have the financial means to simply write a check for $250,000 to open the franchise of their dreams. <a href=\"https:\/\/www.thefranchiseking.com\/franchise-business-financing\">Obtaining a small business loan<\/a> is crucial for those wanting to take their shot at small business ownership.<\/p>\n<p>It&#8217;s great to hear that the SBA&#8217;s loan approval rate is up so much.<\/p>\n<p>(<em>Disclosure: I write a monthly article on franchising for SBA.gov<\/em>)<\/p>\n<h2>I Remember<\/h2>\n<p>10-15 years ago it was much easier to obtain a small business loan for a franchise business.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-18219\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/house-431604_640-620x465.jpg\" alt=\"home\" width=\"620\" height=\"465\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/house-431604_640-620x465.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/house-431604_640-320x240.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/house-431604_640.jpg 640w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/p>\n<p>Would-be franchise business owners could simply march into their local bank and apply for a home equity loan&#8230;or a home equity line of credit. Approval would take a week or two, and like magic, a franchise could be purchased. With interest rates at the time hovering around 4%, using one&#8217;s home equity was a no-brainer. Lots of franchises were sold. Lots of new franchise businesses were opened. Lots of downsized employees were able to wave goodbye to corporate America and start working for themselves.<\/p>\n<h2>Time For You To Do It?<\/h2>\n<p>Is it <em>your<\/em> time to do it?<\/p>\n<p>Are you going to make 2016 <em>the year<\/em>?<\/p>\n<p>The year you took more control of your life?<\/p>\n<p>If so, and you feel that owning a franchise can help you get where you want to go, read (<em>and profit from<\/em>) my top tips for buying a franchise in 2016.<\/p>\n<p><strong><a title=\"tips for buying a franchise\" href=\"https:\/\/www.thefranchiseking.com\/ten_tips\">The Top Tips For Buying A Franchise In 2016<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2016 is starting off on the right foot for potential franchise business owners, as you&rsquo;ll see from the statement below. From Maria Contreras-Sweet, Administrator of the U.S. Small Business Administration: &ldquo;I am proud that Fiscal Year 2015 was one of the most successful years in SBA&rsquo;s history. It was a record year in small business [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18217,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[60,62],"tags":[1693,1444],"class_list":["post-18216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sba-gov","category-small-business","tag-sba","tag-sba-loans-for-franchises"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Small Business Administration Loan Approvals Up 22% &#8212; The Franchise King\u00ae<\/title>\n<meta name=\"description\" content=\"Good news: Small Business Administration loan approvals are up 22% according to SBA Administrator\u00a0Maria Contreras-Sweet.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/small-business-administration-loan-approvals-up-22-percent\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Business Administration Loan Approvals Up 22%\" \/>\n<meta property=\"og:description\" content=\"Good news: Small Business Administration loan approvals are up 22% according to SBA Administrator\u00a0Maria Contreras-Sweet.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thefranchiseking.com\/small-business-administration-loan-approvals-up-22-percent\" \/>\n<meta property=\"og:site_name\" content=\"The Franchise King\u00ae\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-11T15:02:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-13T15:06:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/statistics-76197_640.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"452\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Joel Libava\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/small-business-administration-loan-approvals-up-22-percent#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/small-business-administration-loan-approvals-up-22-percent\"},\"author\":{\"name\":\"Joel Libava\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/person\\\/b560fd324f6df9be52ac875e631beb66\"},\"headline\":\"Small Business Administration Loan Approvals Up 22%\",\"datePublished\":\"2016-01-11T15:02:37+00:00\",\"dateModified\":\"2026-07-13T15:06:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/small-business-administration-loan-approvals-up-22-percent\"},\"wordCount\":398,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/small-business-administration-loan-approvals-up-22-percent#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/statistics-76197_640.jpg\",\"keywords\":[\"sba\",\"sba loans for franchises\"],\"articleSection\":[\"SBA.gov\",\"Small Business\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2016\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/small-business-administration-loan-approvals-up-22-percent\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/small-business-administration-loan-approvals-up-22-percent\",\"name\":\"Small Business Administration Loan Approvals Up 22% &#8212; 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Subscribe to my free VIP Franchise Newsletter.","sameAs":["https:\/\/www.thefranchiseking.com","https:\/\/www.instagram.com\/thefranchchiseking1","https:\/\/linkedin.com\/in\/joellibava","https:\/\/in.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/JoelLibava"],"knowsAbout":["Franchising"]}]}},"_links":{"self":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/18216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/comments?post=18216"}],"version-history":[{"count":1,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/18216\/revisions"}],"predecessor-version":[{"id":52162,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/18216\/revisions\/52162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media\/18217"}],"wp:attachment":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media?parent=18216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/categories?post=18216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/tags?post=18216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}