IFA Re-Launches Veterans Franchise Program
Washington, DC--The nation's veterans have gotten aboost toward achieving the dream of small-business ownership as theInternational Franchise Association re-launches VetFran (theVeterans Transition Franchise Initiative), a program designed toease their entry into the rapidly growing sector. Nearly 60franchise company members of the IFA have agreed to waive or lowerthe required franchise fee to 10 percent or less of initialinvestment in an effort to share the opportunities of franchisingwith veterans. Phase One of the program enlisted companies withinitial investments below $150,000, the maximum loan amount onwhich the SBA will offer 85 percent loan guarantees.
VetFran was initially launched during the Gulf War, and morethan 100 IFA member companies participated. -InternationalFranchise Association