SBA Loans for LIVE Hydration Spa Franchises

1. . Lender/CDC must ensure they secure the appropriate lien position on all collateral in accordance with SOP 50 10. 2. When the real estate where the franchise business is located will secure the SBA loan, the Lease Agreement Rider or the Collateral Assignment of Lease, may not be executed. 3. If Applicant also operates under a management agreement with a third party, Lender/CDC must review the management agreement in accordance with SOP 50 10 to determine if there is affiliation between the Applicant and the management company. The Applicant is not eligible if the management company is, or is affiliated with, the franchisor.4. This brand represents a business that offer services which require professional licenses to operate. Lender needs to ensure that the ownership structure meets all applicable state requirements for the state where they are located as required pursuant to the SOP 50 10.