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Log In / Register | May 23, 2013

Matco Franchisees Allege SBA Loan Fraud

Posted Tue, 2011-11-15 12:10 by Janet Sparks
TD Bank, Washington D.C. Chinatown
TD Bank, Chinatown, D.C. by Matt Bisanz, wikipedia

Franchisees David Villano III and his father David Villano, Jr. are accusing Matco Tools, with accomplice TD Bank, of devising a secret scheme that allowed the franchisor to sell franchises through fraudulent small business loans.

SBA Liar Loans Are Not Surprising

Posted Mon, 2011-10-03 16:58 by Bob Snelling

Regarding the current exposé by Blue MauMau on bogus franchise loans by bankers, loan brokers and franchisees in order to have Small Business Administration-guaranteed loans for otherwise bad investments...

Liar Loans Pt 5: Different Books for Different Folks

Posted Mon, 2011-10-03 10:09 by Don Sniegowski
See no evil, hear no evil, speak no evil
Representing the franchise lending process? photo/rose robinson

LEXINGTON, Ky. — Franchisees of Huntington Learning Center, The Coffee Beanery and more say that the system was stacked against them. What irks them is that their franchisors had access to the real numbers while they struggled to get a scrap of financial information, any information, from a single store.

Part 3: Advice on SBA Liar Loans

Posted Mon, 2011-09-26 01:31 by Don Sniegowski

Franchisees often dream of owning their own business that blinds their due diligence effortsWASHINGTON — Loan experts say that franchise owners should check for themselves if their loan applications are filled with bogus numbers. Franchisees say easier said than done. SBA liar loans are stacked against them.