Maine Franchise Owners Association

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Maine ‘crowd investing’ bill becomes law

March 11, 2014 By admin

The measure is designed to help Maine start-ups raise funds from small investors. J. Craig Anderson  at the Portland Press Herald reports that a measure allowing Maine businesses to raise up to $1 million through “crowd investing” became law Monday. The bill, L.D. 1512, “An Act To Increase Funding for Start-ups,” was approved overwhelmingly in […]

Filed Under: Economic Development in Maine, Featured, Maine Tagged With: business development, economic development, economic impact, Economic Outlook, economy, Expansion, finance, franchise finance, franchise job creation, Maine Franchise Owner

First Annual Maine Franchise Owners Franchise Business Day and Legislators Meet & Greet set for January 29th

December 30, 2013 By admin

The Maine franchise owner community is invited to attend the First Annual Maine Franchise Owners Franchise Business Day and Legislators Forum on January 29, 2014.  The event will begin at 1 p.m with the “Franchise Business Day” forum to share timely information, best practices and resources for Maine franchise owners. A Franchise Owner and Legislators […]

Filed Under: Economic Development in Maine, Featured, Franchising in Maine, Government Relations, Maine, Maine Franchise Owners Tagged With: business development, business owners, economic development, economic impact, Economic Outlook, economy, Expansion, Fair Franchising, finance, franchise finance, franchise job creation, franchise owners, franchised business, franchised businesses, franchisees, franchising, Maine Franchise Owner, Maine Franchise Owners, MFOA Sponsor, Sponsor, state law

GAO Report of SBA Franchise Lending Reveals Program Failures

December 4, 2013 By admin

GOA Report Findings: The Government Accountability Office (GAO) published a report identifying that loans to certain franchise companies failed at a higher rate.  From 2003 to 2012, the SBA guaranteed loans for more than $10.6 billion to franchise businesses and was forced to make payments on about 28 percent of those loans. Analysis of guaranteed […]

Filed Under: Featured, Finance, Franchise Economics, Franchising Tagged With: business development, economic development, economic impact, economy, Expansion, finance, franchise finance, franchise owners, franchising, SBA, SBA Backed Loan

Maine’s Small Business Administration Wants To Help You

November 25, 2013 By Courtney O'Hara

The Small Business Administration (SBA) believes “giving small employers a voice early in the process is key to reducing the negative impact of regulations on small businesses, increasing the level of regulatory compliance, and passing on cost savings to state economies. Regional Advocates help identify regulatory concerns of small business by monitoring the impact of […]

Filed Under: Economic Development in Maine, Featured, Finance, Maine Tagged With: business development, business owners, economic development, economic impact, economy, Expansion, finance, Loans, maine, SBA Backed Loan

Caribou Maine is Open for Business!

October 30, 2013 By Courtney O'Hara

What does a Certified Business Friendly Community that happens to be the second largest city in Aroostook County,with a population of a little more than 8,000 people have to offer you? A chance to expand your business. Caribou, Maine already has a number of franchise brands including Burger King, McDonald’s, Dunkin’ Donuts, Tim Horton’s, Subway, […]

Filed Under: Economic Development in Maine, Featured Tagged With: business development, Caribou, economic development, economic impact, economy, Expansion, finance, franchise finance, franchise job creation, franchise owners, franchised business, franchised businesses, franchisees, franchising, maine, Maine Franchise Owner, Maine Franchise Owners

U.S. Government Reopens, Franchise Owners are Relieved

October 17, 2013 By admin

BlueMauMau – WASHINGTON—After sixteen days of a shutdown, the House of Representatives voted to approve a Senate deal to end the U.S. federal shutdown and to extend the debt ceiling. The budget compromise won 285-144, a larger margin than anticipated. The final act by the House funds the government until January and allows the Treasury […]

Filed Under: Featured, Government Relations Tagged With: business development, economic impact, Economic Outlook, economy, Expansion, finance, franchise owners, franchised businesses, franchisees, franchising, Government Relations

Maine is one of the States Most Adversely Affected by the US Government Shutdown!

October 16, 2013 By admin

According to analysis by personal-finance site WalletHub,Virginia, Alaska, Alabama, District of Columbia and Maine are the five states most affected by the shutdown. In the past couple of years, the small businesses in the states listed above have had the highest rates of borrowing when it comes to SBA-guaranteed loans, according to WalletHub’s research. All […]

Filed Under: Economic Development in Maine, Featured Tagged With: business development, economic development, economy, Expansion, finance, franchise finance, franchise owners, franchised business, maine

Franchisees Suffer as Shutdown Hurts Sales, Expansion Plans

October 16, 2013 By admin

Excerpts below are from an article written by Kate Taylor at Entrepreneur.com As the government shutdown drags on, some franchise owners have struggled with sales while others have been forced to put their expansion plans on ice. Last Thursday, Ron Putman was ready to serve 35,000 estimated attendees at the Miramar Air Show in San Diego. […]

Filed Under: Government Relations Tagged With: economic development, economic impact, Economic Outlook, economy, Expansion, finance, franchise finance, franchise owners, franchised business, franchisees, Government Relations

Maine Lender to Support Small Business Owners

October 1, 2013 By admin

Bill Whitmore, who has operated franchised fitness centers, will offer financing and other business services. He has launched a new lending institution focused on providing commercial financing to the region’s entrepreneurs, franchise owners and small-business owners. Whitmore has operated and sold several Planet Fitness franchises in Maine, said in a news release that his latest […]

Filed Under: Finance Tagged With: finance, franchise finance, Gold Beacon Capital, maine, Planet Fitness, SBA

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Recent Posts

  • FTC Commissioner Chopra Talks Franchise Issues on CNBC September 25, 2020
  • Schakowsky, Scanlon, Jayapal Send Letter to FTC September 25, 2020
  • Senator Cortez Masto (NV) Sends Letter to FTC Concerning Covid-19 Issues May 1, 2020
  • Keith Miller Testifies in Oregon, House Interim Committee On Business and Labor December 1, 2019
  • 2019 Dickey’s BBQ Update October 2, 2019
  • Senator Cortez Masto Introduces SBA Franchise Loan Transparency Act July 31, 2019
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mainefoa Maine Franchise Owners @mainefoa ·
1 May 2020

Senator Cortez Masto (NV) Sends Letter to FTC Concerning Covid-19 Issues http://mainefranchiseowners.org/senator-cortez-masto-nv-sends-letter-to-ftc-concerning-covid-19-issues/

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fairfranchising Fair Franchising Initiative @fairfranchising ·
21 Mar 2020

Hotel Small Business owner's first priority is their Millions of Great employees and their families. Small Business Hotel Owners want to help the federal government in efforts to fight Covid-19 @SpeakerPelosi @senatemajldr @SenSchumer

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mainefoa Maine Franchise Owners @mainefoa ·
1 Mar 2020

Our Government Protects All Consumers… Except Franchisees! - American Association of Franchisees & Dealers https://www.aafd.org/our-government-protects-all-consumers-except-franchisees/

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mainefoa Maine Franchise Owners @mainefoa ·
1 Mar 2020

Registration is now open for 2020 CFA Registration is now open for 2020 CFA Day! Join us in DC on May 20 for an important day on the Hill. http://www.magnetmail.net/actions/email_mobile_web_version.cfm?recipient_id=743713135&message_id=18213463&user_id=NFA_&jobid=47068265

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mainefoa Maine Franchise Owners @mainefoa ·
1 Mar 2020

This is a perfect example of the type of legislation needed in Maine to protect local franchise owners.

Keith R Miller @FranchiseeAdvoc

Thank you Rep. Chris Mattos and the 9 bipartisan additional sponsors for introducing Vermont H.890, a comprehensive fair franchising bill. https://www.linkedin.com/posts/keith-miller-a42a5853_draft-bill-template-activity-6638858502699831296-4bNC

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Franchise Links of Interest

Franchise News: Blue MauMau

Maine Small Business Association

Maine Offices of SCORE

American Association of Franchisees & Dealers

Coalition of Franchisee Associations

Franchisee Advocacy Consulting

New England Franchise Association

Unhappy Franchisee

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