During congressional testimony before U.S. House Small Business Committee, Army Veteran Frank Wetegrove discusses recent changes to SBA lending process, highlights importance of the Franchise Directory

WASHINGTON, D.C. – Frank Wetegrove, an International Franchise Association (IFA) member, U.S. Army veteran and owner of five Texas-based Camp Bow Wow franchises, today appeared before Congress to discuss the importance of U.S. Small Business Administration (SBA) loan programs on small businesses, especially for aspiring business owners to get their start. Testifying before the U.S. House Small Business Committee, Wetegrove discussed his franchising journey and the role that the SBA had in owning his own small business.

Wetegrove, a retired Colonel with 34 years of service in the Army Reserve along with 8 years in active duty, emphasized two key points to lawmakers:

• SBA loans and their access to capital from its lending programs are an instrumental part of the franchise success story. In fiscal year 2024, the SBA guaranteed $31.1 billion in 7(a) loan volume and $6.7 billion in 504 loan volume. Historically, franchises have represented about 20% of SBA loans by dollar volume.
• Recent efforts to streamline government-supported lending programs, including the elimination of the concept of affiliation by control which also resulted in the elimination of the Franchise Directory, may put many franchise brands at a disadvantage accessing capital, and urged lawmakers to work with the franchise community to better understand how these changes have affected franchise lending.

In discussing his franchise success story, Wetegrove stated, “None of this would have been possible without the support of the federal government’s Small Business Administration (SBA) lending program. The SBA’s assistance was instrumental in getting my business off the ground. I know for a fact that many of my fellow franchisees—and countless other small businesses—would not exist without these critical funding programs.”

A full copy of Wetegrove’s testimony is available here.

Camp Bow Wow opened its first location in December 2000 in Colorado and today, has more than 200 locations throughout North America offering doggy day care and overnight dog boarding services, with many also provide grooming and dog training services.

Entitled Driving Economic Growth: SBA Lending Programs And The Vital Role Of Community Banks, the hearing took place days after IFA released its 2025 Economic Outlook showing that franchise growth exceeded projections for 2024, while also forecasting that franchises will grow an additional 2.4% in 2025, a faster rate than the 1.9% projected for the broader economy by the Congressional Budget Office (CBO).

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