President Obama has finally nominated a replacement head of the Small Business Administration (SBA): Maria Contreras-Sweet, a businesswoman with a strong background in small business financing and government service. One issue Contreras-Sweet will be required to address is the alarming trend regarding the state of franchise loans. According to a report by the Government Accountability Office, over a dozen years, more than 40 percent of buyers who purchased a single-unit franchise defaulted on the loans that the SBA guaranteed. The franchisees had difficulties meeting anticipated revenue estimates. With 20.5 percent of franchise owners being women, and franchise businesses projected to grow faster than the rest of the economy in 2014, the SBA (and therefore loan seekers) are sure to face more scrutiny in the year to come.