On April 3, 2020, banks commenced taking applications for the Small Business Administration’s (“SBA”),  Paycheck Protection Program (the “PPP”) loans, as provided in the Coronavirus Aid, Relief, and Economic
Continue Reading (Some) Good News: SBA Guidance Mostly Exempts Franchises from Affiliation Rules for Paycheck Protection Act Loans

Many franchisors have experience with the U.S. Small Business Association (“SBA”) as numerous franchisees utilize the SBA’s loan programs for small businesses. Previously, franchisors could send an application to the
Continue Reading Are You Aware of the Recent Revisions to the SBA Loan Process for Franchised Businesses?

40206151_s (1)Each time franchisors update their franchise disclosure documents (“FDD”), they have a choice:  whether or not to include financial performance representations (“FPR”).  A new bill introduced by Representative Keith Ellison
Continue Reading Making SBA loans safer for franchisees…by mandating FPR’s?