Coronavirus Relief Package

An evaluation of enacted and proposed federal grant and loan programs of importance to the franchise sector.

Q: How Does Franchising Work?

A: Franchising is an arrangement where a name brand company grants a local entrepreneur the right to use its business name, trademarks, and processes to produce and market a good or service. The business owner usually pays a one-time fee and a percentage of sales revenue as royalty. Typically, the brand provides national advertising and support, while the independent owner is responsible for day-to-day operations of the business, including hiring and scheduling employees.

Borrower fact sheet for the Payment Protection Program (PPP).

A list of suggested technical corrections and enhancements to the CARES Act from IFA, AAHOA, NRF, AHLA, NCCR and U.S. Travel Association.

A letter from Congressional Representatives to Administrator Carranza requesting clarification on Paycheck Protection Program intentions.

A letter from U.S. Travel Association, American Hotel & Lodging Association, International Franchise Association, and  Asian American Hotel Owners Association to Secretary Mnuchin and Administrator Carranza Requesting Clarifications of the CARES Act for the travel, lodging, and franchising industries.

A letter from the Small Business Administration's General Counsel, John W. Klein, on the Paycheck Protection Program.