Coronavirus Relief Package

FAQs: Franchising and PPP Loans

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.

International Franchise Association Statement on Additional Paycheck Protection Program Funding

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After news that 89% of franchise owners have not yet received PPP funding, the International Franchise Association (IFA) today called on Congress to approve an additional $321 billion in Paycheck Protection Program (PPP) loans.

Clarifications of the CARES Act for the Travel, Lodging and Franchising Industries

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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.