CARES Act

Detailed breakdown of each piece of the Coronavirus Aid, Relief, and Economic Security (CARES) Act as it applies to franchise businesses.

Flow chart explaining the programs, grants, and loans that small businesses have access to via the CARES Act. 

An informative article published by Littler Mendelson explaining the CARES Act, including the relief for businesses and additional unemployment benefits it will provide. 

A comprehensive guide to the major programs and initiatives that will soon be available from the Small Business Administration (SBA), as well as additional tax provisions that are outside the scope of SBA. Covered topics include:
-How to contact your local SBA;
-Questions to point you in the right direction when getting started;
-Links for further information;
-FAQs and more.

Helpful links and details to navigate Small Business Relief as the CARES Act legislation is finalized.

A letter regarding the inclusion of the general 7(a) loan program enhancement provisions in the final CARES Act. These enhancements will help stabilize the financial system and prevent further economic consequences beyond what franchises and their employees are already experiencing.

A letter to Majority Leader McConnell and Minority Leader Schumer proposing they increase the small business fund in the CARES Act so that franchisees can access a larger loan in order to cover monthly operating expenses, debt obligations, etc. and not just payroll.

A letter to Speaker Pelosi and Republican Leader McCarthy requesting they work with the IFA to roll out the CARES Act in the way that is best-suited for both franchise businesses and their workers.

Letter to Administrator Jovita Carranza regarding the CARES Act, detailing how the Act can achieve its intended outcome and have maximum impact. This letter urges the Administrator to confirm the eligibility of the franchised businesses in the Paycheck Protection Loan program.

Letter to Chairs Rubio and Velázquez and Ranking Members Cardin and Chabot of the U.S. Senate and House of Representatives regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act, detailing how the Act can achieve its intended outcome and have maximum impact. This letter urges the Chairs and Ranking Members to confirm the eligibility of the franchised businesses in the Paycheck Protection Loan program.