PPP

How Does Franchising Work?

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.

WASHINGTON, APRIL 21 – The International Franchise Association (IFA) today released the results of a survey of franchise owners on the Paycheck Protection Program and Economic Injury Disaster Loan program.

“These results show that small business owners need additional PPP funding as quickly as possible,” said Matt Haller, IFA Senior Vice President of Government Relations and Public Affairs.