News & Analysis as of September 20, 2024

Small Business Administration › Franchises

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The Small Business Administration is a United States federal agency established in 1953 by the Small Business Act. The SBA is dedicated to assisting and supporting small business and entreprenuers. The SBA carries out its mission through a variety of programs including providing financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. less -

How To Qualify For Federal Small Business Set-Aside Contracts

Dunlap Bennett & Ludwig PLLC on 2/27/2024

Securing federal contracts can be a game-changer for small businesses, offering opportunities for growth and stability. The Small Business Administration (SBA) is crucial in facilitating these opportunities by setting size...more

Small Business Administration Eliminates Franchise Directory

Lathrop GPM on 5/5/2023

On May 11, 2023, the United States Small Business Administration will eliminate the SBA Franchise Directory, a move that may impact evaluation of franchise loans by some lenders. The change comes from the SBA’s revision of...more

Relief for Restaurant, Other Small Business Franchisees

Lewitt Hackman on 4/14/2022

On April 7, 2022, the House of Representatives passed bill H.R. 3807, the Relief for Restaurant Franchisees and other Hard Hit Small Businesses Act of 2022, which, if passed by the U. S. Senate, will add $42 billion to the...more

The FTC Initiates Rare Enforcement Action in Case Against Franchisor Burgerim

Foley & Lardner LLP on 2/25/2022

The FTC filed suit against California fast food franchisor Burgerim in early February. The case is the FTC’s first major enforcement action against a franchisor in about a decade....more

Only YOU Can Prevent Franchise Fraud

Fox Rothschild LLP on 2/21/2022

The slogan of Smokey the Bear is that “Only you can prevent forest fires.” This may also be true of franchise professionals when it comes to egregious franchise fraud. The good news is that our profession is stepping up and...more

New Program To Provide Relief To Restaurant Industry

Husch Blackwell LLP on 4/28/2021

The Restaurant Revitalization Funding (RRF) program, established pursuant to the American Rescue Plan Act signed into law March 11, 2021, provides eligible businesses with the opportunity to recoup a portion of their...more

Restaurant Revitalization Fund Application Process and Guidelines Update

Lewitt Hackman on 4/26/2021

The Small Business Administration (SBA) released key details on application requirements (RRF Application), eligibility and a program guide (RRF Program Guide) for the Restaurant Revitalization Fund (RRF) on April 19, 2021....more

SBA Releases Application and Guidelines for $28.6 Billion Restaurant Revitalization Fund

Baker Donelson on 4/21/2021

The American Rescue Plan Act of 2021 (ARPA) includes a $28.6 billion subsidy for eligible restaurants. Termed the Restaurant Revitalization Fund (RRF), these funds are intended to help eligible restaurants offset revenue...more

SBA Issues Interim Final Rule Capping Aggregate PPP Loan Amounts at $20M for Single Corporate Groups

Neal, Gerber & Eisenberg LLP on 5/4/2020

The Small Business Administration (SBA) recently released additional guidance that businesses that are part of a single corporate group shall in no event receive more than $20 million of Paycheck Protection Program (PPP)...more

Public Outcry Leads to New SBA Guidance on PPP Eligibility

Downs Rachlin Martin PLLC on 4/23/2020

Following criticism that large restaurant chains were able to obtain funds before the loan program had been depleted - seemingly shutting out much smaller restaurants - Shake Shack has publicly announced that it is returning...more

Weekly Update Newsletter - April 2019

PilieroMazza PLLC on 4/8/2019

HEARING ON THE SMALL BUSINESS RUNWAY EXTENSION ACT - PilieroMazza’s Megan Connor testified at the House Small Business Subcommittee on Contracting and Infrastructure’s hearing on March 26, 2019, concerning the...more

SBA to Ring In New Year with New Franchisor Requirements

Davis Wright Tremaine LLP on 1/11/2018

Effective January 1, 2018, franchisors that wish to help their franchisees qualify for loans backed by the U.S. Small Business Administration (SBA) must be listed on the SBA’s new “Franchise Directory.” SBA-guaranteed small...more

Full Speed Ahead: SBA Directory May Hasten Franchisee Lending Process

Lewitt Hackman on 12/29/2017

As of January 1, 2018, the U.S. Small Business Administration (SBA) will begin implementing new rules that will affect franchisors, entrepreneurs wishing to join a franchise system, and lenders or CDCs (Certified Development...more

SBA to Require Franchisors Be Listed on Franchise Directory for Franchisees to Be Eligible for SBA Financing

Snell & Wilmer on 11/15/2017

Effective January 1, 2018, the U.S. Small Business Administration (SBA) will only process loans to fund the acquisition and development of new franchises if the franchisor is listed on the SBA’s new Franchise Directory....more

SBA Changes the Game

Baker Donelson on 1/26/2017

On November 22, 2016, the Small Business Administration released SOP 50 10 5(I) (the "SOP"), which is administrative speak for new standard operating procedures affecting loans to businesses involved in franchising. The...more

SBA's New Rule Offers Some Welcome Changes for the Franchise Community

Bradley Arant Boult Cummings LLP on 1/18/2017

The Small Business Administration (SBA) has been a key player in franchise development, providing loan guarantees for franchisee start-ups. As a condition for providing these guarantees, the SBA historically required a...more

Food and Beverage Law Update: October 2015

Holland & Knight LLP on 10/29/2015

Labor and Employment - Plaintiff Wage and Hour Lawsuits Continue to Climb - Wage and hour litigation has become what some call the new "workplace revolution." Data from the Federal Judicial Center indicates that...more

Guidelines for SBA Guaranteed Loans to Franchisees to Change

Dorsey & Whitney LLP on 4/7/2015

TODAY, APRIL 7, 2015 IS LAST DAY FOR INPUT TO U.S. SBA - The U.S. Small Business Administration has requested comments from interested parties regarding its consideration of the factors the agency deems relevant to the...more

How to Help Your Franchisees Find Financing

Davis Wright Tremaine LLP on 8/2/2013

The good news for franchising is the economy is coming back. Hit hard by the 2008 economic recession, franchise indices show an uptick in new franchise concepts and pent up demand for franchises among buyers....more

Veterans and Franchising

Shumaker, Loop & Kendrick, LLP on 11/26/2012

This past Veterans Day, franchising continued to extended its warm embrace to veterans. For better and for worse, which is my topic. For Veterans Day in 2011, the International Franchise Association launched an...more

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Small Business Administration › Franchises

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