RECENT POSTS
New Laws Could Curb SBA Guaranteed Lending to Franchisees
On March 16, 2022, the U.S. Senate Small Business Committee held a hearing on the Small Business Administration’s future on guaranteeing lenders’ loans to franchisees under S.1120, the Small Business Administration Franchise Loan Transparency Act, and S.2162,
It’s Baaack, Only One Year Later: AB 257 Attacks Franchise Restaurant Model
On January 31, 2022, the California State Assembly passed AB 257, the Fast Food Accountability and Standards Recovery Act (FAST Recovery Act, or the “Act”) by a vote of 41-19. The bill was originally introduced
California Fast Food Workers March to Support Anti-Franchisor Legislation
According to the Los Angeles Times, fast-food workers at McDonald’s restaurants in Los Angeles, Oakland, Sacramento, San Diego and San Jose intend to walk off their jobs on November 9 in support of the passage
Funds Available to Businesses Under Updated COVID-19 EIDL Program
The U.S. Small Business Administration (SBA) announced major modifications to the 2020 COVID-19 Economic Injury Disaster Loan (EIDL) program on September 8, 2021, including raising the maximum loans available from $500,000 to $2 million. The
Tipping Point: CA Legislature Takes Action Against Food Delivery Apps
Millions of people in COVID-19 lockdown ordered food online from food delivery platforms using mobile applications in 2020, which resulted in alleged abuses by certain food delivery platforms. In response, the California legislature enacted the
More Money for the Depleted Restaurant Revitalization Fund?
During the first 21 days of the Restaurant Revitalization Fund (RRF) approved by Congress in April 2021 and administered by the Small Business Administration (SBA), priority was given to eligible small businesses with limited financial
More on the Restaurant Revitalization Fund
The Restaurant Revitalization Fund (RRF) was adopted by Congress in April 2021 to provide financial relief for eligible restaurants and related food and beverage service businesses. $28.6 billion of tax-free federal grants were approved for
Was the Restaurant Revitalization Fund a Success?
The Restaurant Revitalization Fund (RRF) was adopted by Congress in April 2021 to provide financial relief for eligible restaurants and related food and beverage service businesses. Over $28 billion in tax-free federal grants were approved
The Assault on Franchising Continues
In the last year, we reviewed three attacks on franchising, questioned whether franchising was in the crosshairs of federal regulators and legislators, and concluded that the answer was yes. However, a bigger threat to franchising
A Reprieve for Franchise Business Model in California
California Assembly Bill 257, the Fast Food Accountability and Standards Recovery Act (FAST Recovery Act or AB 257) was defeated by the California Assembly on June 3, 2021. The bill was introduced by Assembly Member