TL;DR
The Treasury and SBA have agreed to disclose previously confidential details regarding small business loans above $150,000, affecting franchise brands and their networks. The new rules will reveal the name of the recipient as well as the range of the loan amount.
As expected, the Treasury and SBA have agreed to disclose previously confidential details regarding any small business loan above $150,000. The new rules will reveal the name of the recipient as well as the range of the loan amount:
$150,000–350,000
$350,000–1 million
$1–2 million
$2–5 million
$5–10 million
What do the new disclosure rules mean for franchise brands, and how should you communicate the changes to your network? 1851 publisher Nick Powills and Internicola Law Firm managing partner Charles Internicola are joined by IFA’s Matt Haller to discuss.
In this story
This story was originally published in 1851 Franchise on June 25, 2020. Burnaze summarizes and links to the original reporting.
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