
This Week in Franchise News: 4/16/2021
The American Rescue Plan provides relief to the restaurant industry, including grants to restaurants through the U.S. Small Business Administration.
Small Business Administration is a regulator in Burnaze's franchise knowledge graph, mentioned since 2015. 111 stories link here, each summarized from the original publisher.
Also known as U.S. Small Business Administration

The American Rescue Plan provides relief to the restaurant industry, including grants to restaurants through the U.S. Small Business Administration.

U.S. Sen. Catherine Cortez Masto calls for greater oversight of the franchise industry from the Federal Trade Commission and Small Business Administration.
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The $1.9 trillion COVID-19 relief bill includes the Restaurants Revitalization Fund, allocating $28.6 billion in relief for struggling restaurants.

President Joe Biden announces changes to the Paycheck Protection Program, prioritizing small businesses with 20 employees or fewer for access to forgivable loans.

The hospitality industry receives more than $18 billion in loans from the latest round of the Paycheck Protection Program (PPP).

President Joe Biden’s White House publishes the ‘National Strategy For The COVID-19 Response and Pandemic Preparedness,’ with implications for restaurants and franchisors.
Block Advisors small business certified tax pros are helping small business owners navigate the current stimulus bill, including a second round of Payroll Protection Program loans.

The U.S. Small Business Administration launches round two of Paycheck Protection Program (PPP) loans for small businesses.

The U.S. Treasury opens round two of Paycheck Protection Program (PPP) loans for small businesses.

The U.S. Small Business Administration reopens the Paycheck Protection Program (PPP) for new borrowers and certain existing PPP borrowers.

More than a third of small businesses rely on personal funds to keep afloat during the Covid-19 pandemic.

The SBA may have paid out more than $1 billion in PPP loans to fraudulent applications, with potential criminal fraud within the program.

The Paycheck Protection Program Flexibility Act gives borrowers more time and flexibility to spend PPP funds.

PPP loans can help franchisees save their businesses, with around 70 percent of franchisees receiving funding through existing bank relationships.

The SBA slashes disaster-loan limits and shuts out nearly all new applicants due to high demand.

Treasury Secretary Mnuchin warns businesses could face criminal liability for PPP loans, announcing audits for loans over $2 million.

Large companies may return Paycheck Protection Program loans, including Potbelly, Sweetgreen, and Ruth's Chris Steak House.

The Small Business Administration's Paycheck Protection Program resumes lending with an additional $310 billion in funding, but the new round may run out in a matter of days.

Shake Shack returns a $10 million stimulus loan, citing sufficient additional funding and a commitment to supporting small businesses.
Worldwide Express connects customers with SBA relief funding through partnership with UPS Capital and Kabbage.

The Federal Reserve aims to inject $2.3 trillion into the economy through new and expanded relief programs.

Experts encourage small business owners to prepare ahead by collecting necessary documents for loan applications, including financial and accounting records.

Franchising experts discuss Coronavirus impact on industry with 1851 Franchise publisher Nick Powills.