As we look to our businesses rebounding further in 2022 and ensuring compliance with new mandates and ongoing business regulations, we must also keep one eye on the calendar for other deadlines and obligations. Toward that end, and for those of you who received a Paycheck Protection Program (PPP) loan from the 2nd draw, authorized…
Read More »The office of New York Congresswoman Carolyn Maloney has announced that she has filed a revised version of the Pandemic Risk Insurance Act (PRIA) to establish a federal backstop for financial losses due to a future pandemic or public health emergency. The latest iteration of PRIA provides that the government would absorb about 95 percent…
Read More »Earlier this week, the House of Representatives approved the Senate changes to the $1.9 trillion COVID relief bill and President Biden without any delays at all, signed it into law yesterday. Aside from the direct stimulus payments of $1400 to most Americans under certain income levels, the bill includes an additional $7.25 billion going…
Read More »Perhaps its other programs have been overshadowed by the popularity of the Paycheck Protection Program and the Economic Injury Disaster Loans program, but the Small Business Administration is now offering an expanded menu of help for small businesses. When Congress approved an additional $284 billion for PPP loans in December, it also expanded the benefits…
Read More »The Coalition of Franchisee Associations (CFA) continues its work on behalf of franchise owners from an array of different brands across the country under the leadership of Dunkin’ franchisee and CFA Chairman John Motta. Over the past few weeks, an Op-Ed co-authored by Motta along with Alfredo Ortiz, President and CEO of the Job Creators…
Read More »Complaints from various industry groups about the roll-out of the second round of the Paycheck Protection Program may be finally yielding favorable results, as the Small Business Administration (SBA) announced this week it was loosening the reins on participating lending institutions. On Wednesday, in the hope of speeding up the process, the SBA said it…
Read More »Last week, the Small Business Administration (SBA) and the US Department of the Treasury announced that the Paycheck Protection Program will reopen next Tuesday, January 19, 2021 to all lenders. The SBA this week began opening the program in phases so as to better reach underserved and minority-owned small businesses with community financial institutions, minority…
Read More »As we move closer to the transition – Congressional as well as Presidential – in Washington DC, long-stalled negotiations on a new COVID-19 stimulus package gained new life. Democratic leaders quickly seemed to rally being $908 billion bipartisan proposal with an eye on winning sufficient support in the republican-led Senate. House Speaker Nancy Pelosi (D-CA)…
Read More »Next week on Thursday, November 19, DDIFO will host another exceptional and timely webinar sponsored by the Coalition of Franchisee Associations (CFA) from 2:00 – 3:00 PM EST. While the country recovers from the elections, the prospects of a virus vaccine are much improved, but the effects of COVID-19 continue to shut down franchises across…
Read More »Late yesterday, by a highly partisan vote of 214 – 207, House Democrats approved a revised, $2.2 trillion HEROES Act that included $120 billion in direct assistance to independent restaurants, food trucks and bars but specifically excluded franchises! This version is the first that includes the $120 billion proposed by the Independent Restaurant Coalition in…
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