Cortez Masto Files SBA Franchise Loan Transparency Bill

The ranking minority member on the U.S. Senate Small Business Committee, Senator Catherine Cortez Masto (D-NV) filed legislation last week to protect entrepreneurs who are considering purchasing a franchise.  The SBA Franchise Loan Transparency Act of 2019 (SB 2383) would require that before a lender could make a government-backed loan to a franchise, the franchisee…

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After Irma

In the wake of the devastation wrought by Hurricane Irma in many parts of the state of Florida, we noted the Florida Governor Rick Scott last week launched an interest-free bridge loan program for Florida businesses in the 67 counties affected by the massive storm. The program, which will be run by the Florida Department…

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Obama Budget Seeks Increased SBA 7(a) Funding

Notwithstanding almost $3 trillion in tax increases, an increase in the federal deficit of $178 billion and extensive new programs to stop ‘climate change’, one bright spot in the $4.1 trillion budget the Obama administration submitted to Congress earlier this week is the increased funding he’s proposed for the Small Business Administration’s (SBA) successful flagship…

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CFA Asks for Help on Franchise Relations Bills

The Coalition of Franchisee Associations (CFA) has asked franchisees across the country to reach out to their Congressmen and ask for their support of two bills filed by Representative Keith Ellison (MN – 5th District).  H.R. 3196, The Fair Franchise Act of 2015 will prohibit unfair and discriminatory practices by franchisors and require all parties…

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Urge Congress To Support Franchise Bills

We advised you a couple of weeks ago that Congressman Keith Ericson (D-MN) had filed two bills beneficial to franchise owners in the Fair Franchise Act of 2015 (H.3196) and the Small Business Franchise Loan Transparency Act (H.3195).  Now, it is incumbent upon us all to urge our own representatives in Congress to sign on…

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SBA 7(a) Program Open$ Again

After Congress moved quickly to unanimously increase funding for the popular SBA 7(a) loan program for small business, President Obama wasted little time as well in signing the funding bill into law – even doing so, for only the 6th time in his presidency via autopen since he is out of the country travelling.  The…

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Federal Franchise Bills Filed

US Representative Keith Ellison (D-MN) filed two important bills this week aimed at protecting franchisees.  The Fair Franchise Act of 2015 (H.3196) would prevent misleading or false information in the franchise agreement, prohibit mandatory arbitration provisions and would provide franchisees with the right to discuss their experiences with the franchisor and to join an independent…

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