Franchise Resources | Franchise & Small Business News

Franchise Resources | Franchise & Small Business News

IFA’s information hub provides resources designed to keep you informed on the latest franchise thought leadership.

Choose from a list of topics. Select curated content that explores what’s important to the franchise community - franchise and small business news, small business trends, advice from franchise experts, and engaging articles from IFA’s franchise magazine Franchising World.

Where We Stand: Updates on Coronavirus Relief Legislation

​​​​​​​As we enter the final few months of 2020, a year marked with economic challenges and uncertainty due to the COVID-19 pandemic, several important deadlines are approaching as the calendar flips from 2020 to 2021.
Finance

Five Tips to Maximize PPP Loan Forgiveness 

On June 5, 2020 President Trump signed into law several critical fixes to the forgiveness terms of the Paycheck Protection Program (PPP), providing much needed relief for small business borrowers.
Finance

How Payroll Systems are Working to Get Loan Money in the Hands of Small Business

This webinar’s panelists discussed payroll system operators’ role in the broader stimulus and loan efforts undertaken by recent government action, and outlined relief options available for small businesses. The panelists focused on the Employee Retention Tax Credit and Paycheck Protection Program Loan provisions of the recent CARES Act, and how payroll processers can act as trusted advisors on the front and back-end of loan forgiveness provisions through documentation and record-keeping compliance.
Finance

Understanding Loan/Grant/Funding Options in the Stimulus Package

IFA leadership discussed the various loan relief programs offered through government agencies, and as a result of the highly anticipated legislation recently passed by Congress. Though implementation of the Paycheck Protection Program loans (PPPL) by the Small Business Administration and via commercial lenders is forthcoming, the panelists outlined the importance of liquidity at this time and to take advantage of the loans offered by these outlets. The panelists took a step-by-step look at the loan terms and documentation needed by franchise businesses to access new loans and their eligibility for forgiveness within these programs.
Finance

COVID-19: Long Term Cash Flow Management Tips

IFA supplier leaders from global accounting firm Citrin Cooperman provided participants with “timeless tips” and guidance for businesses to conserve cash flow as they contend with business interruption. The panelists offered both short term and long term solutions to deal with the current crisis, including: deferring expenses; communicating with bankers to manage possible refinancing and repayment options; tax deferral; and review of existing contracts. Longer term, the panelists recommended planning for new sources of cash flow via government loans with an eye toward accommodating labor changes, and preparing business for liquidity challenges going forward.
Finance