The second Coronavirus relief package came in the nick of time, reopening the Paycheck Protection Plan (PPP) for small businesses. Among the eligible are franchises.
While some people equate franchises with big-name, corporate giants, that’s not exactly accurate. Sure, some of the more well-known brands with hundreds of locations have large corporate teams, but each franchise location is still considered a small business and is owned and operated by individuals like your neighbors, family and friends. Just like traditional mom-and-pops, franchises are the cornerstones of communities. They do business locally and support local causes like youth sports teams and food drives. Franchises are small businesses that create jobs—and they create a lot of them.
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