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Summa We CARES Program



At Summa Franchise Consulting, we are committed to helping reduce the potential impact on your business caused by the coronavirus (COVID-19) pandemic.

The coronavirus (COVID-19) pandemic has severely affected franchise brands worldwide, with many forced to dramatically scale down their operations or close their doors altogether. Summa Franchise is here to help you navigate this crisis and prepare you with the information and support you need to keep your business going during this challenging time.   

We can help you and your business get the relief and capital you need as quickly and painlessly as possible, and help you keep your business going in the meantime.

For more information about the CARES Act, its many provisions, and how Summa Franchise Consulting can help you and your business, click the button below to schedule a FREE consultation, or call us at (623) 999-1727.

Frequently Asked Questions

Yes, we are available to help guide you through the entire SBA & EIDL loan application process.

Yes, those suffering substantial economic injury in all 50 states, DC, and the territories may apply for an EIDL.

  • A small business with fewer than 500 employees

  • A small business that otherwise meets the SBA’s size standard

  • A 501(c)(3) with fewer than 500 employees

  • An individual who operates as a sole proprietor

  • An individual who operates as an independent contractor

  • An individual who is self-employed who regularly carries on any trade or business

  • A Tribal business concern that meets the SBA size standard

  • A 501(c)(19) Veterans Organization that meets the SBA size standard

    In addition, some special rules may make you eligible:

  • If you are in the accommodation and food services sector (NAICS 72), the 500-employee rule is applied on a per physical location basis

  • If you are operating as a franchise or receive financial assistance from an approved Small Business Investment Company the normal affiliation rules do not apply

Lenders will also ask you for a good faith certification that:

  • Was the borrower in operation before February 15, 2020 and had employees for whom they paid salaries and payroll taxes or paid independent contractors.
  • The uncertainty of current economic conditions makes the loan request necessary to support ongoing operations

  • The borrower will use the loan proceeds to retain workers and maintain payroll or make mortgage, lease, and utility payments

  • Borrower does not have an application pending for a loan duplicative of the purpose and amounts applied for here

  • From Feb. 15, 2020 to Dec. 31, 2020, the borrower has not received a loan duplicative of the purpose and amounts applied for here (Note: There is an opportunity to fold emergency loans made between Jan. 31, 2020 and the date this loan program becomes available into a new loan)

If you are an independent contractor, sole proprietor, or self-employed individual, lenders will also be looking for certain documents (final requirements will be announced by the government) such as payroll tax filings, Forms 1099-MISC, and income and expenses from the sole proprietorship.

Loans can be up to 2.5 x the borrower’s average monthly payroll costs, not to exceed $10 million.


A borrower is eligible for loan forgiveness equal to the amount the borrower spent on the following items during the 8-week period beginning on the date of the origination of the loan:

  • Payroll costs (using the same definition of payroll costs used to determine loan eligibility)

  • Interest on the mortgage obligation incurred in the ordinary course of business

  • Rent on a leasing agreement

  • Payments on utilities (electricity, gas, water, transportation, telephone, or internet)

  • For borrowers with tipped employees, additional wages paid to those employees

The loan forgiveness cannot exceed the principal.

The amount of loan forgiveness calculated above is reduced if there is a reduction in the number of employees or a reduction of greater than 25% in wages paid to employees.

Reductions in employment or wages that occur during the period beginning on February 15, 2020, and ending 30 days after enactment of the CARES Act, (as compared to February 15, 2020) shall not reduce the amount of loan forgiveness IF by June 30, 2020 the borrower eliminates the reduction in employees or reduction in wages.

If your business has been negatively affected by the COVID-19 outbreak, we can help you through it!
We Will Help You Get The Capital Your Business Needs Now.
We have launched our “We CARES” program as a resource to help franchisees obtain the following:

With a little help from our award-winning team, your business will weather this storm.