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Proposal: 1712(AF86) Reg Q; Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans Description: Comment ID: 137206 From: Independent Association of Franchisees, Rex Jariwala Proposal: 1712(AF86) Reg Q; Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans Subject: Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Progra Comments: Date:Apr 13, 2020 Proposal:Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck [R1712] Document ID:R-1712 Revision:1 First name:Rex Middle initial: Last name:Jariwala Affiliation (if any):IAF Affiliation Type:Other (Oth) Address line 1:1600 Matso Drive Address line 2:Suite 3 City:Toms River State:New Jersey Zip:08753 Country:UNITED STATES Postal (if outside the U.S.): Your comment:On behalf of the IAF, its members, and industry businesses that represent many thousands of franchisee businesses in the United States. And we are requesting a small change to extend the PPP $10 million lending limit to businesses seeking a standard 7(a) SBA loan and/or 504 loan, permanently modifying it from the current $5 million limit. Not only will this aid in quicker recovery, but costs of business operations have increased over the years, while the limit has been unchanged. Increasing this will help ease lenders risk to extend credit to millions of small businesses who desperately will need to refinance their current loans. Thank you for your efforts to ensure Small Businesses can recover and thrive during this Coronavirus COVID-19 crisis. - Independent Association of Franchisees (IAF) WeAreBusiness.org