These days, there are lots of things that can put the kibosh on your dream of owning a franchise. In this franchise blog post, I'm going to go over one of them. Warning: If you're low on funds, you're not going to like this post. Need A Loan For A Franchise? 90% of the people I work with end up getting a small business loan for their franchise business startup. You probably will too. But you won't be able to get your business loan approved unless you have something that's
Franchise Financing
Small Business Loans: How To Get One
(This detailed "how-to get a small business loan" article - written by Kate Williams, Ph.D., first appeared on ConsumerAffairs.com. Used with permission) Introduction According to The SBA Loan Book: "The Complete Guide to Getting Financial Help Through the Small Business Administration," over 99 percent of all business entities in the US are small businesses. These businesses represent over half of the private workforce and the private-sector output and over 40 percent of all private
How Much Money Do You Need To Buy A Franchise? Part 2
(This is about how much money YOU need to buy a franchise. Not that guy!) We should probably get this out of the way right now; you don't need to have "Warren Buffet" money to buy a franchise. Feel better now? In Part 1 of "How Much Money Do You Need To Buy A Franchise?" - I gave a few examples of the types of franchise opportunities available along with their investment amounts...some basic information. Hopefully enough to get you thinking about what franchises you could potentially "see"
How Much Money Do You Need To Buy A Franchise?
Most of time (when I'm out and about), whenever I share what I do for a living, this is what usually follows. "Franchises are really expensive. I hear they really get ya with those franchise fees." Or, something like this: "I hear you really need to have a lot of money to buy a franchise." Interesting. Where did they get that information? Are they right? How much money do you need to buy a franchise? Read on. That's what I'm going to share in this
Could Denver Be The Best Place To Start A Franchise?
Before I get into the topic at hand-whether or not Denver is the best place to start a franchise business, I'd like to share what I know about the city. My dad traveled a lot when I was a kid. He worked for a few pretty large companies, like Revlon, for example. His title was "Regional Manager." That meant he was in charge of a region. (Like 15 states!) He was out of town Monday-Thursday almost every week. Kinda sucked for me...for us kids. (I have a brother and a sister) One of the cities he
This Is How To Get A Franchise Loan From Your Rich Uncle
(The rich uncle) It's not exactly easy to get a franchise loan these days. It's not impossible, thanks to businesses like this one...but it's not as easy as it used to be thanks to 2008 market collapse. But, still... You want to be you're own boss You have the talent You've started to learn about business You have the right personality for franchise ownership You have some money You have your family's support-well mostly You're looking at good franchise
The Magic Of Franchise Financing
(Guest post) Can you become rich by opening up a franchise? Possibly! However, if you're able to open 5 or 10 successful franchise locations, you’re more likely to get rich. The good news is that a business owner that is able to successfully operate one franchise location, is likely to be able to get financing to opening additional franchise locations at very attractive interest rates and terms. One of the major benefits of opening a franchise versus starting an independent business is the
Franchise Loans to Help Your Business Thrive
(Sponsored Post) Owning a franchise has unique advantages over other small businesses. However, franchise owners must still juggle time and money for their company to thrive. Franchise loans are leverage that can be used to grow or start your business in a time efficient way. Access to capital also makes your franchise more profitable in direct and indirect ways. So how can business loans maximize some advantages of a franchise: Loans as Leverage to Grow Your Franchise: Franchise
Franchise Q & A: Does The SBA Loan Money For Franchises?
The answer: Yes...the SBA does assist with franchise loans. The 7 (a ) Loan Program is the most common type of SBA loan. As a matter of fact, some of the best franchise loans around are SBA Loans...lots of them are 7 (a ) Loans. But, before I share some useful information on SBA Loans-you need to know one very important thing: The SBA-The US Small Business Administration, does not loan money. Surprised? What the SBA does is provide guarantees, sometimes up to 85% of the loan amount,
Using A 401(k) To Buy A Franchise: 7 Powerful Reasons
(This post is about using a 401 (k) to buy a franchise: 7 powerful reasons. It's courtesy of Guidant Financial) If you're looking to buy a franchise and fulfill your dreams of entrepreneurship, your first thought may be that you’ll need a small business loan. But there are other ways to finance that new business; using a 401 (k) to buy a franchise is a popular option. Maybe you need a few reasons to consider using this franchise financing method. Using A 401(k) To Buy A Franchise:
