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...
Franchise Financing
Joel Libava
If You Don’t Share Your Financial Information You Can’t Buy A Franchise
If the thought of sharing your personal financial information with others makes you nervous, don’t search for a franchise to own. It will be a complete waste of your time. It will also be a complete waste of time...
Getting The Best Franchise Loan For The Franchise Of Your Dreams
(This is a Guest Post from Jessica Davis) People looking to finance the purchase or running of a franchise have had to deal with rough times in the past few years. The economic climate meant that getting good deals on...
A Cockamamie Franchise Idea That Will Keep Franchise Lawyers Fat And Happy For Years
I’m supposed to be working on my 6th annual “Top Franchise Trends” article for Small Business Trends. But, I can’t now. Not after reading something that just stopped me in my tracks. Please don’t tell Anita that I had...
Applying For A Franchise Loan? You’ll Never Get One Without This
Obtaining a franchise loan is a little easier than it has been. But, not easy enough. Today’s small business loan underwriters are an extremely picky bunch. That’s why it’s important for you to have… (All of your...
How Card Processing Fees Can Make Or Break A Franchise
(Sponsored post) Whether you run a fast food outlet, a consumer retail operation or an internet-based franchise, you know full well that a huge portion of your sales – maybe even a majority – come from debit...
How To Be A Rock Star In All Things Finance
Nicole Fende must of had a blast writing her finance book. She manages to make what lots of people consider to be a super-boring topic-fun. And, that is quite a feat. She did have some help, though. Meet Fluffy…...
Franchise Loan Approvals Shouldn’t Be Automatic
(Courtesy of Kei!, on Flickr) I was reading the story of how a potential Doctors Express franchise owner was turned down for a franchise loan, and my first thought was this; I would have turned him down, too. Would you...
Are Credit Cards Keeping Franchisees Afloat?
(Flickr credit card photo, Philip Taylor PT) Have you heard the news? Small business lending is still squalid in most areas of the US. In other words, nothing has really changed all that much. The big banks...
How To Really Lower Your Franchise Business Start-Up Costs
(Picture courtesy of taxbrackets.org) All businesses cost money to start. Some business types, like network marketing businesses for example, require minimum investments. A quick meeting between your hammer and your...
Franchise Loan Choices At A Glance
This is a guest post from Andy Sack, co-founder of Lighter Capital I’ve been an entrepreneur for almost twenty years, primarily working on web startups. Through my experience in the startup space, I’ve met...
Amanda Needs a Loan
A US Navy veteran who is working towards purchasing her second franchise is struggling to find a franchise loan. To open this second PostNet franchise, Amanda Crow is utilizing Sprigster, the nation’s only donation...
Important Franchising Trends to Watch in 2012
2012 is going to prove to be an interesting year for the franchise industry. Global and national financial pressures, a Presidential election that’s going to be impacted by Washington lobbyists like...
The Painfully Obvious Reason Why The IFA is Aggressively Courting Professional Athletes
( A sports franchise.) There really is only one reason. Professional athletes have money. With two years of pretty much no cooperation from the banks with regard to lending money for franchise business start-ups, the...
Astute Investments in the Economy Can Help Small Businesses and Franchise Businesses
(This is a guest post from Rohit Arora, who’s the co-founder and CEO of Biz2Credit.) Although the Treasury Department announced the approval of funding to generate $3.6 billion in lending to small business...
No Business Plan Equals No Business Loan
Do you really think that you’ll be able to waltz into your local bank and get a small business start-up loan approved, quickly and easily? Really? Let me ask you a question that may seem off-topic with regards to...
Franchises; Getting Small Business Loans Approved from The US Small Business Administration (SBA)
What does it mean if a franchise concept has been approved by the SBA? If you’re looking to buy a franchise, it’s really important to find out what a lot of my industry’s jargon actually means...
What Your Credit Score Means for Your Franchise
The last two years have been challenging ones for people looking to get small business loans. It would be great if future entrepreneurs could have a bit more leverage when it comes to asking the banks for some of their...
Franchise Direct Releases Their "Financing Your Franchise" Report
Franchise Direct, one of the top franchise portals in the US, has just released a very thorough franchise business report. This report is perfect for prospective franchise buyer's who've been scratching their...
Franchise Owners; Use Marco Carbajo’s Idea To Access Capital
Getting your local bank to part with some of it’s money has probably been a little challenging this year. (Ok, Joel. Thanks for that breaking news.) If you’re sick of hearing about all the things that you...
Do You Have Questions On Franchise Financing??
It's certainly been an interesting time for folks looking for business start-up loans. It's even been challenging for those looking to get franchise financing for their franchise business start-ups. Getting a...
The Lack Of Franchise Lending Is Still Rearing It’s Ugly Head
Ugly. Head. Once in awhile, I receive an email or two from a loyal reader of this blog suggesting that I’m being rather negative, when it comes to my writing. I think that I’m a realist. I think I report the...
Wannabe Franchise Owners Need Start-Up Loans!
A couple of months back, I was somehow allowed to be on a conference call with CEO Matt Shay and some others, from The International Franchise Association. (IFA) The topic was the lack of availability for small business...
Do Franchise Buyers Finally Have A New Loan Option?
For almost a year and a half, prospective franchise owners have been finding it quite difficult to get banks to lend them money for their franchise start-ups. There's change in the air… Meet James Hendergrass...
2010 Franchise Business Outlook Is Fairly Upbeat; The Franchise Industry Needs Loans!
The International Franchise Association just released (with the help of PriceWaterhouseCoopers LLP) their study of the economic outlook for our industry in 2010. Bottom Line; A few $Billion in small business loans will...
Should You Use Your 401(K) To Fund Your Franchise Business?
Starting a franchise business? Getting a loan to do it? From who? There’s always some controversy around the topic of using your own retirement funds to fund a portion of your start-up business. Some folks say...
Franchise Business Financing; Borrow Money From Yourself!
You have researched the franchise that you are interested in. You have visited with current franchisees, and spent the day at the franchisors headquarters. Now, it's time to get a loan. One little problem; The banks...
Cleveland Franchise Consultant Breaks Bread With The Fed
Breaking bread with The Fed is really what I said. Yesterday, I joined 24 other Cleveland small business owners at The Federal Reserve Bank of Cleveland, one of 12 Federal Reserve Banks in the US. The Federal Reserve...
