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SBA-Approved Franchises Expedite the Loan Process Amid an Uncertain Economic Climate

Guest post by: Jocelyn Chavez

Article Overview: Despite an uncertain economic climate and a tight lending environment, aspiring franchisees are still fulfilling their business ownership dreams. The credit crunch has presented challenges for hopeful franchise owners, however, various lending programs, such as the Small Business Administration’s (SBA) guaranteed loan programs, are facilitating franchise growth and expansion. The SBA is an independent agency of the federal government that helps Americans start, build and grow businesses. Prospective franchisees that choose to purchase an SBA-approved franchise typically have an easier time securing financing because a loan that’s backed by the SBA reduces the lending banks risk, which expedites and streamlines the loan process.

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SBA-Approved Franchises Expedite the Loan Process Amid an Uncertain Economic Climate

Despite an uncertain economic climate and a tight lending environment, aspiring franchisees are still fulfilling their business ownership dreams. The credit crunch has presented challenges for hopeful franchise owners, however, various lending programs, such as the Small Business Administration's (SBA) guaranteed loan programs, are facilitating franchise growth and expansion. The SBA is an independent agency of the federal government that helps Americans start, build and grow businesses. Prospective franchisees that choose to purchase an SBA-approved franchise typically have an easier time securing financing because a loan that's backed by the SBA reduces the lending banks risk, which expedites and streamlines the loan process. Fortunately, there are numerous SBA-approved businesses and franchises, in various industries and investment levels, to choose from. Whether you'd like to own a home-based franchise, a mobile business that provides onsite services, or a brick-and-mortar retail, restaurant or fitness concept, SBA-approved opportunities abound.

Koko FitClub is an SBA-approved fitness franchise that provides prospective franchisees with the chance to join the multi-billion dollar health and fitness industry. Koko FitClub is the exclusive franchisor of the Koko SmartrainingTM System, an advanced, automated strength and cardio equipment and training system that guides members through customized, total body workouts in 30 minutes or less. In addition to offering members a convenient, time-efficient alternative to traditional personal training sessions and typical gyms, Koko FitClub's system also provides franchisees with an easy-to-operate business model.

Koko FitClub franchisees don't have to hire and manage a staff of personal trainers because the automated Koko SmartrainingTM System provides members with exercise instruction, real-time guidance and feedback. With minimal staffing requirements, no inventory to manage and no perishables, Koko FitClub franchisees can run multiple units with ease. Koko FitClub locations feature a sleek studio design that requires only 1,800 square feet, which keeps real estate costs down. Previous fitness industry experience is not necessary to become a Koko FitClub franchisee, as comprehensive training and support is provided. Koko FitClub's proprietary technology, efficient design and affordability provides Koko FitClub franchise owners with a powerful competitive edge in the health and fitness industry.

Colors on Parade, the "Original Body Shop on Wheels," is another affordable, SBA-approved franchise that gives prospective business owners an edge in the marketplace. For more than 20 years, Colors on Parade has been a leading provider of onsite automotive appearance repair services such as paint repair, paint-less dent removal (PDR) and interior repair. The top-ranked franchise, which is consistently recognized as one of the "Top 500 Franchises" by Entrepreneur magazine, offers would-be business owners the chance to own a low-overhead, mobile business in the recession-resistant automotive repair industry.

As people keep their vehicles longer, the need for automotive repair services continues to grow. With auto dealers, fleet operators, body shops and consumers relying on the automotive appearance repair services that Colors on Parade provides, franchisees enjoy the advantages of owning a business that serves a vast customer base. The concept's mobile, home-based business model keeps franchisees' overhead and operating costs down. Both operator franchise ownership and area development ownership opportunities are available, and franchisees receive extensive training.

Regardless of the industries that you're interested in joining, there are numerous SBA-approved concepts to choose from.

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Home > Franchises > Jocelyn Chavez > SBAApproved Franchises Expedite the Loan Process Amid an Uncertain Economic Climate >
Article Tags: auto franchises, automotive afternmarket, automotive appearance repair, fitness franchises, franchise growth, loan programs, SBA approved

About the Author: Jocelyn Chavez
RSS for Jocelyn's articles - Visit Jocelyn's website

As a copywriter at Franchise Solutions, a leading online franchise and business opportunity marketing company, Jocelyn Chavez profiles franchisors and franchisees to help prospective business buyers find the right business to buy. She has reported on a wide range of topics that impact the business community, including emerging industry trends, online lead generation, small business financing, and tips for people researching business ownership. To learn more about franchises and businesses for sale, please visit http://www.FranchiseSolutions.com.

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Top performing Franchise Loans Top performing Franchise Loans - Evan, There are over 120 Franchises listed by the SBA with 0% Loan Failure from 10-1-00 to 9-30-05 these companies have at leat 10 loans disbursed. A number of the companies are Hotel/Motel Franchises so I listed them separately. Since all the ones listed have 0% loan failure I listed them descending by # of loans disbursed. Top 20 (by # loans Disbursed) 0% SBA Loan Failure (does not include hotels/motels) 1 21425--CULVER'S FROZEN CUSTARD 85 2 66910--PRIMROSE SCHOOL (DAYCARE) 76 3 14467--CARTRIDGE WORLD STORES 54 4 68021--QUIZNO'S SUBS 41 5 06560--AUNTIE ANN'S (SOFT PRETZELS) 40 6 29912--FIREHOUSE SUBS 35 7 31154--FOOT SOLUTIONS 35 8 52707--MEDICAP PHARMACY 35 9 09802--BEN & JERRY'S ICE CREAM 33 10 67759--COMFORT SUITES 33 11 70150--RITTER'S FROZEN CUSTARD 32 12 05650--ARBY'S 31 13 65160--PLATO'S CLOSET 31 14 67417--PUMP IT UP 30 15 69149--REMAX 30 16 71456--SALAD WORKS, INC. 30 17 76282--SONIC DRIVE-IN 27 18 84725--UNION 76 OIL 27 19 17049--CHRISTIAN BROTHERS AUTOMOTIVE 26 20 78950--SUNOCO SERVICE STATION 26 Top 10 0% SBA Loan Failure Hotel/Motels 1 10275--BEST WESTERN INN 104 2 67750--COMFORT INN 98 3 38605--HOLIDAY INN EXPRESS 87 4 36680--HAMPTON INNS 57 5 53165--MICROTEL 33 6 75385--SLEEP INN MOTEL 26 7 04160--AMERIHOST INN 18 8 69134--RED ROOF INN 13 9 17230--CLARION INN & SUITES 11 10 20715--COUNTRY INN 11
Re: Quick Ways To Utilize SEO Effectively Re: Quick Ways To Utilize SEO Effectively - 1. If you dont want too much competition from other SEO's, choose your keywords precisely.For example, Instead of keyword Loan choose keywords like Bank Loan, Equity Loan, Student Loan, Home Loan etc. Order of keyword also matter for search engines. Search engine treats ?Loan Equity? and ?Equity Loan? as different keywords. 2. Best seo practice is to get at least one of your primary keywords in domain or sub domain name of your website. You can use hyphens (-) to separate multiple keywords. For example: seo-service, seo-guidelines, free-seo each cover two keywords. 3. Get your second or third keywords in your directory name and filename. 4. Keep your webpage free from any syntax error, declare document type at the beginning and validate your HTML and CSS because search engine don?t like pages with too many errors. 5. Give a short Title in of your page in 3-9 words (60-80 characters) maximum in length containing your primary keyword. Remember it will be displayed in search results so choose wisely. 6. Try to include your most important keyword phrases in heading tags on your page if you can but keep in mind it should not be exactly same as title of your page. You can use (H1 H2 H3) tag for specifying anything important. To reduce size of heading use CSS. 7. Specify Meta keywords in heading of document. Limit it to 15 to 20 words. Although not all the search engines give importance but there is no harm doing it. Search engine like Yahoo still give it importance. 8. Write Your Meta Description tag attractive containing keywords because it will appear on the search engine result pages. 9. Use text for navigation menu instead of using images or Java scripts. 10. Try to include your most important keyword in hyper linked text and text and text that immediately precedes or follows the hyperlink. Do not use same keyword always use synonyms at few places. Just like instead of seo, I have use search engine optimization at many places on this page.
franchisebrief.com good clean design franchisebrief.com good clean design - I actually really like the design - it's clean and not busy. The information is easy to find. You mentioned you didn't want to monetize from the site thru the use of adwords but what about JV'ing with all or most of the Franchises you are referring people to. Is that possible in the Franchise industry?
Re: Franchise Support. What is it to you? Re: Franchise Support. What is it to you? - To be honest I have never been a big believer in Franchises. Which of them did you have the best and worst experience with, when you called in as an "interested buyer"?
Clothing Franchises Clothing Franchises - I believe that there are quite a few franchises for larger brands such as Diesel, Lacoste and Bennetton etc... but I am not sure how these contracts work. In New Zealand, Canada & Switzerland Clothing Franchises are for smaller designer brands & Outdoor clothing -- such as Bivouac, the great Outdoors etc Ian


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