Feedback Form
Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

How to Finance Your Franchise



How to Finance Your Franchise
   

Over the past several years, many people across the country have envisioned leaving their current work environment for the opportunity to own a business or franchise. In many ways that is the easiest decision to make but the work is just beginning.

In the past several years the opportunity to own a business and franchise has appeared around every corner and in nearly every industry. For many families the challenge is not decide whether to get into business but how they will finance the one that they want.

There are a number of financing options that exist and they all have pros and cons which need to be researched.

SBA Loans – Small Business Administration guarantees loans for banks and lenders and typically will have limitation on values. Total loan amounts under $100-150,000 may offer low or minimal documentation and a more efficient process.

401k/Retirement – These are specialty financing options. There are several organizations that focus on these programs to avoid penalties and taxes while accessing the values you have in your retirement plans.

Franchisors may also have financing options available. As the established company, with a history, many times they have relationships to support financing options.

Finally, personal assets – with the numerous programs available throughout the three categories mentioned above, it is necessary for you to plan on raising 20-30% of the capital yourself. All of the lending institutions want to be able to know that they are partnering with you, as much as you are partnering with them.

The process of securing financing can be long and tedious. Be patient, diligent, and do not lose focus on your defined goal of opening and operating your own business for you and your family.


How to Finance Your Franchise - To learn more about this author, visit Tom Parsley's Website.

Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
Top tips for franchise success
  To find franchise success, you must research about franchising thoroughly. You are supposed to know about the different categories of franchise opportunities available in the market and then settle on one, which wil...
Franchising with all its Success
  This article shows point on why franchising is a better business venture.
How to Finance Your Franchise Business Opportunity
  You have found the best franchise for you and are really excited about its future and your new business. However, how are you going to pay for it? Many franchises require a significant investment and a large amount ...
Raising Finance to buy a Franchise
  How approachable are banks when it comes to raising capital to buy a franchise?
Finding the Money for a Franchise
  The cost of buying a franchise can be substantial, but you don't have to be a trust fund baby to get into the franchise of your dreams. Find out more...

Related Forum Posts Related Forum Posts
Finance is the primary requirement of business Finance is the primary requirement of business
Re: Enticing Franchises - Top 9 List Re: Enticing Franchises - Top 9 List
Re: Info for would be franchisers... Re: Info for would be franchisers...
Re: Info for would be franchisers... Re: Info for would be franchisers...
how much for a franchise fee? how much for a franchise fee?
Re: Info for would be franchisers... Re: Info for would be franchisers...
Franchises & Taxes Franchises & Taxes
Guerrilla Financing - How to Finance Any Small Business Guerrilla Financing - How to Finance Any Small Business

Related Forum Posts Related Businesses - Evan Elite Authors

The Evan Elite Authors program is currently in beta phase. For details please contact us.


 
About the Author


Tom Parsley
(Visit Tom's Website)
The Business Market is an online business-for-sale marketplace. If you are looking to buy a business, franchise or opportunity, you can search our database for free to find the perfect business to buy. Or if you are looking to sell a business, franchise or opportunity, you can list it for sale on The Business Market risk-free. There are no setup fees, no monthly fees, and you only pay a small fee (less than a dollar) for each unique buyer that views your listing.
Have A Suggestion?

View Author's Blog
Become An Author

View Author's Video
Become An Author

Free Downloads


Tom Parsley's

Complete
List Of
Starting-A-Business
Articles

First Name
Last Name
Email
 
If you enjoyed this article, get Tom Parsley's Complete List of Starting-A-Business Articles For FREE!

More Tom Parsley
Dont Let the Franchise Fee Scare You
The Components of a Franchise System
Need A Maid
Do You Need Experience to Own a Franchise
Finding Qualified Buyers for your Business
Coffee Bean Aroma
What to do before Selecting a Franchise System
Is Owning a Business Part of Your Retirement Plan
Things to Know When Marketing Your Franchise
FranchisesIf it Aint Broke
Become An Author