It's typically easier to buy a franchise than to start a business from scratch because franchises boast established track records. There are several ways to secure funding to purchase a franchise including; traditional bank loans, Small Business Administration (SBA)-backed loans, non-traditional loans and franchisor financing programs. There are also companies that will roll your 401K, or other retirement plan into a business loan. Explore the links below to learn more about the various lending programs and the recent developments related to franchise financing.
The amounts shown below are in US$ and are averages of figures provided by franchise companies that participated in a survey. Prospective franchisees afford will often borrow the necessary funds to open the franchise from a lender which specializes in franchise loans. view this article »
There are several franchise finance assistance programs offered by the US Government. Both are in the form of loan guarantees made to lenders. view this article »
The American dream of business ownership is still alive, but it requires creativity, patience and access to many types of financing options. view this article »
Small Business Administration (SBA)-approved franchises are an excellent choice for prospective franchise owners, who require financial assistance because it's typically view this article »
If you'd like to be your own boss, but a tight budget is preventing you from pursuing your dreams, you may be interested in learning about the numerous low investment franchise opportunities that exist. view this article »
As many of have likely heard President Obama last Tuesday signed into law the American Recovery and Reinvestment Act of 2009 (the Recovery Act). This Act has several provisions that directly affect SBA funding for small businesses and the ability for lenders to sell these loans in the secondary ma... view this article »
If you've always wanted to own your own business but you assumed you had to have a large nest egg to get started, you’ll be surprised to know that businesses are available in a wide range of investment levels and you don’t necessarily have to pay for your business in full. view this article »
