Buying a franchise can help entrepreneurs build a business and increase income, but many require an initial investment of over $250,000. For that reason, franchise financing is often necessary to get ...
The cost of buying into a franchise includes various components such as the upfront franchise fee, start-up costs for equipment and premises fit-out, inventory, and ongoing fees. Prospective ...
Franchising may be an enticing opportunity for entrepreneurs, but finding funding can be complex. Through the Small Business Administration (SBA), there are options, including SBA 7(a) loans and SBA ...
In theory, getting a loan for a franchise business should be easier than financing a new startup. You have brand recognition, a proven track record and hard data on your side. But even when armed with ...
The SBA’s new SOP shifts more responsibility to lenders and requires stricter documentation on equity, collateral and eligibility. Franchisors must be listed in the SBA Franchise Directory by July 31, ...
Franchisees in search of financing have had it rough the past few years. But it's not all gloom and doom on the lending front. Recent numbers for SBA franchise loans--issued by banks but guaranteed up ...
If you want to open a franchise of an established brand but don’t have the cash, you may be able to finance all or part of the purchase. Franchise financing is a common method of paying thousands of ...
The longest federal government shutdown in United States history—43 days—didn’t help the development outlook among ...
The number of franchises in the U.S. has risen by about 65 percent in just the past five years, and this segment of the small-business landscape represents a fertile area for loan growth that largely ...
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