FUNDING

We can connect you with 3rd parties lenders or you can utilize your own contacts to pull the resources together to get your franchise open. Our 3rd party lenders do non-collateralized loans unlike traditional banks.

A FEW TIPS

• Talk to your franchisor before searching for outside financing; get approved or pre-qualified.
• The most common source of start-up capital is friends and family. Use them.
• Seek out lenders that understand not just small business but franchising as well.
• Be totally honest and upfront with lenders. Hide nothing. Be prepared to explain everything.
• Neatness counts. Fill out your credit and loan applications clearly. Typed is better.
• Don't weigh down your loan application with attached documents.
• Don't exhaust your liquidity by paying off outstanding debts before filing a loan application. Lenders want you to have capital available.
• If you lack liquidity, find a partner with money.
• Consider equipment leasing to conserve start-up capital and improve the appearance of your balance sheet.
• Keep debts and expenses to a minimum. Many business owners take on too much debt, forgetting that cash flow must pay that debt.
• Consider buying used equipment, furniture, vehicles, etc.
• Let your fingers do the walking on the Internet before wasting time, energy, gas and phone calls. You'll find useful information.