 To start a Franchise or business you will
need franchise loan consultants to maximize your business opportunity.
Funding is a key element in the start-up phase of most businesses and
franchises are no exception. Since the total investment
required to start a franchise or business opportunity can range from
under $10,000 to several million, potential franchisees will often seek
financing to form part of their investment. Franchise
loan consultants are here to guide you.
The necessity of financing is not just
about getting the business started. It is vital for the franchisee that
you have the funds not just to start the business but to provide cash
flow through the early stages so that you can expand your business.
Most franchisors will look very carefully at a number of key factors
when assessing potential franchisees. These will include management or
marketing experience and your fit with the company but will also
involve an assessment of your financial capabilities.
One of the difficulties when
considering starting a franchise is assessing exactly how much you can
afford to invest. Many potential franchisees will come from employment
and will be attracted to franchising because of the track record,
experience and brand presence of the franchisor. It is such things that
result in the lower failure rate of franchised start-ups. Luckily for
you, many lenders are also attracted by those same factors. Many
franchisors, because of their track records are known to lenders in
their industry and are comfortable with franchisees securing financing
for a portion of their investment. This can be in many forms. It may
include the leasing of vans or equipment and funding for the entire
project.
Many potential franchisees find the
search process difficult because they have no clear perception of how
much they may be able to borrow and therefore are unsure of how much
they will be able to invest.
Because
FranchiseTiger.com (Diamond Financial) is not a direct lender we are
able to select the best source of funding from our pool of aggressive
lenders. We can source the lender most receptive to your
qualifications, type of business, site location and other criteria to
increase your chances of success. The company’s specialty is SBA (Small
Business Administration) loans which are provided by conventional
lenders but guaranteed by the Small Business Administration.
If you have OK to good personal
credit, management or strong work experience and 20% - 25% down
payment, then FranchiseTiger.com can help you secure the financing that
you need now.
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