If you are looking to start a franchise, you may be wondering how to finance your new venture. Fortunately, there are several financial assistance programs and funding options available to help you get started. At Franchise Decisions, our Certified Franchise Consultants are here to guide you through the financing process and help you achieve your Financial Freedom.
At Franchise Decisions, we understand that financing a franchise can be quite challenging, which is why we offer a wide variety of options to help our clients achieve their financial goals. One of the most opted ways to finance a franchise is through a business loan, and we have an established network of lenders to help you get pre-approved.
If you don't meet the necessary pre-qualification criteria, you don't need to worry because we are here to guide you the right way. We can help you understand what steps you need to take so that you will be in a better position to qualify for a business loan in the future. Our goal is to help you achieve financial freedom through franchise ownership.
We are proud to say that our pre-approved clients get the business loan they need 99% of the time, which is a testament to our commitment to our clients. We believe that you shouldn't waste time and money getting a "soft pre-approval" that may not lead to actual funding. Instead, let us help you secure the funding you need to achieve your financial goals.
The Small Business Administration (SBA) offers a variety of loan programs for specific purposes, such as start-ups, acquisitions, expansions, refinances, and working capital. Our lending partners have a "Preferred Lender" status with the SBA, which means they can make final credit decisions on SBA-guaranteed loans instead of submitting them to the SBA for official approval. This makes the process quicker for our clients.
Conventional loans are another option for financing your franchise. They are primarily used for acquisitions, expansions, and upgrades. With no personal collateral requirement or government guarantee, these loans are best suited for strong borrowers with previous business ownership experience. Our Certified Franchise Consultants at Franchise Decisions can help you determine if a conventional loan is a right choice for you.
Rolling over your IRA, 401(k), 403(b), Keogh, or other retirement funds into a 401(k)-franchise financing vehicle can be a smart choice for financing your franchise debt-free. By using your own funds, you can avoid pledging your home or other assets as loan collateral and potentially jeopardizing your personal credit.
This financing structure is ideal for husband-and-wife teams who want to mix their retirement funds with personal funds or capital from other investors. By investing your retirement funds into your own franchise, you can reinvest your profits tax-deferred in your business or in your retirement account, building your business while you grow your retirement nest egg.
At Franchise Decisions, we are dedicated to helping our clients achieve their Financial Freedom. Our Certified Franchise Consultants have the knowledge and expertise to guide you through the financing process and help you secure the funding you need to start your franchise. Contact us today and learn about how we can guide you in the right way to achieve your financial goals with these financing options
If you're interested in exploring franchise opportunities, we encourage you to contact us at Franchise Decisions or get started with our Get Fit Program today. We are always available to assist you at every stage.