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Want to leverage the benefits of a stellar brand reputation, a solid supply chain, expert technical support, and satisfied customers? Owning a franchise in 2021 is what makes your dream come true.<br><br> Advantages of owning a franchise<br><br>u25cf Low failure rate<br><br>u25cf Collective buying power of parent company<br><br>u25cf Brand-name recognition<br><br>u25cf Built-in loyal customers<br><br>u25cf High returns on investment<br><br>Best Franchise Financing options for 2021?<br><br>Fortunately, numerous forms of franchise funding are available, here are the top 4 options.<br><br>SBA Loans<br><br>SBA loans for franchising financing can lend you up to $5 million with repayment terms of up to 10 years. If the purchase of real estate is being funded with an SBA loan, the repayment terms can be extended for up to 25 years.<br><br>Alternative Lending<br><br>For established franchisees, these lenders may also offer small business lines of credit to help meet operating expenses. To qualify, borrowers typically need a credit score of at least 600, annual revenues of at least $100,000, and must have been in business for at least six months.<br><br>Working Capital Loans<br><br>If you need immediate access to cash to cover day-to-day and other short-term expenses in your franchise businesses, a working capital loan is a right choice for you. You will get an amount up to $200K with a repayment term of up to 5 years and interest rates of 13% -39%.<br><br>Franchisor Financing<br><br>Whether you need a small amount to purchase a piece of equipment or a huge amount of cash to acquire real estate for your franchise, these loans are available for as little as $25k or as much as $500K. It is a one-time lump sum of cash that your business then repays over time in scheduled installments with a fixed rate of interest.
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Franchise Financing: Your Best Options for 2021
Want to leverage the benefits of a stellar brand reputation, a solid supply chain, expert technical support, and satisfied customers? Owning a franchise in 2021 is what makes your dream come true.
Advantages of Owning a Franchise • Low failure rate • Collective buying power of parent company • Brand-name recognition • Built-in loyal customers • High returns on investmen
Best Franchise Financing options for 2021? Fortunately, numerous forms of franchise funding are available, here are the top 4 options.
SBA Loans SBA loans for franchising financing can lend you up to $5 million with repayment terms of up to 10 years. If the purchase of real estate is being funded with an SBA loan, the repayment terms can be extended for up to 25 years.
Alternative Lending For established franchisees, these lenders may also offer small business lines of credit to help meet operating expenses. To qualify, borrowers typically need a credit score of at least 600, annual revenues of at least $100,000, and must have been in business for at least six months.
Working Capital Loans If you need immediate access to cash to cover day-to-day and other short-term expenses in your franchise businesses, a working capital loan is the right choice for you. You will get an amount up to $200K with a repayment term of up to 5 years and interest rates of 13% -39%.
Franchisor Financing Whether you need a small amount to purchase a piece of equipment or a huge amount of cash to acquire real estate for your franchise, these loans are available for as little as $25k or as much as $500K. It is a one-time lump sum of cash that your business then repays over time in scheduled installments with a fixed rate of interest.
Thank You Source: ForwardAI Website: https://www.forwardai.com/
