It is extremely important that you have
the necessary capital to not only open your
business but to also support yourself throughout
your businesses first months of operation.
Remember that even though you are probably
buying and excellent franchise it’s still
a business and at the end of the day every
business needs time to develop and reach
its potential.
You must truly understand your real investment.
The experts at Franchise Officer suggest
that whatever the franchises suggested
total investment is, you should add at
least another 20% to rest assured that
you are well capitalized. You may be excited
about the fact that you are about to buy
your dream franchise but don’t let the
excitement take you away from the realities
that determine your future success.
The reality is that if you have not properly
prepared for the acquisition of a franchise
then you might be preparing for failure.
In order to avoid the possibility of failure,
you need to have some key factors in place.
The first factor that you have to understand
is your ability to manage a business successfully.
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.
Franchise Financiers is not a Lender but
rather the aggregator for your financing
needs. This way we’re able to find the
best financing options that fit your needs
and plans from an arena of anxious Lenders.
If you have average or above personal
credit, strong management or work experience
and at least 20% of the down payment required
for your new franchise business, then
we’re almost 100% sure we can help you.
How We Make
a Difference
We have built excellent relationships
with our many underwriters.
We understand what Lenders want and their
loan package guidelines.
We have the ability to speed up the process.
We keep you informed and updated throughout
the entire loan process.
More of our loan applications are approved
than the "other guys"
Here’s
a Brief Comparison of Franchise Financiers
and Direct Lenders
| Features |
Franchise
Financiers |
Direct
Lenders |
| Customization |
Represents
you by packaging loan applications
that highlight your strengths
and minimize your weaknesses. |
Represent
only the Lender. |
| Representation |
We
offer a wide range of programs
with very competitive rates
and terms. |
Offer
limited programs. |
| Flexibility |
A
problem loan can be quickly
moved from one Lender to another. |
If
the loan is denied, the whole
process must start all over
with another lender. |
| Professionalism |
We
are familiar with many Lenders
with loan programs that can
be tailored to your needs
and franchise business. |
Familiar
with a limited number of programs
and do not understand franchising.
Therefore, they usually can’t
create a loan package that
fits your needs. |
| Performance |
We’re
paid commissions by the Lender
and therefore, we are very
motivated to close your loan. |
Salaried
employees who don’t care if
you get the loan or not. |
| Costs |
We
offer numerous rates and fee
combinations. Chances are
you will pay less for your
loan over its term. |
Offer
very limited options. |
|