$5,000 – $2,500,000
You’re in luck. There are loans available for Franchises! Whether you’re getting into a new franchise, purchasing a new territory or expanding your franchise, SEG Funding is the place to start.
Buying into or starting a Franchise is a great way for an entrepreneur to start their first business. Lenders like that it is a proven business model and now it’s up to the new Franchisee to make their location / territory successful. Opening a franchise is great for someone that is hesitant to jump into a business with no support. Franchisors have vested interest in their Franchisee and are there to help. With a franchise, you get all of the independence, responsibility, and potential profit associated with owning your own business, and a Supporting cast (i.e. the Franchisor) to train you. Unlike starting a business from scratch, a franchise comes with a proven business model and a well-known brand, reducing your risk of failure dramatically. Lenders are well aware of the benefits associated with opening and operating a franchise and are more willing to approve franchise loans than a standard small business loan for a start-up. Knowing which lenders to pursue is a critical element.
Franchise business loans typically come with more attractive terms than you are likely to find for any other type of start-up business loan. This is because lenders consider the financial stability, business model, and previous success of the franchise parent company when reviewing a loan application. Despite the relatively easier access to capital that a franchise owner enjoys, there are many different elements to think about before purchasing a franchise. Each franchise is operated differently and will come with its own set of operating and start-up costs. When considering pursuing franchise business financing, contact SEG Funding to make sure you’re taking the proper steps.
SEG Funding helps entrepreneurs secure franchise business financing through its vast network of hundreds of lenders. We have helped secure franchise loans for the owners of FedEx, Subway, Snap-on Tools, 7-11 and many other successful franchisees.