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6 best financing options for franchising a business

by on May 16, 2018 in Latest News, Lead Article, News you can use, Nuggets, Small Business, Startups

6 best financing options for franchising a business

Offering both the flexibility and independence of being a small business owner, plus the support and infrastructure of a large corporation, a franchise can be the ideal opportunity for anyone interested in becoming an entrepreneur.

Even so, opening a franchise requires a significant investment of capital — often including a hefty franchise fee along with ongoing royalties and advertising costs. Not everyone has access to that kind of cash. So, if you need a business loan to fund your franchise investment, you might find it challenging to navigate the various options available.

Let’s simplify the process of financing your franchise business by breaking down the six most popular franchise financing options.

1. Franchisor financing.

If you need funding to purchase a franchise, your first conversation should be directly with your prospective franchisor.

Many corporations with franchise business models offer tailored financing solutions exclusively designed for their franchisees, either through partnerships with specific lenders or by providing capital directly from the corporation. This is one of the most common ways to finance a franchise and offers many benefits. Gold’s Gym, UPS Store and Meineke all offer financing options to their franchise owners.

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